Common use of ADJUSTMENT OF WARRANT PRICE AND NUMBER OF SHARES OF COMMON STOCK Clause in Contracts

ADJUSTMENT OF WARRANT PRICE AND NUMBER OF SHARES OF COMMON STOCK. The number and kind of securities purchasable upon the exercise of this Warrant and the Warrant Price shall be subject to adjustment from time to time as follows: (a) if the Company shall (i) subdivide its outstanding shares of Common Stock, (ii) combine its outstanding shares of Common Stock into a smaller number of shares, or (iii) issue by reclassification of its shares of Common Stock any shares or other securities of the Company, then, in each such event, the number of shares of Common Stock purchasable upon exercise of this Warrant immediately prior thereto, shall be adjusted so that the holder of this Warrant shall be entitled to receive after the occurrence of any of the events described above, had such Warrant been exercised immediately prior to the occurrence of such event (or any record date with respect thereto). Such adjustment shall be made whenever any of the events listed above shall occur. An adjustment made pursuant to this paragraph (a) shall become effective immediately after the effective date of the event retroactive to the record date, if any, for such event. (b) Upon a Change in Control (as defined below) of the Company at any time during the period commencing on the date hereof and continuing for 12 months thereafter the Warrant Price shall be reduced to $1.25 per share of Common Stock. (A) For purposes of this Warrant, a "Change in Control" shall mean: