Common use of Reduced Exercise Price Clause in Contracts

Reduced Exercise Price. In the event that the Company shall not ---------------------- have obtained the approval of its stockholders of the conversion of the Series 2-B Warrants into Series 2-A Warrants (the "Series 2-B-to-2-A Conversion"), on ---------------------------- or prior to the Outside Date the Exercise Price herein shall be reduced to $0.01.