Common use of Stock Dividends; Stock Splits; Reverse Stock Splits; Reclassifications Clause in Contracts

Stock Dividends; Stock Splits; Reverse Stock Splits; Reclassifications. In case Covalent shall after the date hereof (i) pay a dividend or make any other distribution with respect to Covalent Stock in shares of its capital stock, (ii) subdivide its outstanding Covalent Stock, (iii) combine its outstanding Covalent Stock into a smaller number of shares, or (iv) issue any shares of its capital stock in a reclassification of the Covalent Stock, the number of Covalent Conversion Shares automatically converted upon exercise of a Remedium Option after Closing (“Exercise”) shall be adjusted so that the Option Holders shall thereafter be entitled after the completion of each such event to receive upon Exercise the kind and number of shares of Covalent Stock or other securities of Covalent that the Option Holders would have owned or have been entitled to receive after the happening of each such event, had such Exercise occurred immediately prior to the happening of each such event or any record date with respect thereto. Each adjustment made pursuant to this Section 1.04(a)(i) shall become effective immediately after the effective date of the applicable event retroactive to the record date, if any, for such event.

Stock Dividends; Stock Splits; Reverse Stock Splits; Reclassifications. In case Covalent the Issuer shall after the date hereof (i) pay a dividend or make any other distribution with respect to Covalent on its Common Stock in shares of its any class or series of capital stock, (ii) subdivide its outstanding Covalent shares of Common Stock, (iii) combine its outstanding Covalent shares of Common Stock into a smaller number of sharesshares of Common Stock, or (iv) issue any shares of its capital stock in a reclassification of the Covalent Common Stock, the number of Covalent Conversion Shares automatically converted shares of Common Stock purchasable upon exercise of a Remedium Option after Closing (“Exercise”) each Warrant immediately prior to the record date for such dividend or distribution or the effective date of such subdivision or combination shall be adjusted so that the Option Holders Warrant Holder shall thereafter be entitled after the completion of each such event to receive upon Exercise for each Warrant the kind and number of shares of Covalent Common Stock or other securities of Covalent that the Option Holders Warrant Holder would have owned or have been entitled to receive after the happening of each such eventany of the events described above, had such Exercise occurred the Warrant been exercised immediately prior to the happening of each such event or any record date with respect thereto. Each An adjustment made pursuant to this Section 1.04(a)(i4(A)(1) shall become effective immediately after the effective date of the applicable such event retroactive to the record date, if any, for such event.

Stock Dividends; Stock Splits; Reverse Stock Splits; Reclassifications. In case Covalent the Bank shall after the date hereof (i) pay a dividend or make any other distribution with respect to Covalent Stock in shares of its capital stockCommon Stock or make a distribution in shares of Common Stock, (ii) subdivide its outstanding Covalent shares of Common Stock, (iii) combine its outstanding Covalent shares of Common Stock into a smaller number of shares, shares of Common Stock or (iv) issue any by reclassification of its shares of its capital stock in a reclassification Common Stock other securities of the Covalent StockBank (excluding any such reclassification in connection with a consolidation or merger in which the Bank is the continuing corporation), the number of Covalent Conversion Warrant Shares automatically converted issuable upon exercise of a Remedium Option after Closing (“Exercise”) each Warrant immediately prior thereto shall be adjusted so that the Option Holders each Warrant Holder shall thereafter be entitled after the completion of each such event to receive upon Exercise the kind and number of shares of Covalent Stock Warrant Shares or other securities of Covalent that the Option Holders Bank which he would have owned or have been entitled to receive after the happening of each such eventany of the events described above, had such Exercise occurred Warrant been exercised immediately prior to the happening of each such event or any record date with respect thereto. Each An adjustment made pursuant to this Section 1.04(a)(iparagraph (a) shall become effective immediately after the effective date of the applicable such event retroactive to the record date, if any, for such event.

Stock Dividends; Stock Splits; Reverse Stock Splits; Reclassifications. In case Covalent If the Company shall after the date hereof (i) pay a dividend in shares of Common Stock or make any other distribution with respect to Covalent its Common Stock in shares of its capital stockCommon Stock, (ii) subdivide its outstanding Covalent Common Stock, (iii) combine its outstanding Covalent Common Stock into a smaller number of shares, or (iv) issue any shares of its capital stock Common Stock in a reclassification of the Covalent StockCommon Stock (including any such reclassification in connection with a merger, consolidation or other business combination in which the Company is the continuing corporation), then the number of Covalent Conversion Shares automatically converted shares of Common Stock issuable upon exercise of a Remedium Option after Closing (“Exercise”) each Warrant immediately prior to the record date for such dividend or distribution or the effective date of such subdivision or combination shall be adjusted so that the Option Holders Holder of each Warrant shall thereafter be entitled after the completion of each such event to receive upon Exercise the kind and number of shares of Covalent Common Stock or other securities or property (including cash) of Covalent the Company that the Option Holders such Holder would have owned or have been entitled to receive after the happening of each such eventany of the events described above, had such Exercise occurred Warrant been exercised immediately prior to the happening of each such event or any record date with respect thereto. Each An adjustment made pursuant to this Section 1.04(a)(i8(a) shall become effective immediately after the effective date of the applicable such event retroactive to the record date, if any, for such event.