Common use of Stock Dividends, Subdivisions and Combinations of Shares Clause in Contracts

Stock Dividends, Subdivisions and Combinations of Shares. If after the date hereof the number of outstanding shares of Common Stock is increased by a share dividend or share distribution to all holders of Common Stock, in each case payable in shares of Common Stock, or a subdivision, combination or other reclassification of shares of Common Stock occurs, then, in any such event, the number of shares of Common Stock issuable for each Warrant will be adjusted as follows: The number of Warrant Shares issuable pursuant to a valid exercise or conversion of Warrants shall be adjusted so that each Holder shall be entitled to receive upon the exercise or conversion of its Warrant the number of Warrant Shares that such Holder would have owned or would have been entitled to receive upon or by reason of such event had such Warrant been exercised or converted immediately prior to the occurrence of such event. Any adjustment made pursuant to this Section 6(a) shall become effective (i) in the case of any such dividend or distribution, at the close of business on the record date for the determination of holders of shares of Common Stock entitled to receive such dividend or distribution or (ii) in the case of any such subdivision, combination or reclassification, at the open of business on the date on which such corporate action becomes effective.

Stock Dividends, Subdivisions and Combinations of Shares. If after the date hereof the number of outstanding shares of Common Stock is increased by a share dividend or share distribution to all holders of Common Stock, in each case payable in shares of Common Stock, or a subdivisionsplit, subdivision or combination or other reclassification of shares of Common Stock occurs, then, in any such event, the number of shares of Common Stock Warrant Shares issuable for each Warrant will be adjusted as follows: The the number of Warrant Shares issuable pursuant to a valid exercise or conversion of Warrants immediately prior to such event shall be adjusted so that each Holder shall be entitled to receive upon the exercise or conversion of its Warrant the number of Warrant Shares that such Holder would have owned or would have been entitled to receive upon or by reason of such event had such Warrant been exercised or converted immediately prior to the occurrence of such eventevent (without taking into account any limitations or restrictions on the exercisability of the Warrants). Any adjustment made pursuant to this Section 6(a6(b) shall become effective (i) in the case of any such dividend or distribution, at the close of business on the record date for the determination of holders of shares of Common Stock entitled to receive such dividend or distribution or (ii) in the case of any such subdivisionsplit, combination subdivision or reclassificationcombination, at the open of business on the date on which such corporate action becomes effective.