Common use of Cash Dividend Clause in Contracts

Cash Dividend. If the Company makes any cash dividend or distribution (excluding any cash distributions in connection with the Company’s liquidation, dissolution or winding up) during any quarterly fiscal period to all or substantially all holders of Common Stock, the number of Warrant Shares for which this Warrant is exercisable will be adjusted based on the following formula: where: NS’ = the number of Warrant Shares for which this Warrant is exercisable in effect immediately after the record date for such distribution; NS0 = the number of Warrant Shares for which this Warrant is exercisable in effect immediately prior to the record date for such distribution; SP0 = the Market Price per share of the Common Stock on the last Trading Day immediately preceding the first date on which the Common Stock trades regular way without the right to receive such distribution; and C = the amount in cash per share of Common Stock the Company distributes to holders of Common Stock. Such adjustment shall become effective immediately after 5:00 p.m., New York City time, on the date for such determination. No adjustment shall be made pursuant to this Section 6.5 which shall have the effect of decreasing the number of Warrant Shares issuable upon exercise of this Warrant.

Cash Dividend. If the Company makes any cash dividend or distribution (excluding any cash distributions in connection with the Company’s liquidation, dissolution or winding up) or distribution during any quarterly fiscal period to all or substantially all holders of Common Stock, the number of Warrant Shares for which this Warrant is exercisable will be adjusted based on the following formula: NS’ = NS0 x SP0 SP0 – C where: , NS’ = the number of Warrant Shares for which this Warrant is exercisable in effect immediately after the record date for such distribution; distribution NS0 = the number of Warrant Shares for which this Warrant is exercisable in effect immediately prior to the record date for such distribution; distribution SP0 = the Market Price per share of the Common Stock on the last Trading Day immediately preceding the first date on which the Common Stock trades regular way without the right to receive such distribution; and distribution C = the amount in cash per share of Common Stock the Company distributes to holders of Common Stock. Such adjustment shall become effective immediately after 5:00 p.m., New York City time, on the date for such determination. No adjustment shall be made pursuant to this Section 6.5 6.4 which shall have the effect of decreasing the number of Warrant Shares issuable upon exercise of this Warrant.

Cash Dividend. If the Company makes any cash dividend or distribution (excluding any cash distributions in connection with the Company’s liquidation, dissolution or winding up) or distribution during any quarterly fiscal period to all or substantially all holders of Common Stock, the number of Warrant Shares for which this Warrant is exercisable will be adjusted based on the following formula: NS’ = NS0 x SP0 where: , NS’ = the number of Warrant Shares for which this Warrant is exercisable in effect immediately after the record date for such distribution; distribution NS0 = the number of Warrant Shares for which this Warrant is exercisable in effect immediately prior to the record date for such distribution; distribution SP0 = the Market Price per share of the Common Stock on the last Trading Day immediately preceding the first date on which the Common Stock trades regular way without the right to receive such distribution; and distribution C = the amount in cash per share of Common Stock the Company distributes to holders of Common Stock. Stock Such adjustment shall become effective immediately after 5:00 p.m., New York City time, on the date for such determination. No adjustment shall be made pursuant to this Section 6.5 6.4 which shall have the effect of decreasing the number of Warrant Shares issuable upon exercise of this Warrant.

Cash Dividend. If the Company makes any cash dividend or distribution (excluding any cash distributions in connection with the Company’s liquidation, dissolution or winding up) or distribution during any quarterly fiscal period to all or substantially all holders of Common Stock, the number of Warrant Shares for which this Warrant is exercisable will be adjusted based on the following formula: NS’ = NS0 x ▇▇▇ ▇▇▇ - C where: , NS’ = the number of Warrant Shares for which this Warrant is exercisable in effect immediately after the record date for such distribution; distribution NS0 = the number of Warrant Shares for which this Warrant is exercisable in effect immediately prior to the record date for such distribution; distribution SP0 = the Market Price per share of the Common Stock on the last Trading Day immediately preceding the first date on which the Common Stock trades regular way without the right to receive such distribution; and distribution C = the amount in cash per share of Common Stock the Company distributes to holders of Common Stock. Such adjustment shall become effective immediately after 5:00 p.m., New York City time, on the date for such determination. No adjustment shall be made pursuant to this Section 6.5 6.4 which shall have the effect of decreasing the number of Warrant Shares issuable upon exercise of this Warrant.