Common use of Stock Splits and Dividends Clause in Contracts

Stock Splits and Dividends. If the Company shall, at any time or from time to time while Warrants are outstanding, pay a dividend or make a distribution on its Common Stock in shares of Common Stock, subdivide its outstanding shares of Common Stock into a greater number of shares or combine its outstanding shares of Common Stock into a smaller number of shares or issue by reclassification of its outstanding shares of Common Stock any shares of its capital stock (including any such reclassification in connection with a consolidation or merger in which the Company is the continuing corporation), then the Warrant Share Exercise Price and the number of Warrant Shares in effect immediately prior to the date upon which such change shall become effective shall be adjusted by the Company so that the Holder shall be entitled to receive the number of shares of Common Stock or other capital stock which such Holder would have received immediately following such event had this Warrant been exercised immediately prior to such event. Such adjustments shall be made successively whenever any event listed above shall occur.

Stock Splits and Dividends. If the Company shall, at any time or from time to time while Warrants are outstanding, pay a dividend or make a distribution on its Common Stock in shares of Common Stock, subdivide its outstanding shares of the Company’s Common Stock shall be subdivided into a greater number of shares or combine its a dividend in Common Stock shall be paid in respect of Common Stock, the Exercise Price in effect immediately prior to such subdivision or at the record date of such dividend shall, simultaneously with the effectiveness of such subdivision or immediately after the record date of such dividend, be proportionately reduced and the number of Warrant Stock issuable upon exercise of the Warrant shall be proportionately increased. If the outstanding shares of Common Stock shall be combined into a smaller number of shares or issue by reclassification of its outstanding shares of Common Stock any shares of its capital stock (including any such reclassification in connection with a consolidation or merger in which shares, the Company is the continuing corporation), then the Warrant Share Exercise Price and the number of Warrant Shares in effect immediately prior to such combination shall, simultaneously with the date upon which effectiveness of such change shall become effective shall combination, be adjusted by the Company so that the Holder shall be entitled to receive proportionately increased and the number of shares of Common Warrant Stock or other capital stock which such Holder would have received immediately following such event had this issuable upon exercise of the Warrant been exercised immediately prior to such event. Such adjustments shall be made successively whenever any event listed above shall occurproportionately decreased.