Common use of Forward Stock Split Clause in Contracts

Forward Stock Split. If (i) outstanding shares of Common ---------------------------------------- Stock are subdivided into a greater number of shares by reason of recapitalization or reclassification, or (ii) a dividend in Common Stock shall be paid or distributed in respect of the Common Stock, then the number of Warrant Shares which a Holder is entitled to purchase under this Warrant shall, simultaneously with the effectiveness of such subdivision or immediately after the record date of such dividend, be proportionately increased, and the Warrant Price for such Warrant Shares 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 decreased. If outstanding shares of Common Stock are combined into a lesser number of shares by reason of combination or reverse stock split, then the number of Warrant Shares which a Holder is entitled to purchase under this Warrant shall, simultaneously with the effectiveness of such subdivision or immediately after the record date of such dividend, be proportionately decreased, and the Warrant Price for such Warrant Shares in effect immediately prior to such combination shall, simultaneously with the effectiveness of such combination, be proportionately increased.