Common use of Amendment of Warrants Clause in Contracts

Amendment of Warrants. The Company and the Purchaser hereby agree to amend the Warrants so that the exercise price thereof shall be the lesser of (i) $4.6625 per share and (ii) the lowest five consecutive trading day average of the Company's common share price (based an last sales prices) during the period commencing on (and including) June 14, 1999 to (but excluding) July 31, 2000 (subject to adjustment as provided therein). Such amendment may take the form of a replacement warrant certificate (the "Replacement Warrant"). Concurrently with or promptly after receipt of the Replacement Warrant, the Purchaser shall deliver the current warrant certificate to the Company for cancellation.

Amendment of Warrants. The Company and the Purchaser hereby agree to amend the Warrants so that the exercise price thereof shall be the lesser of (i) $4.6625 6.25 per share and (ii) the lowest five consecutive trading day average of the Company's common share price (based an on last sales prices) during the six month period commencing on (and including) June 14, 1999 to (but excluding) July 31, 2000 the date hereof (subject to adjustment as provided therein). Such amendment may take the form of a replacement warrant certificate (the "Replacement Warrant"). Concurrently with or promptly after receipt of the Replacement Warrant, the The Purchaser shall deliver the current warrant certificate to the Company for cancellation.