Common use of Adjustment for Extraordinary Events Clause in Contracts

Adjustment for Extraordinary Events. In the event that the Company shall (a) issue additional shares of Common Stock as a dividend or other distribution on outstanding Common Stock, (b) subdivide its outstanding shares of Common Stock, or (c) combine its outstanding shares of Common Stock into a smaller number of shares of Common Stock (any such event, an “Extraordinary Event”), then, in each such Extraordinary Event, the Exercise Price shall, simultaneously with the happening of such Extraordinary Event, be adjusted by multiplying the then Exercise Price by a fraction, the numerator of which shall be the number of shares of Common Stock outstanding immediately prior to such Extraordinary Event and the denominator of which shall be the number of shares of Common Stock outstanding immediately after such Extraordinary Event, and the product so obtained shall thereafter be the Exercise Price then in effect, provided, however, that in no event shall the Exercise Process be less than the then applicable par value of a share of Common Stock. The Exercise Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive Extraordinary Event or Extraordinary Events. The holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive that number of Warrant Shares determined by multiplying the number of shares of Common Stock, as applicable, which would otherwise (but for the provisions of this Section 5) be issuable on such exercise by a fraction, the numerator of which is the Exercise Price that would otherwise (but for the provisions of this Section 5) be in effect, and the denominator of which is the Exercise Price in effect on the date of such exercise. Notwithstanding the foregoing, in no event shall the Exercise Process be less than the then applicable par value of a share of Common Stock

Adjustment for Extraordinary Events. In the event that the Company shall (a) issue additional shares of Common Stock as a dividend or other distribution on outstanding Common Stock, (b) subdivide its outstanding shares of Common Stock, or (c) combine its outstanding shares of Common Stock into a smaller number of shares of Common Stock (any such event, an “Extraordinary Event”)Stock, then, in each such Extraordinary Eventevent, the Exercise Price shall, simultaneously with the happening of such Extraordinary Eventevent, be adjusted by multiplying the then Exercise Price by a fraction, the numerator of which shall be the number of shares of Common Stock outstanding immediately prior to such Extraordinary Event event and the denominator of which shall be the number of shares of Common Stock outstanding immediately after such Extraordinary Eventevent, and the product so obtained shall thereafter be the Exercise Price then in effect, provided, however, that in no event shall the Exercise Process be less than the then applicable par value of a share of Common Stock. The Exercise Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive Extraordinary Event event or Extraordinary Eventsevents described in this Section 5. The holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 11 hereof, be entitled to receive that number of Warrant Shares shares of Common Stock determined by multiplying the number of shares of Common Stock, as applicable, Stock which would otherwise (but for the provisions of this Section 5) be issuable on such exercise by a fraction, the numerator of which is the Exercise Price that would otherwise (but for the provisions of this Section 5) be in effect, and the denominator of which is the Exercise Price in effect on the date of such exercise. Notwithstanding the foregoing, in no event shall the Exercise Process be less than the then applicable par value of a share of Common Stock.

Adjustment for Extraordinary Events. In the event that the ----------------------------------- Company shall (a) issue additional shares of Class A Common Stock as a dividend or other distribution on outstanding Class A Common Stock, (b) subdivide its outstanding shares of Class A Common Stock, or (c) combine its outstanding shares of Class A Common Stock into a smaller number of shares of Class A Common Stock (any such event, each an “"Extraordinary Event”"), then, in each such Extraordinary Event, the Exercise Price shall, simultaneously with the happening of such Extraordinary Eventevent, be adjusted by multiplying the then Exercise Price by a fraction, the numerator of which shall be the number of shares of Class A Common Stock outstanding immediately prior to such Extraordinary Event event and the denominator of which shall be the number of shares of Class A Common Stock outstanding immediately after such Extraordinary Eventevent, and the product so obtained shall thereafter be the Exercise Price then in effect, provided, however, that in no event shall the Exercise Process be less than the then applicable par value of a share of Common Stock. The Exercise Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive Extraordinary Event or Extraordinary EventsEvent(s). The holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive that number of Warrant Shares shares of Class A Common Stock determined by multiplying the number of shares of Class A Common Stock, as applicable, Stock which would otherwise (but for the provisions of this Section 5) be issuable on such exercise by a fraction, fraction of which (i) the numerator of which is the Exercise Price that which would otherwise (but for the provisions of this Section 5) be in effect, and (ii) the denominator of which is the Exercise Price in effect on the date of such exercise. Notwithstanding the foregoing, in no event shall the Exercise Process be less than the then applicable par value of a share of Common Stock.

Adjustment for Extraordinary Events. In the event that the Company shall (ai) issue additional shares of Common its Series B Preferred Stock as a dividend or other distribution on outstanding Common Series B Preferred Stock, (bii) subdivide its outstanding shares of Common Series B Preferred Stock, or (ciii) combine its outstanding shares of Common the Series B Preferred Stock into a smaller number of shares of Common Stock (any such event, an “Extraordinary Event”)Series B Preferred Stock, then, in each such Extraordinary Eventevent, the Exercise Purchase Price shall, simultaneously with the happening of such Extraordinary Eventevent, be adjusted by multiplying the then Exercise Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Series B Preferred Stock outstanding immediately prior to such Extraordinary Event event and the denominator of which shall be the number of shares of Common Series B Preferred Stock outstanding immediately after such Extraordinary Eventevent, and the product so obtained shall thereafter be the Exercise Purchase Price then in effect, provided, however, that in no event shall the Exercise Process be less than the then applicable par value of a share of Common Stock. The Exercise Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive Extraordinary Event event or Extraordinary Eventsevents described herein in this Section 4. The holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive that number of Warrant Shares shares of Series B Preferred Stock determined by multiplying the number of shares of Common Stock, as applicable, Series B Preferred Stock which would otherwise (but for the provisions of this Section 54) be issuable on such exercise by a fraction, fraction of which (i) the numerator of which is the Exercise Purchase Price that which would otherwise (but for the provisions of this Section 54) be in effect, and (ii) the denominator of which is the Exercise Purchase Price in effect on the date of such exercise. Notwithstanding the foregoing, in no event shall the Exercise Process be less than the then applicable par value of a share of Common Stock.