Common use of Adjustment of Exercise Price and Number of Shares upon Issuance of Common Stock Clause in Contracts

Adjustment of Exercise Price and Number of Shares upon Issuance of Common Stock. (i) If and whenever, on or after the date hereof, the Company issues or sells, or in accordance with Section 2B is deemed to have issued or sold, any shares of its common stock for a consideration per share less than the Exercise Price in effect immediately prior to such time, then immediately upon such issue or sale the Exercise Price shall be reduced to the Exercise Price determined by dividing:

Adjustment of Exercise Price and Number of Shares upon Issuance of Common Stock. (i) If and whenever, whenever on or after the date hereof, Date of Issuance of this Warrant the Company issues or sells, or in accordance with Section paragraph 2B is deemed to have issued or sold, any shares of its common stock Common Stock (other than the Excluded Stock) for a consideration per share less than the Exercise Price in effect immediately prior to such time, then immediately upon such issue or sale the Exercise Price shall be reduced to the Exercise Price determined by dividing: