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Protection Against Dilution, Etc. In any of the following events, occurring after the date of the issuance of this Warrant, appropriate adjustment shall be made in the number of shares of the Common Stock to be deliverable upon the exercise of the Warrant and the purchase price per share of the Common Stock to be paid, so as to maintain the proportionate interest of the Holder as of the date hereof # recapitalization of the Company through a split-up or reverse split of the outstanding shares of the Common Stock into a greater or lesser number, as the case may be, or # declaration of a dividend on the shares of the Common Stock, payable in shares of the Common Stock or other securities of the Company convertible into shares of the Common Stock, or # any of the events described in Paragraph 4 hereof.

Protection Against Dilution, Etc.

#In the event that the outstanding shares of Common Stock are changed into a different number of shares of Common Stock by reason of any recapitalization, reclassification, stock split-up, combination of shares or dividend payable in shares of the following events, occurring after the date of the issuance of this Warrant,Company or an otherwise similar event, appropriate adjustment shall be made in the number and kind of shares of the Common Stock to be deliverable upon the exercise of the Warrant and the purchase price per share of the Common Stock to be paid, sosecurities as to maintainwhich this Warrant shall be exercisable, to the end that the proportionate interest of the Holder asimmediately after the occurrence of such event shall equal the proportionate interest of the date hereof # recapitalizationHolder immediately before the occurrence of such event. Such adjustment shall be made without change in the Company throughtotal Exercise Price applicable to this Warrant but with a split-up or reverse split ofcorresponding adjustment in the outstanding shares of the Common Stock into a greater or lesser number, as the case may be, or # declaration of a dividend on the shares of the Common Stock, payable in shares of the Common Stock or other securities of the Company convertible into shares of the Common Stock, or # any of the events described in Paragraph 4 hereof.per share Exercise Price evidenced by this Warrant.

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