Common use of Exceptions to Adjustment of Conversion Price Clause in Contracts

Exceptions to Adjustment of Conversion Price. No -------------------------------------------- adjustment to the Conversion Price will be made (i) upon the exercise of any warrants, options or convertible securities issued and outstanding on the date hereof in accordance with the terms of such securities as of such date; (ii) upon the issuance of Notes in accordance with terms of the Securities Purchase Agreement; or (iii) upon the exercise of the Notes.

Exceptions to Adjustment of Conversion Price. No adjustment -------------------------------------------- adjustment to the Conversion Price will be made (i) upon the exercise of any warrants, options or convertible securities issued and outstanding on the date hereof First Closing Date in accordance with the terms of such securities as of such date; (ii) upon the issuance of the Sale Shares, the Notes or the Warrants in accordance with terms of the Securities Purchase this Agreement; or (iii) upon the exercise of the Warrants or conversion of the Notes.,

Exceptions to Adjustment of Conversion Price. No -------------------------------------------- adjustment to the Conversion Price will be made (i) upon the exercise of any warrants, options or convertible securities issued and outstanding on the date hereof First Closing Date in accordance with the terms of such securities as of such date; (ii) upon the issuance of the Sale Shares, the Notes or the Warrants in accordance with terms of the Securities Purchase this Agreement; or (iii) upon the exercise of the Warrants or conversion of the Notes.,