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

Subdivisions, Combinations and Stock Dividends. If the Company shall at any time prior to the expiration of this Warrant subdivide its outstanding shares of Common Stock, by split-up or otherwise, or combine its outstanding shares of Common Stock, or issue additional shares of its Common Stock as a dividend on its Common Stock, the number of Shares issuable on the exercise of this Warrant shall forthwith be proportionately increased in the case of a subdivision or stock dividend, or proportionately decreased in the case of a combination. Appropriate adjustments shall also be made to the purchase price payable per share, but the aggregate purchase price payable for the total number of Shares purchasable under this Warrant (as adjusted) shall remain the same.

Appears in 3 contracts

Sources: Warrant Agreement (Iq Biometrix Inc), Warrant Agreement (Iq Biometrix Inc), Warrant Agreement (Iq Biometrix Inc)