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Capital Changes. Subject to any required action by the stockholders of the Company, the number of shares of Common Stock covered by each option under this Plan which has not yet been exercised and the number of shares of Common Stock which have been authorized for issuance under this Plan but have not yet been placed under option (collectively, the "Reserves"), as well as the price per share of Common Stock covered by each option under this Plan which has not yet been exercised, shall be proportionately adjusted for any increase or decrease in the number of issued and outstanding shares of Common Stock of the Company resulting from a stock split or the payment of a stock dividend (but only on the Common Stock) or any other increase or decrease in the number of issued and outstanding shares of Common Stock effected without receipt of any consideration by the Company; provided, however, that conversion of any convertible securities of the Company shall not be deemed to have been "effected without receipt of consideration". The Administrator, whose determination shall be final, binding and conclusive, shall make such adjustment. Except as expressly provided herein, no issue by the Company of shares of stock of any class, or securities convertible into shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number or Option Price of shares of Common Stock subject to an Option.

Capital Changes.ADJUSTMENTS UPON CHANGES IN CAPITALIZATION OR MERGER. Subject to any required action by the stockholders of the Company, the number of shares of Common Stock covered by each option under this Plan which has not yet been exercisedoutstanding Option, and the number of shares of Common Stock which have been authorized for issuance under thisthe Plan but as to which no Options have not yet been placed under option (collectively,granted or which have been returned to the "Reserves"),Plan upon cancellation or expiration of an Option, as well as the price per share of Common Stock covered by each option under this Plan which has not yet been exercised,such outstanding Option, shall be proportionately adjusted for any increase or decrease in the number of issued and outstanding shares of Common Stock of the Company resulting from a stock split or the payment of a stock dividend (but only onwith respect to the Common Stock)Stock or any other increase or decrease in the number of issued and outstanding shares of Common Stock effected without receipt of any consideration by the Company; provided, however, that conversion of any convertible securities of the Company shall not be deemed to have been "effected“effected without receipt of consideration". The Administrator,consideration.” Such adjustment shall be made by the Board, whose determination in that respect shall be final, binding and conclusive, shall make such adjustment.conclusive. Except as expressly provided herein, no issueissuance by the Company of shares of stock of any class, or securities convertible into shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number or Option Priceprice of shares of Common Stock subject to an Option.

Capital Changes.Changes in Capitalization. Subject to any required action by the stockholdersshareholders of the Company, the number of shares of Common Stock covered by each option under this Plan which has not yet been exercised and, the number of shares of Common Stock which have been authorized for issuance under thisthe Plan but as to which have not yet been placed under option (collectively, the "Reserves"), as well as the price per share of Common Stock covered by each option under this Plan which has not yet been exercised,granted, shall be proportionately adjusted for any increase or decrease in the number of issued and outstanding shares of Common Stock of the Company resulting from a stock splitsplit, reverse stock split, stock dividend, combination or the paymentreclassification of a stock dividend (but only on the Common Stock)Stock, or any other increase or decrease in the number of issued and outstanding shares of Common Stock effected without receipt of any consideration by the Company;; provided, however, that conversion of any convertible securities of the Company shall not be deemed to have been "effected without receipt of consideration". The Administrator,consideration." Such adjustment shall be made by the Board, whose determination in that respect shall be final, binding and conclusive, shall make such adjustment.conclusive. Except as expressly provided herein, no issueissuance by the Company of shares of stock of any class, or securities convertible into shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number or Option Priceprice of shares of Common Stock subject to an Option.the Plan.

Capital Changes.Changes in Capitalization. Subject to any required action by the stockholdersshareholders of the Company, the number of shares of Common Stock covered by each option under this Plan which has not yet been exercised and, the number of shares of Common Stock which have been authorized for issuance under thisthe Plan but as to which have not yet been placed under option (collectively, the "Reserves"), as well as the price per share of Common Stock covered by each option under this Plan which has not yet been exercised,granted, shall be proportionately adjusted for any increase or decrease in the number of issued and outstanding shares of Common Stock of the Company resulting from a stock splitsplit, reverse stock split, stock dividend, combination or the paymentreclassification of a stock dividend (but only on the Common Stock)Stock, or any other increase or decrease in the number of issued and outstanding shares of Common Stock effected without receipt of any consideration by the Company;; provided, however, that conversion of any convertible securities of the Company shall not be deemed to have been "effected“effected without receipt of consideration". The Administrator,consideration.” Such adjustment shall be made by the Board, whose determination in that respect shall be final, binding and conclusive, shall make such adjustment.conclusive. Except as expressly provided herein, no issueissuance by the Company of shares of stock of any class, or securities convertible into shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number or Option Priceprice of shares of Common Stock subject to an Option.the Plan.

Capital Changes.Changes in Capitalization. Subject to any action required actionunder the Applicable Laws by the stockholders of the Company, the number of shares of Common StockShares covered by each option under this Plan which has not yet been exercisedoutstanding Award, and the number of shares of Common Stock whichShares that have been authorized for issuance under thisthe Plan but as to which no Awards have not yet been placed under option (collectively,granted or that have been returned to the "Reserves"),Plan upon cancellation, expiration, repurchase, or forfeiture of an Award, as well as the price per share of Common StockShare covered by each option under this Plan which has not yet been exercised,outstanding Award, shall be proportionately adjusted for any increase or decrease in the number of issued and outstanding shares of Common Stock of the CompanyShares resulting from a stock splitsplit, reverse stock split, stock dividend, combination, recapitalization or the paymentreclassification of a stock dividend (but only on the Common Stock)Stock, or any other increase or decrease in the number of issued and outstanding shares of Common StockShares effected without receipt of any consideration by the Company; provided, however, that conversion of any convertible securities of the Company shall not be deemed to have been "effected“effected without receipt of consideration". Theconsideration.” Such adjustment shall be made by the Administrator, whose determination in that respect shall be final, binding and conclusive, shall make such adjustment.conclusive. Except as expressly provided herein, no issueissuance by the Company of shares of stock of any class, or securities convertible into shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number or Option Priceprice of shares of Common StockShares subject to an Option.Award.

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