Common use of Adjustment for Extraordinary Events Clause in Contracts

Adjustment for Extraordinary Events. In the event that the Company shall (i) issue additional shares of the Common Stock as a dividend or other distribution on outstanding Common Stock, (ii) subdivide its outstanding shares of Common Stock, or (iii) combine its outstanding shares of the Common stock into a smaller number of shares of the Common Stock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events. The holder of this Warrant shall thereafter, on the exercise hereof, be entitled to receive that number of shares of Common Stock determined by multiplying the number of shares of Common Stock that would otherwise be issuable on such exercise by a fraction of which (i) the numerator is the Purchase Price that would otherwise be in effect, and (ii) the denominator is the Purchase Price in effect on the date of such exercise.

Adjustment for Extraordinary Events. In the event that the Company shall (i) issue additional shares of the Common Stock as a dividend or other distribution on outstanding Common Stock, (ii) subdivide its outstanding shares of Common Stock, or (iii) combine its outstanding shares of the Common stock Stock into a smaller number of shares of the Common Stock, then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or eventsevents described herein in this Section 5. The holder of this Warrant Holder shall thereafter, on the exercise hereofhereof as provided in Section 1, be entitled to receive that number of shares of Common Stock determined by multiplying the number of shares of Common Stock that which would otherwise (but for the provisions of this Section 5) be issuable on such exercise by a fraction of which (i) the numerator is the Purchase Price that which would otherwise (but for the provisions of this Section 5) be in effect, and (ii) the denominator is the Purchase Price in effect on the date of such exercise.

Adjustment for Extraordinary Events. In the event that the Company shall (i) issue additional shares of the Common Stock as a dividend or other distribution on outstanding Common Stock, (ii) subdivide its outstanding shares of Common Stock, or (iii) combine its outstanding shares of the Common stock into a smaller number of shares of the Common Stock, COMMON STOCK PURCHASE WARRANT - Page 5 (American International Petroleum Corp.) then, in each such event, the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or eventsevents described herein in this Section 5. The holder of this Warrant shall thereafter, on the exercise hereofhereof as provided in Section 1, be entitled to receive that number of shares of Common Stock determined by multiplying the number of shares of Common Stock that would otherwise (but for the provisions of this Section 5) be issuable on such exercise by a fraction of which (i) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 5) be in effect, and (ii) the denominator is the Purchase Price in effect on the date of such exercise.

Adjustment for Extraordinary Events. In the event that the Company shall (i) issue additional shares of the Common Stock as a dividend or other distribution on outstanding Common Stock, (ii) subdivide its or reclassify outstanding shares of Common Stock, or (iii) combine its outstanding shares of the Common stock Stock into a smaller number of shares of the Common Stock, then, in each such event, the Purchase Exercise Price shall, simultaneously with the happening of such event, event be adjusted by multiplying the then Purchase Exercise Price by a fraction, the numerator of which shall be the number of shares of Common Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Stock outstanding immediately after such event, and the product so obtained shall thereafter be the Purchase Exercise Price then in effect. The Purchase Exercise Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or eventsevents described herein in this Section 5. The holder Holder of this Warrant shall thereafter, on the exercise hereofhereof as provided in Section 1, be entitled to receive that number of shares of Common Stock determined by multiplying the number of shares of Common Stock that would otherwise be issuable on upon the exercise of this Warrant immediately prior to such exercise issuance by a fraction of which (i) the numerator is the Purchase Exercise Price that would otherwise be in effect, effect immediately prior to the issuance resulting in an adjustment to the Exercise Price and (ii) the denominator is the Purchase Exercise Price in effect on the date of after giving effect to any adjustment resulting from such exerciseissuance.