Common use of SPLITS, SUBDIVISIONS AND DIVIDENDS Clause in Contracts

SPLITS, SUBDIVISIONS AND DIVIDENDS. In the event the Company should at any time or from time to time fix a record date for the effectuation of a split or subdivision of the outstanding Shares of Common Stock or the determination of the holders of Common Stock entitled to receive a dividend or other distribution payable in additional Shares of Common Stock or other securities or rights convertible into, or entitling the holder thereof to receive directly or indirectly, additional Shares of Common Stock (hereinafter referred to as the "Common Stock Equivalents") without payment of any consideration by such holder for the additional Shares of Common Stock or Common Stock Equivalents (including the additional Shares of Common Stock issuable upon conversion or exercise thereof), then, as of such record date (or the date of such distribution, split or subdivision if no record date is fixed), the per share Warrant Price shall be appropriately decreased and the number of Shares shall be appropriately increased in proportion to such increase of outstanding shares so that the Warrantholder would have the number of shares to which a holder of the Shares deliverable upon exercise of the Warrants would have been entitled had the warrants been exercised immediately prior to such split, subdivision or dividend for the same aggregate price as would have been paid immediately prior to such split, subdivision or dividend.

SPLITS, SUBDIVISIONS AND DIVIDENDS. In the event the Company should at any time or from time to time fix a record date for the effectuation of a split or subdivision of the outstanding Shares of Common Preferred Stock or the determination of the holders of Common Preferred Stock entitled to receive a dividend or other distribution payable in additional Shares of Common Preferred Stock or other securities or rights convertible into, or entitling the holder thereof to receive directly or indirectly, additional Shares of Common Preferred Stock (hereinafter referred to as the "Common Preferred Stock Equivalents") without payment of any consideration by such holder for the additional Shares of Common Preferred Stock or Common Preferred Stock Equivalents (including the additional Shares of Common Preferred Stock issuable upon conversion or exercise thereof), then, as of such record date (or the date of such distribution, split or subdivision if no record date is fixed), the per share Warrant Price shall be appropriately decreased and the number of Shares shall be appropriately increased in proportion to such increase of outstanding shares so that the Warrantholder would have the number of shares to which a holder of the Shares deliverable upon exercise of the Warrants would have been entitled had the warrants been exercised immediately prior to such split, subdivision or dividend for the same aggregate price as would have been paid immediately prior to such split, subdivision or dividend.