Common use of Subdivision, Stock Dividends or Combinations Clause in Contracts

Subdivision, Stock Dividends or Combinations. In case the Company shall at any time subdivide the outstanding shares of the Warrant Stock or shall issue a stock dividend with respect to the Warrant Stock, the Warrant Price in effect immediately prior to such subdivision or the issuance of such dividend shall be proportionately decreased, and in case the Company shall at any time combine the outstanding shares of the Warrant Stock, the Warrant Price in effect immediately prior to such combination shall be proportionately increased, effective at the close of business on the date of such subdivision, dividend or combination, as the case may be. When any adjustment is required to be made to the Warrant Price, the number of shares of Warrant Stock purchasable upon the exercise of this Warrant shall be changed to the number determined by dividing (i) an amount equal to the number of shares issuable upon the exercise of this Warrant immediately prior to such adjustment multiplied by the Warrant Price in effect immediately prior to such adjustment by (ii) the Warrant Price in effect immediately after such adjustment.

Subdivision, Stock Dividends or Combinations. In case the Company shall at any time subdivide the outstanding shares of the Warrant Common Stock or shall issue a stock dividend with respect to the Warrant Common Stock, the Warrant Price in effect immediately prior to such subdivision or the issuance of such dividend shall be proportionately decreased, and in case the Company shall at any time combine the outstanding shares of the Warrant Common Stock, the Warrant Price in effect immediately prior to such combination shall be proportionately increased, in each case effective at the close of business on the date of such subdivision, dividend or combination, as the case may be. When any adjustment is required to be made to the Warrant Price, the number of shares of Warrant Stock purchasable upon the exercise of this Warrant shall be changed to the number determined by dividing (i) an amount equal to the number of shares issuable upon the exercise of this Warrant immediately prior to such adjustment adjustment, multiplied by the Warrant Price in effect immediately prior to such adjustment adjustment, by (ii) the Warrant Price in effect immediately after such adjustment. The provisions of this Section 3(a) shall similarly apply to successive subdivisions and combinations.