Common use of Exercise Price Adjustment Clause in Contracts

Exercise Price Adjustment. In case of any ------------------------- reclassification, redesignation or reorganization described in Section 4.1 or any Combination described in Section 4.2, the Exercise Price of one Warrant after such reclassification, redesignation, reorganization or Combination will equal (i) if the Warrants are exercisable into stock only, the per share par value of such stock multiplied by the number of shares of stock into which one Warrant is exercisable, (ii) if the Warrants are exercisable for cash or property only, an amount equal to a fraction the numerator of which is the amount of cash or Fair Market Value of property into which one Warrant is exercisable and the denominator of which is the amount of cash or Fair Market Value of property one share of Common Stock was exchanged for in such Combination and (iii) if the Warrants are exercisable for cash or property and stock, an amount equal to the Exercise Price determined by clause (i) above with respect to the stock portion and the Exercise Price determined by clause (ii) with respect to the cash or property portion.

Exercise Price Adjustment. In case of any ------------------------- reclassification, redesignation or reorganization described in Section 4.1 or any Combination described descried in Section 4.2, the Exercise Price of one Warrant after such reclassification, redesignation, reorganization or Combination will equal (i) if the Warrants are exercisable into stock only, the per share par value of such stock multiplied by the number of shares of stock into which one Warrant is exercisable, (ii) if the Warrants are exercisable for cash or property only, an amount equal to a fraction the numerator of which is the product of $1.00 and the Fair Market Value of amount of cash or Fair Market Value of property into which one Warrant is exercisable and the denominator of which is the amount of cash or Fair Market Value of property one share of Common Stock was exchanged for in such Combination and (iii) if the Warrants are exercisable for cash or property and stock, an amount equal to the Exercise Price determined by clause (i) above with respect to the stock portion and the Exercise Price determined by clause (ii) with respect to the cash or property portion.

Exercise Price Adjustment. In case of any ------------------------- reclassification, ------------------------- redesignation or reorganization described in Section 4.1 or any Combination described in Section 4.2, the Exercise Price of one Warrant after such reclassification, redesignation, reorganization or Combination will equal (i) if the Warrants are exercisable into stock only, the per share par value of such stock multiplied by the number of shares of stock into which one Warrant is exercisable, (ii) if the Warrants are exercisable for cash or property only, an amount equal to a fraction the numerator of which is the amount of cash or Fair Market Value of property into which one Warrant is exercisable and the denominator of which is the amount of cash or Fair Market Value of property one share of Common Stock was exchanged for in such Combination and (iii) if the Warrants are exercisable for cash or property and stock, an amount equal to the Exercise Price determined by clause (i) above with respect to the stock portion and the Exercise Price determined by clause (ii) with respect to the cash or property portion.