Common use of Share Dividends and Splits Clause in Contracts

Share Dividends and Splits. If the Company, at any time while this Warrant is outstanding, (i) pays a share dividend on its Common Stock or otherwise makes a distribution on any class of capital share that is payable in shares of Common Stock, (ii) subdivides its outstanding shares of Common Stock into a larger number of shares, (iii) combines its outstanding shares of Common Stock into a smaller number of shares, or (iv) otherwise conducts a corporate action or transaction to change the number of outstanding shares of Common Stock, including any reorganization, recapitalization, or other transaction similar to (i) through (iii), then in each such case the Exercise Price shall be multiplied by a fraction, the numerator of which shall be the number of shares of Common Stock outstanding immediately before such event and the denominator of which shall be the number of shares of Common Stock outstanding immediately after such event. Any adjustment made pursuant to this paragraph shall become effective immediately after the record date for the determination of shareholders entitled to receive such dividend or distribution or the effective date of such subdivision or combination, as applicable.

Share Dividends and Splits. If the Company, at any time while this Warrant is outstanding, : (i) pays a share dividend on its Common Stock in, or otherwise makes make a free distribution on any class of, Common Shares in respect of capital share that is payable in shares of its outstanding Common Stock, Shares (ii) subdivides its outstanding shares of Common Stock Shares into a larger number of shares, (iii) combines (including by way of reverse share split) its outstanding shares of Common Stock Shares into a smaller number of shares, or (iv) otherwise conducts a corporate action or transaction to change the number issues by reclassification of its outstanding Common Shares any capital shares of Common Stock, including any reorganization, recapitalization, or other transaction similar to (i) through (iii)the Company, then in each such case the Exercise Price in effect immediately prior to such action shall be multiplied by a fraction, proportionally adjusted so that the numerator Holder of which shall be this Warrant therefore exercised may receive the aggregate number and kind of shares of Common Stock outstanding the capital of the Company which it would have owned immediately before following such event and the denominator of which shall be the number of shares of Common Stock outstanding action if such Warrant had been exercised immediately after prior to such eventaction. Any adjustment made pursuant to this paragraph Section 3(a) shall become effective immediately after the record date for the determination of shareholders entitled to receive such dividend or distribution or and shall become effective immediately after the effective date in the case of such subdivision a subdivision, combination or combination, as applicablere-classification.