Common use of Adjustment for Common Stock Issue Clause in Contracts

Adjustment for Common Stock Issue. If the Company issues shares of --------------------------------- Common Stock for a consideration per share less than the current market price per share on the date the Company fixes the offering price of such additional shares, the Warrant Price shall be adjusted in accordance with the formula: P - W' = W x O + M ------ A Where: W' = the adjusted Warrant Price W = the then current Warrant Price O = the number of shares outstanding immediately prior to the issuance of such additional shares P = the aggregate consideration received for the issuance of such additional shares M = the current market price per share on the date of issuance of such additional shares A = the number of shares outstanding immediately after the issuance of such additional shares The adjustment shall be made successively whenever any such issuance is made, and shall become effective after such issuance. This subsection (d) does not apply to:

Adjustment for Common Stock Issue. If the Company issues shares --------------------------------- of --------------------------------- Common Stock for a consideration per share less than the current market price per share on the date the Company fixes the offering price of such additional shares, the Warrant Price shall be adjusted in accordance with the formula: P - W' = W x O + M ------ A Where: W' = the adjusted Warrant Price W = the then current Warrant Price O = the number of shares outstanding immediately prior to the issuance of such additional shares P = the aggregate consideration received for the issuance of such additional shares M = the current market price per share on the date of issuance of such additional shares A = the number of shares outstanding immediately after the issuance of such additional shares The adjustment shall be made successively whenever any such issuance is made, and shall become effective after such issuance. This subsection (d) does not apply to:

Adjustment for Common Stock Issue. If the Company issues shares of --------------------------------- Common Stock for a consideration per share less than the current market price per share on the date the Company fixes the offering price of such additional shares, the Warrant Price shall be adjusted in accordance with the formula: P - W' = W x O + M ------ ----- A Where: W' = the adjusted Warrant Price W = the then current Warrant Price O = the number of shares outstanding immediately prior to the issuance of such additional shares P = the aggregate consideration received for the issuance of such additional shares M = the current market price per share on the date of issuance of such additional shares A = the number of shares outstanding immediately after the issuance of such additional shares The adjustment shall be made successively whenever any such issuance is made, and shall become effective after such issuance. This subsection (d) does not apply to:

Adjustment for Common Stock Issue. If the Company issues shares of --------------------------------- Common Stock for a consideration per share less than the current market price per share on the date the Company fixes the offering price of such additional shares, the Warrant Exercise Price shall be adjusted in accordance with the formula: P - WE' = W E x O + M ------ -------- A Wherewhere: WE' = the adjusted Warrant Price W Exercise Price. E = the then current Warrant Price Exercise Price. O = the number of shares outstanding immediately prior to the issuance of such additional shares shares. P = the aggregate consideration received for the issuance of such additional shares shares. M = the current market price per share on the date of issuance of such additional shares shares. A = the number of shares outstanding immediately after the issuance of such additional shares shares. The adjustment shall be made successively whenever any such issuance is made, and shall become effective immediately after such issuance. This subsection (d) does not apply to:

Adjustment for Common Stock Issue. If the Company issues shares of --------------------------------- Common Stock for a consideration per share less than the current market price per share on the date the Company fixes the offering price of such additional shares, the Warrant Exercise Price shall be adjusted in accordance with the formula: P - WE' = W E x O + ( P) M ------ A Wherewhere: WE' = the adjusted Warrant Price W Exercise Price. E = the then current Warrant Exercise Price immediately prior to the adjustment. O = the number of shares outstanding immediately prior to the issuance of such additional shares shares. P = the aggregate consideration received for the issuance of such additional shares shares. M = the current market price per share on the date of issuance of such additional shares shares. A = the number of shares outstanding immediately after the issuance of such additional shares shares. The adjustment shall be made successively whenever any such issuance is made, and shall become effective immediately after such issuance. This subsection (d) does not apply to:

Adjustment for Common Stock Issue. If the Company issues shares of --------------------------------- Common Stock for a consideration per share less than the current market price Fair Value per share on the date the Company fixes the offering price of such additional shares, the Warrant Exercise Price shall be adjusted in accordance with the formula: P - W---- E' = W E x O + M ------ ----------- A Wherewhere: WE' = the adjusted Warrant Price W Exercise Price. E = the then current Warrant Price Exercise Price. O = the number of shares outstanding immediately prior to the issuance of such additional shares shares. P = the aggregate consideration received for the issuance of such additional shares shares. M = the current market price Fair Value per share on the date of issuance of such additional shares shares. A = the number of shares outstanding immediately after the issuance of such additional shares shares. The adjustment shall be made successively whenever any such issuance is made, and shall become effective immediately after such issuance. This subsection (d) does not apply to:

Adjustment for Common Stock Issue. If the Company issues shares of --------------------------------- Common Stock for a consideration per share less than the current market price Fair Value per share on the date the Company fixes the offering price of such additional shares, the Warrant Exercise Price shall be adjusted in accordance with the formula: P - WO + --- M E' = W E x O + M ------ ------- A Wherewhere: WE' = the adjusted Warrant Price W Exercise Price. E = the then current Warrant Price Exercise Price. O = the number of shares outstanding immediately prior to the issuance of such additional shares shares. P = the aggregate consideration received for the issuance of such additional shares shares. M = the current market price Fair Value per share on the date of issuance of such additional shares shares. A = the number of shares outstanding immediately after the issuance of such additional shares shares. The adjustment shall be made successively whenever any such issuance is made, and shall become effective immediately after such issuance. This subsection (d) does not apply to:

Adjustment for Common Stock Issue. If the Company issues shares of Common --------------------------------- Common Stock for a consideration per share less than the current market price per share on the date the Company fixes the offering price of such additional shares, the Warrant Price shall be adjusted in accordance with the formula: P - W' = W x O + M ------ A Where: W' = the adjusted Warrant Price W = the then current Warrant Price O = the number of shares outstanding immediately prior to the issuance of such additional shares P = the aggregate consideration received for the issuance of such additional shares M = the current market price per share on the date of issuance of such additional shares A = the number of shares outstanding immediately after the issuance of such additional shares The adjustment shall be made successively whenever any such issuance is made, and shall become effective after such issuance. This subsection (d) does not apply to:

Adjustment for Common Stock Issue. If the Company issues shares of --------------------------------- Common Stock for a consideration per share less than the current market price per share on the date the Company fixes the offering price of such additional shares, the Warrant Price conversion price shall be adjusted in accordance with the formula: P - W' = W x O + -- M ------ A Where: W' C1 = C X -------- N where C1 = the adjusted Warrant Price W conversion price. C = the then current Warrant Price conversion price. O = the number of shares outstanding immediately prior to the issuance of such additional shares shares. P = the aggregate consideration received for the issuance of such additional shares shares. M = the current market price per share on the date of issuance of such additional shares shares. A = the number of shares outstanding immediately after the issuance of such additional shares shares. The adjustment shall be made successively whenever any such issuance is made, and shall become effective immediately after such issuance. This subsection (d) Section does not apply to:to (i) any of the transactions described in Sections 10.07 and 10.08, (ii) the conversion of Securities, or the conversion or exchange of other securities convertible or exchangeable for Common Stock,

Adjustment for Common Stock Issue. If the Company issues shares of --------------------------------- Common Stock for a consideration per share less than the current market price per share on the date the Company fixes the offering price of such additional shares, the Warrant Exercise Price shall be adjusted in accordance with the formula: P - WE' = W E x O + M ------ --------- A Wherewhere: WE' = the adjusted Warrant Price W Exercise Price. E = the then current Warrant Price Exercise Price. O = the number of shares outstanding immediately prior to the issuance of such additional shares shares. P = the aggregate consideration received for the issuance of such additional shares shares. M = the current market price per share on the date of issuance of such additional shares shares. A = the number of shares outstanding immediately after the issuance of such additional shares shares. The adjustment shall be made successively whenever any such issuance is made, and shall become effective immediately after such issuance. This subsection (d) does not apply to:

Adjustment for Common Stock Issue. If the Company issues shares of --------------------------------- Common Stock for a consideration per share less than the current market price Fair Value per share on the date the Company fixes the offering price of such additional shares, the Warrant Exercise Price shall be adjusted in accordance with the formula: P - W--- E' = W x E X O + M ------ ----------- A Wherewhere: WE' = the adjusted Warrant Price W Exercise Price. E = the then current Warrant Price Exercise Price. O = the number of shares outstanding immediately prior to the issuance of such additional shares shares. P = the aggregate consideration received for the issuance of such additional shares shares. M = the current market price Fair Value per share on the date of issuance of such additional shares shares. A = the number of shares outstanding immediately after the issuance of such additional shares shares. The adjustment shall be made successively whenever any such issuance is made, and shall become effective immediately after such issuance. This subsection (d) does not apply to:

Adjustment for Common Stock Issue. If the Company issues shares of --------------------------------- Common Stock for a consideration per share less than the current market price Fair Value per share on the date the Company fixes the offering price of such additional shares, the Warrant Exercise Price shall be adjusted in accordance with the formula: P - WE' = W E x O + M ------ ----------- A Wherewhere: WE' = the adjusted Warrant Price W Exercise Price. E = the then current Warrant Price Exercise Price. O = the number of shares outstanding immediately prior to the issuance of such additional shares shares. P = the aggregate consideration received for the issuance of such additional shares shares. M = the current market price Fair Value per share on the date of issuance of such additional shares shares. A = the number of shares outstanding immediately after the issuance of such additional shares shares. The adjustment shall be made successively whenever any such issuance is made, and shall become effective immediately after such issuance. This subsection (d) does not apply to:

Adjustment for Common Stock Issue. If the Company issues shares of --------------------------------- Common Stock for a consideration per share less than the current market price Fair Value per share on the date the Company fixes the offering price of such additional shares, the Warrant Exercise Price shall be adjusted in accordance with the formula: P - WE' = W E x O + M ------ A Where------------------- where: WE' = the adjusted Warrant Price W Exercise Price. E = the then current Warrant Price Exercise Price. O = the number of shares outstanding immediately prior to the issuance of such additional shares shares. P = the aggregate consideration received for the issuance of such additional shares shares. M = the current market price Fair Value per share on the date of issuance of such additional shares shares. A = the number of shares outstanding immediately after the issuance of such additional shares shares. The adjustment shall be made successively whenever any such issuance is made, and shall become effective immediately after such issuance. This subsection (d) does not apply to:

Adjustment for Common Stock Issue. If the Company issues shares of --------------------------------- Common Stock for a consideration per share less than the current market price Fair Value per share on the date the Company fixes the offering price of such additional shares, the Warrant Exercise Price shall be adjusted in accordance with the formula: P - W--- E' = W E x O + M ------ ------------ A Wherewhere: WE' = the adjusted Warrant Price W Exercise Price. E = the then current Warrant Price Exercise Price. O = the number of shares outstanding immediately prior to the issuance of such additional shares shares. P = the aggregate consideration received for the issuance of such additional shares shares. M = the current market price Fair Value per share on the date of issuance of such additional shares shares. A = the number of shares outstanding immediately after the issuance of such additional shares shares. The adjustment shall be made successively whenever any such issuance is made, and shall become effective immediately after such issuance. This subsection (d) does not apply to:

Adjustment for Common Stock Issue. If the Company issues shares --------------------------------- of --------------------------------- Common Stock for a consideration per share less than the current market price per share on the date the Company fixes the offering price of such additional shares, the Warrant Price shall be adjusted in accordance with the formula: P - ------------------ W' = W x O + M ------ ------------------ A Where: W' = the adjusted Warrant Price W = the then current Warrant Price O = the number of shares outstanding immediately prior to the issuance of such additional shares P = the aggregate consideration received for the issuance of such additional shares M = the current market price per share on the date of issuance of such additional shares A = the number of shares outstanding immediately after the issuance of such additional shares The adjustment shall be made successively whenever any such issuance is made, and shall become effective after such issuance. This subsection (d) does not apply to:

Adjustment for Common Stock Issue. If the Company issues shares of --------------------------------- Common Stock for a consideration per share less than the current market price per share on the date the Company fixes the offering price of such additional shares, the Warrant Exercise Price shall be adjusted in accordance with the formula: P - W_ E' = W E x O + M ------ ______ A Wherewhere: WE' = the adjusted Warrant Price W Exercise Price. E = the then current Warrant Price Exercise Price. O = the number of shares outstanding immediately prior to the issuance of such additional shares shares. P = the aggregate consideration received for the issuance of such additional shares shares. M = the current market price per share on the date of issuance of such additional shares shares. A = the number of shares outstanding immediately after the issuance of such additional shares shares. The adjustment shall be made successively whenever any such issuance is made, and shall become effective immediately after such issuance. This subsection (d) does not apply to:

Adjustment for Common Stock Issue. If the Company issues shares of --------------------------------- Common Stock for a consideration per share less than the current market price per share on the date the Company fixes the offering price of such additional shares, the Warrant Exercise Price shall be adjusted in accordance with the formula: P - WE' = W E x O + M ------ ----- A Wherewhere: WE' = the adjusted Warrant Price W Exercise Price. E = the then current Warrant Price Exercise Price. O = the number of shares outstanding immediately prior to the issuance of such additional shares shares. P = the aggregate consideration received for the issuance of such additional shares shares. M = the current market price per share on the date of issuance of such additional shares shares. A = the number of shares outstanding immediately after the issuance of such additional shares shares. The adjustment shall be made successively whenever any such issuance is made, and shall become effective immediately after such issuance. This subsection (d) does not apply to:

Adjustment for Common Stock Issue. If the Company issues shares of --------------------------------- Common Stock for a consideration per share less than the current market price per share on the date the Company fixes the offering price of such additional shares, the Warrant Exercise Price shall be adjusted in accordance with the formula: P - WE' = W E x O + M ------ ----------- A Wherewhere: WE' = the adjusted Warrant Price W Exercise Price. E = the then current Warrant Price Exercise Price. O = the number of shares outstanding immediately prior to the issuance of such additional shares shares. P = the aggregate consideration received for the issuance of such additional shares shares. M = the current market price per share on the date of issuance of such additional shares shares. A = the number of shares outstanding immediately after the issuance of such additional shares shares. The adjustment shall be made successively whenever any such issuance is made, and shall become effective immediately after such issuance. This subsection (d) does not apply to:

Adjustment for Common Stock Issue. If the Company issues shares of --------------------------------- Common Stock for a consideration per share less than the current market price per share on the date the Company fixes the offering price of such additional shares, the Warrant Price shall be adjusted in accordance with the formula: P - W' = W x --------- O + M ------ --------- A Where: W' = the adjusted Warrant Price W = the then current Warrant Price O = the number of shares outstanding immediately prior to the issuance of such additional shares P = the aggregate consideration received for the issuance of such additional shares M = the current market price per share on the date of issuance of such additional shares A = the number of shares outstanding immediately after the issuance of such additional shares The adjustment shall be made successively whenever any such issuance is made, and shall become effective after such issuance. This subsection (d) does not apply to:

Adjustment for Common Stock Issue. If the Company issues shares of --------------------------------- Common Stock for a consideration per share less than the current market price Fair Value per share on the date the Company fixes receives the offering price of such additional shares, the Warrant Exercise Price shall be adjusted in accordance with the formula: P - W--- E' = W E x O + M ------ ---------- A Wherewhere: WE' = the adjusted Warrant Price W Exercise Price. E = the then current Warrant Price Exercise Price. O = the number of shares outstanding immediately prior to the issuance of such additional shares shares. P = the aggregate consideration received for the issuance of such additional shares shares. M = the current market price Fair Value per share on the date of issuance of such additional shares shares. A = the number of shares outstanding immediately after the issuance of such additional shares shares. The adjustment shall be made successively whenever any such issuance is made, and shall become effective immediately after such issuance. This subsection (d) does not apply to:

Adjustment for Common Stock Issue. If the Company issues shares of --------------------------------- Common Stock for a consideration per share less than the current market price Fair Value per share on the date the Company fixes the offering price of such additional shares, the Warrant Exercise Price shall be adjusted in accordance with the formula: O + P - W--- M E' = W E x O + M ------ A Wherewhere: WE' = the adjusted Warrant Price W Exercise Price. E = the then current Warrant Price Exercise Price. O = the number of shares outstanding immediately prior to the issuance of such additional shares shares. P = the aggregate consideration received for the issuance of such additional shares shares. M = the current market price Fair Value per share on the date of issuance of such additional shares shares. A = the number of shares outstanding immediately after the issuance of such additional shares shares. The adjustment shall be made successively whenever any such issuance is made, and shall become effective immediately after such issuance. This subsection (d) does not apply to:

Adjustment for Common Stock Issue. If the Company issues shares of --------------------------------- Common Stock for a consideration per share less than the current market price per share on the date the Company fixes the offering price of such additional shares, the Warrant Exercise Price shall be adjusted in accordance with the formula: P - WE' = W E x O + M ------ A Wherewhere: WE' = the adjusted Warrant Price W Exercise Price. E = the then current Warrant Price Exercise Price. O = the number of shares outstanding immediately prior to the issuance of such additional shares shares. P = the aggregate consideration received for the issuance of such additional shares shares. M = the current market price per share on the date of issuance of such additional shares shares. A = the number of shares outstanding immediately after the issuance of such additional shares shares. The adjustment shall be made successively whenever any such issuance is made, and shall become effective immediately after such issuance. This subsection (d) does not apply to: