Common use of Adjustment For Certain Issuances Clause in Contracts

Adjustment For Certain Issuances. If, at any time after the date -------------------------------- hereof, pursuant to a transaction conducted for equity financing purposes, the Company shall issue or sell any additional shares of Common Stock or securities convertible into or exchangeable or exercisable for Common Stock for a consideration per share or having a conversion price or exchange price, either initially or after any subsequent adjustment to such price (not including adjustments made in transactions referenced in subsections 9(a) and (b) of this Warrant), less than the then-applicable Purchase Price, such Purchase Price shall be reduced, as of the date of such issuance or sale, to a price equal to the consideration per share or conversion price or exchange price, whichever is applicable.

Appears in 2 contracts

Sources: Warrant Agreement (Mpath Interactive Inc/Ca), Warrant Agreement (Mpath Interactive Inc/Ca)