Common use of Initial and Adjusted Exercise Price Clause in Contracts

Initial and Adjusted Exercise Price. The initial exercise price shall be $2.00 per share of Common Stock. The adjusted exercise price shall be the price that shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 hereof.

Initial and Adjusted Exercise Price. The Except as otherwise provided in Section 11 hereof, the initial exercise price of each Warrant shall be $2.00 1.44 per share of Common Stock. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 11 hereof.

Initial and Adjusted Exercise Price. The initial exercise price of each Warrant shall be $2.00 .01 per share of Common StockShare. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 Article 7 hereof.

Initial and Adjusted Exercise Price. The initial exercise price of each Warrant shall be $2.00 [ ] per share of Common StockShare. The adjusted exercise price per Share shall be the price that prices which shall result from time to time from any and all adjustments of the initial exercise price per Share in accordance with the provisions of Section 6 Article 8 hereof.

Initial and Adjusted Exercise Price. The initial exercise price of each Warrant shall be $2.00 9.90 per share of Common StockShare. The adjusted exercise price per Share shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price per Share in accordance with the provisions of Section 6 Article 8 hereof.

Initial and Adjusted Exercise Price. The initial exercise price of each Warrant shall be $2.00 8.25 per share of Common StockShare and $.165 per Underlying Warrant. The adjusted exercise price per Share and the adjusted exercise price per Underlying Warrant shall be the price that prices which shall result from time to time from any and all adjustments of the initial exercise price per Share or per Underlying Warrant, as the case may be, in accordance with the provisions of Section 6 Article 8 hereof.

Initial and Adjusted Exercise Price. The initial exercise price of each Warrant shall be $2.00 0.05 per share of Common StockShare. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 hereofthe Article.

Initial and Adjusted Exercise Price. The initial exercise price Exercise Price of each Warrant shall be $2.00 4.80 per share of Common StockShare. The adjusted exercise price Exercise Price per Share shall be the price that prices which shall result from time to time from any and all adjustments of the initial exercise price Exercise Price per Share in accordance with the provisions of Section 6 Article 8 hereof.

Initial and Adjusted Exercise Price. The initial exercise price of the Warrant shall be equal to five cents ($2.00 .05) per share of Common Stockshare. The adjusted exercise price shall be the price that shall which may result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 Article 7 hereof, if any such adjustments are required by Article 7.

Initial and Adjusted Exercise Price. The initial exercise price of each Option shall be $2.00 .25 per share of Common StockShare. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 Article 7 hereof.

Initial and Adjusted Exercise Price. The initial exercise price of each Warrant shall be $2.00 2.77 per share of Common Stock. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 9 hereof.

Initial and Adjusted Exercise Price. The initial exercise price of each Warrant shall be $2.00 [________] per share of Common Stock. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 8 hereof.

Initial and Adjusted Exercise Price. The initial exercise price of each Warrant shall be Five Dollars ($2.00 5.00) per share of Common Stockcommon stock. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 8 hereof.

Initial and Adjusted Exercise Price. The initial exercise price prices of each Warrant shall be $2.00 0.625 per share of Common StockShare. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 Article 8 hereof.

Initial and Adjusted Exercise Price. The initial exercise price of each Warrant shall be $2.00 $ per share of Common StockShare. The adjusted exercise price Exercise Price per Share shall be the price that prices which shall result from time to time from any and all adjustments of the initial exercise price Exercise Price per Share in accordance with the provisions of Section 6 Article 8 hereof.

Initial and Adjusted Exercise Price. The initial exercise price of each Warrant shall be $2.00 ____ per share of Common StockShare. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 Article 8 hereof.

Initial and Adjusted Exercise Price. The initial exercise price of each Warrant shall be $2.00 _____ per share of Common Warrant Stock. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 8 hereof.

Initial and Adjusted Exercise Price. The initial exercise price of each Warrant shall be $2.00 13.20 per share of Common StockShare. The adjusted exercise price per Share shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price per Share in accordance with the provisions of Section 6 Article 8 hereof.

Initial and Adjusted Exercise Price. The initial exercise price of each Warrant shall be $2.00 4.12 per share of Common StockShare. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 Article 8 hereof.

Initial and Adjusted Exercise Price. The (a) Except as otherwise provided in Section 8 hereof, the initial exercise price of each Warrant shall be $2.00 0.___ per share of Common Stock. . (b) The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 8 hereof.

Initial and Adjusted Exercise Price. The initial exercise price shall of each Warrant will be $2.00 $ per share of Common StockShare. The adjusted exercise price shall Exercise Price per Share will be the price prices that shall will result from time to time from any and all adjustments of the initial exercise price Exercise Price per Share in accordance with the provisions of Section 6 Article 7 hereof.

Initial and Adjusted Exercise Price. The initial exercise price Exercise Price of each Warrant shall be $2.00 [$ ] per share of Common StockShare. The adjusted exercise price Exercise Price per Share shall be the price that prices which shall result from time to time from any and all adjustments of the initial exercise price Exercise Price per Share in accordance with the provisions of Section 6 Article 8 hereof.

Initial and Adjusted Exercise Price. The Except as otherwise provided in Section 8 hereof, the initial exercise price of each Warrant shall be $2.00 7.0625 per share of Common Stock. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 8 hereof. Any transfer of a Warrant shall constitute an automatic transfer and assignment of the registration rights set forth in section 7 hereof with regard to the Common Stock, properties or rights underlying the Warrants.

Initial and Adjusted Exercise Price. The initial exercise price of each Warrant shall be $2.00 0.05 per share of Common StockShare. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 hereofthis Article.

Initial and Adjusted Exercise Price. The initial exercise price of each Warrant shall be $2.00 per share of Common StockShare. The adjusted exercise price per Share shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price per Share in accordance with the provisions of Section 6 Article 8 hereof.

Initial and Adjusted Exercise Price. The Except as otherwise provided in Section 8 hereof, the initial exercise price of each Warrant shall be U.S. $2.00 3.00 per share of Common Stock. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 8 hereof.

Initial and Adjusted Exercise Price. The initial exercise price Exercise Price of each Warrant shall be $2.00 6.00 per share of Common StockShare. The adjusted exercise price Exercise Price per Share shall be the price that prices which shall result from time to time from any and all adjustments of the initial exercise price Exercise Price per Share in accordance with the provisions of Section 6 Article 8 hereof.

Initial and Adjusted Exercise Price. The Except as otherwise provided in Section 8 hereof, the initial exercise price of each Warrant shall be $2.00 per share of Common Stock. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 8 hereof.

Initial and Adjusted Exercise Price. The Except as otherwise provided in Section 8 hereof, the initial exercise price of each Warrant shall be $2.00 [120% of IPO Price] per share of Common Stock. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 8 hereof.

Initial and Adjusted Exercise Price. The Except as otherwise provided in Section 8 hereof, the initial exercise price of each Underwriter Warrant shall be $2.00 8.25 per share of Common Stock. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 8 hereof.

Initial and Adjusted Exercise Price. The initial exercise price of each Warrant shall be $2.00 6.75 per share of Common StockShare and $.135 per Underlying Warrant. The adjusted exercise price per Share and the adjusted exercise price per Underlying Warrant shall be the price that prices which shall result from time to time from any and all adjustments of the initial exercise price per Share or per Underlying Warrant, as the case may be, in accordance with the provisions of Section 6 Article 8 hereof.

Initial and Adjusted Exercise Price. The Except as otherwise provided ----------------------------------- in Section 8 hereof, the initial exercise price of each Warrant shall be $2.00 0.25 per share of Common Stock. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 8 hereof.

Initial and Adjusted Exercise Price. The initial exercise price of each Warrant shall be $2.00 6.00 per share of Common StockShare. The adjusted exercise price Exercise Price per Share shall be the price that prices which shall result from time to time from any and all adjustments of the initial exercise price Exercise Price per Share in accordance with the provisions of Section 6 Article 8 hereof.

Initial and Adjusted Exercise Price. The Except as otherwise provided in Section 7 hereof, the initial exercise price of each Warrant shall be $2.00 0.002 per share of Common Stock. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 7 hereof.

Initial and Adjusted Exercise Price. The initial exercise price shall be $2.00 2.50 per share of Common Stock. The adjusted exercise price shall be the price that shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 hereof.

Initial and Adjusted Exercise Price. The initial exercise price of each Warrant shall be $2.00 6.60 per share of Common StockShare. The adjusted exercise price Exercise Price per Share shall be the price that prices which shall result from time to time from any and all adjustments of the initial exercise price Exercise Price per Share in accordance with the provisions of Section 6 8 hereof.

Initial and Adjusted Exercise Price. The initial exercise price of each Warrant shall be $2.00 0.0001 per share of Common Stock. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 9 hereof.

Initial and Adjusted Exercise Price. The initial exercise price of each Warrant shall be $2.00 _12.00_ per share of Common Stock. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 8 hereof.

Initial and Adjusted Exercise Price. The initial exercise price of each Warrant shall be $2.00 [ ] per share of Common StockShare. The adjusted exercise price Exercise Price per Share shall be the price that prices which shall result from time to time from any and all adjustments of the initial exercise price Exercise Price per Share in accordance with the provisions of Section 6 8 hereof.

Initial and Adjusted Exercise Price. The Except as otherwise provided in Section 8 hereof, the initial exercise price of each Warrant shall be $2.00 0.40 per share of Common Stock. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 8 hereof.

Initial and Adjusted Exercise Price. The initial exercise price of each Warrant shall be $2.00 US$1.00 per share of Common StockShare. The adjusted exercise price per Share shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price per Share in accordance with the provisions of Section 6 Article 8 hereof.

Initial and Adjusted Exercise Price. The Except as otherwise provided in Section 8 hereof, the initial exercise price of each Warrant for Common Stock, shall be $2.00 per share of Common Stock.50. The adjusted exercise price for Common Stock, shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 8 hereof.

Initial and Adjusted Exercise Price. The Except as otherwise provided in Section 8 hereof, the initial exercise price of each Warrant shall be $2.00 .69 per share of Common Stock. The adjusted exercise price shall be the price that price, which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 8 hereof.

Initial and Adjusted Exercise Price. The Except as otherwise provided in Section 8 hereof, the initial exercise price of each Warrant shall be $2.00 0.005 per share of Common Stock. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 8 hereof.

Initial and Adjusted Exercise Price. The Except as otherwise provided in Section 8 hereof, the initial exercise price with respect to the Initial Warrant Shares shall be $2.00 3.67 per share of Common Stock, and the initial exercise price with respect to the Additional Warrant Shares shall be equal to a 40% discount to the average of the bid price of the Common Stock for the 120 day period prior to any Closing, but in no event less than of $5.00 per share of Common Stock. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 8 hereof.

Initial and Adjusted Exercise Price. The initial exercise price of each Warrant shall be $2.00 0.55 per share of Common Stock. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 9 hereof.

Initial and Adjusted Exercise Price. The Except as otherwise provided in Section 8 hereof, the initial exercise price with respect to the Initial Warrant Shares shall be $2.00 11.00 per share of Common Stock, and the initial exercise price with respect to the Additional Warrant Shares shall be equal to a 40% discount to the average of the bid price of the Common Stock for the 60 day period prior any Closing, but in no event less than of $15.00 per share of Common Stock. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 8 hereof.

Initial and Adjusted Exercise Price. The Except as otherwise provided in Section 8 hereof, the initial exercise price of each Warrant shall be $2.00 10.00 per share of Common Stock. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 8 hereof.

Initial and Adjusted Exercise Price. The initial exercise price of each Warrant shall be $2.00 1.00 per share of Common StockShare. The adjusted exercise price per Share shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 Article 8 hereof.

Initial and Adjusted Exercise Price. The initial exercise price of each Warrant shall be $2.00 ___ per share of Common Stock. The adjusted exercise price of each Warrant shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 hereof.result

Initial and Adjusted Exercise Price. The initial exercise price of each Warrant shall be $2.00 ____ per share of Common Warrant Stock. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 8 hereof.

Initial and Adjusted Exercise Price. The Except as otherwise provided in Section 8 hereof, the initial exercise price of each Warrant shall be $2.00 8.00 per share of Common Stock. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 8 hereof.

Initial and Adjusted Exercise Price. The initial exercise price of each Warrant shall be $2.00 _____ per share of Common Stock. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 8 hereof.

Initial and Adjusted Exercise Price. The initial exercise price shall be $2.00 3.50 per share of Common Stock. The adjusted exercise price shall be the price that shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 hereof.

Initial and Adjusted Exercise Price. The initial exercise price of each Warrant shall be $2.00 7.25 per share of Common StockShare and $.145 per Underlying Warrant. The adjusted exercise price per Share and the adjusted exercise price per Underlying Warrant shall be the price that prices which shall result from time to time from any and all adjustments of the initial exercise price per Share or per Underlying Warrant, as the case may be, in accordance with the provisions of Section 6 Article 8 hereof.

Initial and Adjusted Exercise Price. The initial exercise price shall be $2.00 1.6875 per share of Common Stock. The adjusted exercise price shall be the price that shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 hereof.

Initial and Adjusted Exercise Price. The Except as otherwise provided in Section 8 hereof, the initial exercise price of each Warrant shall be $2.00 0.913 per share of Common Stock. The adjusted exercise price of each Warrant shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 8 hereof.

Initial and Adjusted Exercise Price. The Except as otherwise provided in Section 8 hereof, the initial exercise price of each Warrant shall be $2.00 .05 per share of Common Stock. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 8 hereof.

Initial and Adjusted Exercise Price. The initial exercise price shall be $2.00 3.125 per share of Common Stock. The adjusted exercise price shall be the price that shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 hereof.

Initial and Adjusted Exercise Price. The Except as otherwise provided in Section 11 hereof, the initial exercise price of each Warrant shall be $2.00 1.44 per share of Common Stock. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 11 hereof.. 9.2

Initial and Adjusted Exercise Price. The Except as otherwise provided in Section 8 hereof, the initial exercise price of each of the shares of Common Stock and Redeemable Warrants underlying the Underwriter's Warrants shall be $2.00 per share 7.20 (120% of Common Stockthe initial public offering prices) and $.30, respectively. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 8 hereof.

Initial and Adjusted Exercise Price. The initial exercise price of each Warrant shall be $2.00 $ per share of Common StockShare. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 Article 8 hereof.

Initial and Adjusted Exercise Price. The initial exercise price of each Option shall be $2.00 3.00 per share of Common StockShare. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 Article 7 hereof.

Initial and Adjusted Exercise Price. The initial exercise price of each Warrant shall be $2.00 24.00 per share of Common StockShare. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 Article 8 hereof.

Initial and Adjusted Exercise Price. The initial exercise price of each Warrant shall be $2.00 11.55 per share of Common StockShare. The adjusted exercise price per Share shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 hereof.of

Initial and Adjusted Exercise Price. The initial exercise price of each Warrant shall be $2.00 [ ] per share of Common StockShare. The adjusted exercise price per Share shall be the price that prices which shall result from time to time from any and all adjustments of the initial exercise price per Share in accordance with the provisions of Section 6 Article 7 hereof.

Initial and Adjusted Exercise Price. The Except as otherwise provided in Section 8 hereof, the initial exercise price of each Warrant shall be $2.00 4.3125 per share of Common Stock. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 8 hereof.

Initial and Adjusted Exercise Price. The Except as otherwise provided in Section 8 hereof, the initial exercise price of each Warrant shall be $2.00 1.06 per share of Common Stock. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 8 hereof.

Initial and Adjusted Exercise Price. The initial exercise price shall be $2.00 3.50 per share of Common Stock. The adjusted exercise price shall be the price that shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 hereof.

Initial and Adjusted Exercise Price. The initial exercise price of each Warrant shall be $2.00 1.00 per share of Common StockShare. The adjusted exercise price Exercise Price per Share shall be the price that prices which shall result from time to time from any and all adjustments of the initial exercise price Exercise Price per Share in accordance with the provisions of Section 6 Article 8 hereof.

Initial and Adjusted Exercise Price. The initial exercise price of each Warrant shall be $2.00 $ per share of Common StockShare. The adjusted exercise price per Share shall be the price that prices which shall result from time to time from any and all adjustments of the initial exercise price per Share in accordance with the provisions of Section 6 Article 7 hereof.

Initial and Adjusted Exercise Price. The initial exercise price of each Warrant shall be $2.00 4.375 per share of Common StockShare. The adjusted exercise price per Share shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price per Share in accordance with the provisions of Section 6 Article 8 hereof.

Initial and Adjusted Exercise Price. The Except as otherwise provided in Section 8 hereof, the initial exercise price of each Warrant shall be $2.00 13.75 per share of Common Stock. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 8 hereof.

Initial and Adjusted Exercise Price. The initial exercise price of each Option shall be $2.00 4.50 per share of Common StockShare. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 Article 7 hereof.

Initial and Adjusted Exercise Price. The Except as otherwise provided in Section 8 hereof, the initial exercise price of each Warrant shall be $2.00 12.7875 per share of Common Stock. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 8 hereof.

Initial and Adjusted Exercise Price. The initial exercise price of each Option shall be $2.00 1.50 per share of Common StockShare. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 Article 7 hereof.

Initial and Adjusted Exercise Price. The initial exercise price of each Warrant shall be $2.00 US$9.90 per share of Common StockShare. The adjusted exercise price per Share shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price per Share in accordance with the provisions of Section 6 Article 8 hereof.

Initial and Adjusted Exercise Price. The initial exercise price of each Warrant shall be $2.00 6.00 per share of Common StockShare. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 Article 8 hereof.

Initial and Adjusted Exercise Price. The Except as otherwise provided in Section 9 hereof, the initial exercise price of the Warrants shall be $2.00 1.00 per share of Common Stock. The adjusted exercise price shall be the price that which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 9 hereof; provided, however, that the adjusted exercise price shall never be reduced below the par value of the Common Stock.

Initial and Adjusted Exercise Price. The initial exercise price of each ----------------------------------- Warrant shall be $2.00 13.87 per share of Common StockShare. The adjusted exercise price shall be the price that price, which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Section 6 Article 8 hereof.