Common use of Reverse Split Clause in Contracts

Reverse Split. If the number of Common Stock outstanding at any time after the date hereof is decreased by a combination of the outstanding Common Stock or reverse split, then, immediately after the effective date of such combination, the Conversion Price shall be appropriately increased so that the holder of this Note thereafter exchanged shall be entitled to receive the percentage of shares of Common Stock which such holder would have owned immediately following such action had this Note been exchanged immediately prior thereto.

Reverse Split. If the number of Common Stock outstanding at any time after the date hereof is decreased by a combination of the outstanding Common Stock or reverse split, then, immediately after the effective date of such combination, the Conversion Price shall be appropriately increased so that the holder Holder of this Note thereafter exchanged shall be entitled to receive the percentage of shares of Common Stock which such holder Holder would have owned immediately following such action had this Note been exchanged immediately prior thereto.

Reverse Split. If the number of Common Stock outstanding at any time after the date hereof is decreased by a combination of the outstanding Common Stock or reverse split, then, immediately after the effective date of such combination, the Conversion Exercise Price shall be appropriately increased so that the holder Holder of this Note thereafter exchanged shall be entitled to receive the percentage of shares of Common Stock which such holder Holder would have owned immediately following such action had this Note been exchanged immediately prior thereto.