Common use of Adjustment of the Exercise Price for Options or Convertible Securities Issuances Clause in Contracts

Adjustment of the Exercise Price for Options or Convertible Securities Issuances. In the event the Company shall at any time after the date hereof issue Additional Shares of Common Stock deemed to be issued pursuant to Subsection 3(b)(i), without consideration or for a consideration per share less than the Exercise Price in effect immediately prior to such issue, then the Exercise Price shall be reduced, concurrently with such issue, to a price (calculated to the nearest one-hundredth of a cent) determined in accordance with the formula set forth in Section 3(b)(ii)(D).