Common use of No Adjustment of Exercise Price Clause in Contracts

No Adjustment of Exercise Price. No adjustment in the number of shares of Common Stock into which the warrants are convertible shall be made, by adjustment in the applicable Exercise Price thereof: ( a) unless the consideration per share (determined pursuant to Subsection 8(a)(v) below) for an Additional Share of Common Stock issued or deemed to be issued by the Company is less than the applicable Exercise Price in effect on the date of, and immediately prior to, the issue of such additional shares, or (b) if prior to such issuance, the Company receives written notice from the Registered Holders of at least sixty-six and two-thirds percent (66-2/3%) of the then outstanding Warrants agreeing that no such adjustment shall be made as the result of the issuance of Additional Shares of Common Stock.