Common use of Adjustments for Stock Splits and Subdivisions Clause in Contracts

Adjustments for Stock Splits and Subdivisions. In the event the Company should at any time or from time to time after the date of issuance hereof fix a record date for the effectuation of a split or subdivision of the outstanding shares of Company Common Stock or the determination of holders of Company Common Stock entitled to receive a dividend or other distribution payable in additional shares of Company Common Stock or other securities or rights convertible into, or entitling the holder thereof to receive directly or indirectly, additional shares of Company Common Stock (hereinafter referred to as "Company Common Stock Equivalents") without payment of any consideration by such holder for the additional shares of Company Common Stock or the Company Common Stock Equivalents (including the additional shares of Company Common Stock issuable upon conversion or exercise thereof), then, as of such record date (or the date of such dividend distribution, split or subdivision if no record date is fixed), the Conversion Price of this Note shall be appropriately decreased so that the number of shares of Company Common Stock issuable upon conversion of this Note shall be increased in proportion to such increase of outstanding shares.

Adjustments for Stock Splits and Subdivisions. (a) In the event the Company should at any time or from time to time after the date of issuance hereof fix a record date for the effectuation of a split or subdivision of the outstanding shares of Company Common Stock or the determination of holders of Company Common Stock entitled to receive a dividend or other distribution payable in additional shares of Company Common Stock or other securities or rights convertible into, or entitling the holder thereof to receive directly or indirectly, additional shares of Company Common Stock (hereinafter referred to as "Company Common Stock Equivalents") without payment of any consideration by such holder for the additional shares of Company Common Stock or the Company Common Stock Equivalents (including the additional shares of Company Common Stock issuable upon conversion or exercise thereof), then, as of such record date (or the date of such dividend distribution, split or subdivision if no record date is fixed), the Conversion Exercise Price of this Note Warrant shall be appropriately decreased so that and the number of shares of Company Common Stock issuable upon conversion exercise of this Note Warrant shall be be. increased in proportion to such increase of outstanding shares.