Common use of Cash Dividend Clause in Contracts

Cash Dividend. If the Company makes any cash dividend or distribution during any quarterly fiscal period (excluding any cash distributions in connection with the Company’s liquidation, dissolution or winding up) to all or substantially all holders of Common Stock, the number of Warrant Shares for which this Warrant is exercisable will be adjusted based on the following formula: NS’ = NS0 × SP0______ SP0 - C where, NS’ = the number of Warrant Shares for which this Warrant is exercisable in effect immediately after the record date for such distribution NS0 = the number of Warrant Shares for which this Warrant is exercisable in effect immediately prior to the record date for such distribution SP0 = the Market Price per share of the Common Stock on the last Trading Day immediately preceding the first date on which the Common Stock trades regular way without the right to receive such distribution C = the amount in cash per share the Company distributes to holders of Common Stock. Such adjustment shall become effective immediately after 5:00 p.m., New York City time, on the date fixed for the determination of stockholders entitled to receive such distribution. No adjustment shall be made pursuant to this Section 6.5 which shall have the effect of decreasing the number of Warrant Shares issuable upon exercise of this Warrant.

Cash Dividend. If the Company makes any cash dividend or distribution during any quarterly fiscal period (excluding any cash distributions in connection with the Company’s liquidation, dissolution or winding up) to all or substantially all holders of Common Stock, the number of Warrant Shares for which this Warrant is exercisable will be adjusted based on the following formula: NS’ = NS0 × SP0______ SP0 SP0 - C where, NS’ = the number of Warrant Shares for which this Warrant is exercisable in effect immediately after the record date for such distribution NS0 = the number of Warrant Shares for which this Warrant is exercisable in effect immediately prior to the record date for such distribution SP0 = the Market Price per share of the Common Stock on the last Trading Day immediately preceding the first date on which the Common Stock trades regular way without the right to receive such distribution C = the amount in cash per share the Company distributes to holders of Common Stock. Such adjustment shall become effective immediately after 5:00 p.m., New York City time, on the date fixed for the determination of stockholders entitled to receive such distribution. No adjustment shall be made pursuant to this Section 6.5 which shall have the effect of decreasing the number of Warrant Shares issuable upon exercise of this Warrant.

Cash Dividend. If the Company makes any cash dividend or distribution during any quarterly fiscal period (excluding any cash distributions in connection with the Company’s liquidation, dissolution or winding up) or distribution during any quarterly fiscal period to all or substantially all holders of Common Stock, the number of Warrant Shares for which this Warrant is exercisable will be adjusted based on the following formula: NS’ = NS0 × SP0______ x SP0 - SP0 – C where, NS’ = the number of Warrant Shares for which this Warrant is exercisable in effect immediately after the record date for such distribution NS0 = the number of Warrant Shares for which this Warrant is exercisable in effect immediately prior to the record date for such distribution SP0 = the Market Price per share of the Common Stock on the last Trading Day immediately preceding the first date on which the Common Stock trades regular way without the right to receive such distribution C = the amount in cash per share the Company distributes to holders of Common Stock. Stock Such adjustment shall become effective immediately after 5:00 p.m., New York City time, on the date fixed for the determination of stockholders entitled to receive such distributiondetermination. No adjustment shall be made pursuant to this Section 6.5 6.4 which shall have the effect of decreasing the number of Warrant Shares issuable upon exercise of this Warrant.

Cash Dividend. If the Company makes any cash dividend or distribution during any quarterly fiscal period (excluding any cash distributions in connection with the Company’s liquidation, dissolution or winding up) or distribution during any quarterly fiscal period to all or substantially all holders of Common Stock, the number of Warrant Shares for which this Warrant is exercisable will be adjusted based on the following formula: NS’ = NS0 × SP0______ SP0 x XX0 XX0 - C where, NS’ = the number of Warrant Shares for which this Warrant is exercisable in effect immediately after the record date for such distribution NS0 = the number of Warrant Shares for which this Warrant is exercisable in effect immediately prior to the record date for such distribution SP0 = the Market Price per share of the Common Stock on the last Trading Day immediately preceding the first date on which the Common Stock trades regular way without the right to receive such distribution C = the amount in cash per share the Company distributes to holders of Common Stock. Such adjustment shall become effective immediately after 5:00 p.m., New York City time, on the date fixed for the determination of stockholders entitled to receive such distributiondetermination. No adjustment shall be made pursuant to this Section 6.5 6.4 which shall have the effect of decreasing the number of Warrant Shares issuable upon exercise of this Warrant.

Cash Dividend. If the Company makes any cash dividend or distribution during any quarterly fiscal period (excluding any cash distributions in connection with the Company’s liquidation, dissolution or winding up) or distribution during any quarterly fiscal period to all or substantially all holders of Common Stock, the number of Warrant Shares for which this Warrant is exercisable will be adjusted based on the following formula: NS’ = NS0 × SP0______ x SP0 - SP0 – C where, NS’ = the number of Warrant Shares for which this Warrant is exercisable in effect immediately after the record date for such distribution NS0 = the number of Warrant Shares for which this Warrant is exercisable in effect immediately prior to the record date for such distribution SP0 = the Market Price per share of the Common Stock on the last Trading Day immediately preceding the first date on which the Common Stock trades regular way without the right to receive such distribution C = the amount in cash per share the Company distributes to holders of Common Stock. Such adjustment shall become effective immediately after 5:00 p.m., New York City time, on the date fixed for the determination of stockholders entitled to receive such distributiondetermination. No adjustment shall be made pursuant to this Section 6.5 6.4 which shall have the effect of decreasing the number of Warrant Shares issuable upon exercise of this Warrant.