Common use of Stock Dividends - Split-Ups Clause in Contracts

Stock Dividends - Split-Ups. If after the date hereof, the number of outstanding shares of Common Stock is increased by a stock dividend payable in shares of Common Stock or by a split-up of shares of Common Stock or other similar event, then, on the effective date thereof, the number of shares of Common Stock underlying each of the Units purchasable hereunder shall be increased in proportion to such increase in outstanding shares. In such case, the number of shares of Common Stock, and the exercise price applicable thereto, underlying the Warrants underlying each of the Units purchasable hereunder shall be adjusted in accordance with the terms of the Warrants. For example, if the Company declares a two-for-one stock dividend and at the time of such dividend this Purchase Option is for the purchase of one Unit at $11.00 per whole Unit (each Warrant underlying the Units is exercisable for $7.50 per share), upon effectiveness of the dividend, this Purchase Option will be adjusted to allow for the purchase of one Unit at $11.00 per Unit, each Unit entitling the holder to receive two shares of Common Stock and two Warrants (each Warrant exercisable for $3.75 per share).

Stock Dividends - Split-Ups. If after the date hereof, and subject to the provisions of Section 6.4 below, the number of outstanding shares of Common Stock Ordinary Shares is increased by a stock dividend payable in shares of Common Stock Ordinary Shares or by a split-up of shares of Common Stock Ordinary Shares or other similar event, then, on the effective date thereof, the number of shares of Common Stock Ordinary Shares underlying each of the Units purchasable hereunder shall be increased in proportion to such increase in outstanding shares. In such case, the number of shares of Common StockOrdinary Shares, and the exercise price applicable thereto, underlying the Warrants underlying each of the Units purchasable hereunder shall be adjusted in accordance with the terms of the Warrants. For example, if the Company declares a two-for-one stock dividend and at the time of such dividend this Purchase Option is for the purchase of one Unit at $11.00 15.00 per whole Unit (each Warrant underlying the Units is exercisable for $7.50 10.00 per share), upon effectiveness of the dividend, this Purchase Option will be adjusted to allow for the purchase of one Unit at $11.00 15.00 per Unit, each Unit entitling the holder to receive two shares of Common Stock Ordinary Shares and two Warrants (each Warrant exercisable for $3.75 5.00 per shareOrdinary Shares).

Stock Dividends - Split-Ups. If after the date hereof, the number of outstanding shares of Common Stock is increased by a stock dividend payable in shares of Common Stock or by a split-up of shares of Common Stock or other similar event, then, on the effective date thereof, the number of shares of Common Stock underlying each of the Units purchasable hereunder shall be increased in proportion to such increase in outstanding shares. In such case, the number of shares of Common Stock, and the exercise price applicable thereto, underlying the Warrants underlying each of the Units purchasable hereunder shall be adjusted in accordance with the terms of the Warrants. For example, if the Company declares a two-for-one stock dividend and at the time of such dividend this Purchase Option is for the purchase of one Unit at $11.00 per whole Unit (each Warrant underlying the Units is exercisable for $7.50 8.00 per share), upon effectiveness of the dividend, this Purchase Option will be adjusted to allow for the purchase of one Unit at $11.00 per Unit, each Unit entitling the holder to receive two shares of Common Stock and two four Warrants (each Warrant exercisable for $3.75 4.00 per share).

Stock Dividends - Split-Ups. If after the date hereof, and subject to the provisions of Section 6.4 below, the number of outstanding shares of Common Stock Ordinary Shares is increased by a stock dividend payable in shares of Common Stock Ordinary Shares or by a split-up of shares of Common Stock Ordinary Shares or other similar event, then, on the effective date thereof, the number of shares of Common Stock Ordinary Shares underlying each of the Units purchasable hereunder shall be increased in proportion to such increase in outstanding shares. In such case, the number of shares of Common StockOrdinary Shares, and the exercise price applicable thereto, underlying the Warrants underlying each of the Units purchasable hereunder shall be adjusted in accordance with the terms of the Warrants. For example, if the Company declares a two-for-one stock dividend and at the time of such dividend this Purchase Option is for the purchase of one Unit at $11.00 6.00 per whole Unit (each Warrant underlying the Units is exercisable for $7.50 5.00 per share), upon effectiveness of the dividend, this Purchase Option will be adjusted to allow for the purchase of one Unit at $11.00 6.00 per Unit, each Unit entitling the holder to receive two shares of Common Stock Ordinary Shares and two four Warrants (each Warrant exercisable for $3.75 2.50 per share).

Stock Dividends - Split-Ups. If after the date hereof, the number of outstanding shares of Common Stock is increased by a stock dividend payable in shares of Common Stock or by a split-up of shares of Common Stock or other similar event, then, on the effective date thereof, the number of shares of Common Stock underlying each of the Units purchasable hereunder shall be increased in proportion to such increase in outstanding shares. In such case, the number of shares of Common Stock, and the exercise price applicable thereto, underlying the Warrants underlying each of the Units purchasable hereunder shall be adjusted in accordance with the terms of the Warrants. For example, if the Company declares a two-for-one stock dividend and at the time of such dividend this Purchase Option is for the purchase of one Unit at $11.00 12.50 per whole Unit (each Warrant underlying the Units is exercisable for $7.50 6.50 per share), upon effectiveness of the dividend, this Purchase Option will be adjusted to allow for the purchase of one Unit at $11.00 12.50 per Unit, each Unit entitling the holder to receive two shares of Common Stock and two Warrants (each Warrant exercisable for $3.75 3.25 per share).

Stock Dividends - Split-Ups. If after the date hereof, and subject to the provisions of Section 6.4 below, the number of outstanding shares of Common Stock Ordinary Shares is increased by a stock dividend payable in shares of Common Stock Ordinary Shares or by a split-up of shares of Common Stock Ordinary Shares or other similar event, then, on the effective date thereof, the number of shares of Common Stock Ordinary Shares underlying each of the Units purchasable hereunder shall be increased in proportion to such increase in outstanding shares. In such case, the number of shares of Common StockOrdinary Shares, and the exercise price applicable thereto, underlying the Warrants underlying each of the Units purchasable hereunder shall be adjusted in accordance with the terms of the Warrants. For example, if the Company declares a two-for-one stock dividend and at the time of such dividend this Purchase Option is for the purchase of one Unit at $11.00 12.00 per whole Unit (each Warrant underlying the Units is exercisable for $7.50 per share), upon effectiveness of the dividend, this Purchase Option will be adjusted to allow for the purchase of one Unit at $11.00 12.00 per Unit, each Unit entitling the holder to receive two shares of Common Stock Ordinary Shares and two Warrants (each Warrant exercisable for $3.75 per share).

Stock Dividends - Split-Ups. If after the date hereof, and subject to the provisions of Section 6.3 below, the number of outstanding shares of Common Stock Ordinary Shares is increased by a stock dividend payable in shares of Common Stock Ordinary Shares or by a split-up of shares of Common Stock Ordinary Shares or other similar event, then, on the effective date thereof, the number of shares of Common Stock Ordinary Shares underlying each of the Units purchasable hereunder shall be increased in proportion to such increase in outstanding shares. In such case, the number of shares of Common StockOrdinary Shares, and the exercise price applicable thereto, underlying the Warrants underlying each of the Units purchasable hereunder shall be adjusted in accordance with the terms of the Warrants. For example, if the Company declares a two-for-one stock dividend and at the time of such dividend this Purchase Option is for the purchase of one Unit at $11.00 15.00 per whole Unit (each Warrant underlying the Units is exercisable for $7.50 11.50 per share), upon effectiveness of the dividend, this Purchase Option will be adjusted to allow for the purchase of one Unit at $11.00 15.00 per Unit, each Unit entitling the holder to receive two shares of Common Stock Ordinary Shares and two Warrants (each Warrant exercisable for $3.75 5.75 per shareOrdinary Shares).

Stock Dividends - Split-Ups. If after the date hereof, the number of outstanding shares of Common Stock is increased by a stock dividend payable in shares of Common Stock or by a split-up of shares of Common Stock or other similar event, then, on the effective date thereof, the number of shares of Common Stock underlying each of the Units purchasable hereunder shall be increased in proportion to such increase in outstanding sharesshares of Common Stock. In such case, the number of shares of Common Stock, and the exercise price applicable thereto, underlying the Warrants underlying each of the Units purchasable hereunder shall be adjusted in accordance with the terms of the Warrants. For example, if the Company declares a two-for-one stock dividend and at the time of such dividend this Purchase Option is for the purchase of one Unit at $11.00 per whole Unit (each Warrant underlying the Units is exercisable for $7.50 11.50 per share), upon effectiveness of the dividend, this Purchase Option will be adjusted to allow for the purchase of one Unit at $11.00 per Unit, each Unit entitling the holder to receive two shares of Common Stock and two Warrants (each Warrant exercisable for $3.75 5.75 per share).

Stock Dividends - Split-Ups. If after the date hereof, the number of outstanding shares of Common Stock is increased by a stock dividend payable in shares of Common Stock or by a split-up of shares of Common Stock or other similar event, then, on the effective date thereof, the number of shares of Common Stock underlying each of the Units purchasable hereunder shall be increased in proportion to such increase in outstanding shares. In such case, the number of shares of Common Stock, and the exercise price applicable thereto, underlying the Warrants underlying each of the Units purchasable hereunder shall be adjusted in accordance with the terms of the Warrants. For example, if the Company declares a two-for-one stock dividend and at the time of such dividend this Purchase Option is for the purchase of one Unit at $11.00 10.00 per whole Unit (each Warrant underlying the Units is exercisable for $7.50 5.00 per share), upon effectiveness of the dividend, this Purchase Option will be adjusted to allow for the purchase of one Unit at $11.00 10.00 per Unit, each Unit entitling the holder to receive two shares of Common Stock and two Warrants (each Warrant exercisable for $3.75 2.50 per share).

Stock Dividends - Split-Ups. If after the date hereof, and subject to the provisions of Section 6.4 below, the number of outstanding shares of Common Stock Ordinary Shares is increased by a stock dividend payable in shares of Common Stock Ordinary Shares or by a split-up of shares of Common Stock Ordinary Shares or other similar event, then, on the effective date thereof, the number of shares of Common Stock Ordinary Shares underlying each of the Units purchasable hereunder shall be increased in proportion to such increase in outstanding shares. In such case, the number of shares of Common StockOrdinary Shares, and the exercise price applicable thereto, underlying the Warrants underlying each of the Units purchasable hereunder shall be adjusted in accordance with the terms of the Warrants. For example, if the Company declares a two-for-one stock dividend and at the time of such dividend this Purchase Option is for the purchase of one Unit at $11.00 12.00 per whole Unit (each Warrant underlying the Units is exercisable for $7.50 10.00 per share), upon effectiveness of the dividend, this Purchase Option will be adjusted to allow for the purchase of one Unit at $11.00 12.00 per Unit, each Unit entitling the holder to receive two shares of Common Stock Ordinary Shares and two Warrants (each Warrant exercisable for $3.75 5.00 per share).

Stock Dividends - Split-Ups. If after the date hereof, the number of outstanding shares of Common Stock is increased by a stock dividend payable in shares of Common Stock or by a split-up of shares of Common Stock or other similar event, then, on the effective date thereof, the number of shares of Common Stock underlying each of the Units purchasable hereunder shall be increased in proportion to such increase in outstanding shares. In such case, the number of shares of Common Stock, and the exercise price applicable thereto, underlying the Warrants underlying each of the Units purchasable hereunder shall be adjusted in accordance with the terms of the Warrants. For example, if the Company declares a two-for-one stock dividend and at the time of such dividend this Purchase Option is for the purchase of one Unit at $11.00 10.00 per whole Unit (each Warrant underlying the Units is exercisable for $7.50 6.00 per share), upon effectiveness of the dividend, this Purchase Option will be adjusted to allow for the purchase of one Unit at $11.00 10.00 per Unit, each Unit entitling the holder to receive two shares of Common Stock and two Warrants (each Warrant exercisable for $3.75 3.00 per share).

Stock Dividends - Split-Ups. If after the date hereof, the number of outstanding shares of Common Stock is increased by a stock dividend payable in shares of Common Stock or by a split-up of shares of Common Stock or other similar event, then, on the effective date thereof, the number of shares of Common Stock underlying each of the Units purchasable hereunder shall be increased in proportion to such increase in outstanding sharesshares of Common Stock. In such case, the number of shares of Common Stock, and the exercise price applicable thereto, underlying the Warrants underlying each of the Units purchasable hereunder shall be adjusted in accordance with the terms of the Warrants. For example, if the Company declares a two-for-one stock dividend and at the time of such dividend this Purchase Option is for the purchase of one Unit at $11.00 per 11.50 whole Unit (each Warrant underlying the Units is exercisable for $7.50 11.50 per share), upon effectiveness of the dividend, this Purchase Option will be adjusted to allow for the purchase of one Unit at $11.00 11.50 per Unit, each Unit entitling the holder to receive two shares of Common Stock and two Warrants (each Warrant exercisable for $3.75 5.75 per share).

Stock Dividends - Split-Ups. If after the date hereof, the number of outstanding shares of Common Stock Ordinary Shares is increased by a stock dividend payable in shares of Common Stock Ordinary Shares or by a split-up of shares of Common Stock Ordinary Shares or other similar event, then, on the effective date thereof, the number of shares of Common Stock Ordinary Shares underlying each of the Units purchasable hereunder shall be increased in proportion to such increase in outstanding sharesOrdinary Shares. In such case, the number of shares of Common StockOrdinary Shares, and the exercise price applicable thereto, underlying the Warrants underlying each of the Units purchasable hereunder shall be adjusted in accordance with the terms of the Warrants. For example, if the Company declares a two-for-one stock dividend and at the time of such dividend this Purchase Option is for the purchase of one Unit at $11.00 per 15.00 whole Unit (each Warrant underlying the Units is exercisable for $7.50 11.50 per share), upon effectiveness of the dividend, this Purchase Option will be adjusted to allow for the purchase of one Unit at $11.00 15.00 per Unit, each Unit entitling the holder to receive two shares of Common Stock Ordinary Shares and two Warrants (each Warrant exercisable for $3.75 5.75 per share).

Stock Dividends - Split-Ups. If after the date hereof, and subject to the provisions of Section 6.4 below, the number of outstanding shares of Common Stock Ordinary Shares is increased by a stock dividend payable in shares of Common Stock Ordinary Shares or by a split-up of shares of Common Stock Ordinary Shares or other similar event, then, on the effective date thereof, the number of shares of Common Stock Ordinary Shares underlying each of the Units purchasable hereunder shall be increased in proportion to such increase in outstanding shares. In such case, the number of shares of Common StockOrdinary Shares, and the exercise price applicable thereto, underlying the Warrants underlying each of the Units purchasable hereunder shall be adjusted in accordance with the terms of the Warrants. For example, if the Company declares a two-for-one stock dividend and at the time of such dividend this Purchase Option is for the purchase of one Unit at $11.00 8.00 per whole Unit (each Warrant underlying the Units is exercisable for $7.50 5.00 per share), upon effectiveness of the dividend, this Purchase Option will be adjusted to allow for the purchase of one Unit at $11.00 8.00 per Unit, each Unit entitling the holder to receive two shares of Common Stock Ordinary Shares and two Warrants (each Warrant exercisable for $3.75 2.50 per share).

Stock Dividends - Split-Ups. If after the date hereof, and subject to the provisions of Section 6.4 below, the number of outstanding shares of Common Stock Shares is increased by a stock dividend payable in shares of Common Stock Shares or by a split-up of shares of Common Stock Shares or other similar event, then, on the effective date thereof, the number of shares of Common Stock Shares underlying each of the Units purchasable hereunder shall be increased in proportion to such increase in outstanding shares. In such case, the number of shares of Common StockShares, and the exercise price applicable thereto, underlying the Warrants underlying each of the Units purchasable hereunder shall be adjusted in accordance with the terms of the Warrants. For example, if the Company declares a two-for-one stock dividend and at the time of such dividend this Purchase Option is for the purchase of one Unit at $11.00 10.00 per whole Unit (each Warrant underlying the Units is exercisable for $7.50 4.50 per share), upon effectiveness of the dividend, this Purchase Option will be adjusted to allow for the purchase of one Unit at $11.00 10.00 per Unit, each Unit entitling the holder to receive two shares of Common Stock Shares and two Warrants (each Warrant exercisable for $3.75 5.00 per share).