Reduction of Exercise Price Clause Samples

Reduction of Exercise Price. The Company may reduce the Exercise Price of some or all of the Warrants, permanently or temporarily upon five Business Days notice to the Holder without thereby requiring adjustment of the Exercise Price or Conversion Price of any other Common Stock Equivalent or Debenture held by the Holder.

Reduction of Exercise Price. In the event that, as a result of any --------------------------- action or failure to act on the part of the Company (including without limitation a failure by the Company to have a sufficient number of shares of Common Stock authorized and reserved for issuance pursuant to exercise of the Warrants), a Holder has not received certificates representing the Warrant Shares by the tenth (10th) Business Day following an Exercise Default, the Holder may, upon written notice to the Company, regain on such Business Day the rights of a Holder of this Warrant, or part thereof, with respect to the Warrant Shares that are the subject of such Exercise Default, and the Exercise Price for such Warrant Shares shall be reduced by one percent (1%) for each day beyond such 10th Business Day in which the Exercise Default continues. In such event, the Holder shall retain all of the Holder's rights and remedies with respect to the Company's failure to deliver such Warrant Shares (including without limitation the right to receive the cash payments specified in subparagraph 3(a) above).

Reduction of Exercise Price. In the event that a Holder has not received certificates representing the Warrant Shares by the tenth (10th) business day following an Exercise Default, the Holder may, upon written notice to the Company, regain on such business day the rights of a Holder of this Warrant, or part thereof, with respect to the Warrant Shares that are the subject of such Exercise Default, and the Exercise Price for such Warrant Shares shall be reduced by one percent (1%) for each day beyond such 10th business day in which the Exercise Default continues. In such event, the Holder shall retain all of the Holder's rights and remedies with respect to the Company's failure to deliver such Warrant Shares (including without limitation the right to receive the cash payments specified in subparagraph 3(a) above).

Reduction of Exercise Price. The Board of Directors retains the right, upon giving written notice to the Warrant Agent, to reduce the Exercise Price or extend the Expiration Date of the Warrants.

Reduction of Exercise Price. The Company irrevocably agrees, effective on the Closing Date, to reduce the exercise price of the Existing Warrants to $6.00, pursuant to Section 4(h) of the Warrant, which reduced exercise price shall become effective upon receipt of the Second Stockholder Approval (such date, the “Second Stockholder Approval Date”). On the Second Stockholder Approval Date, the Company will amend such Existing Warrants pursuant to this Section 5.06 and shall deliver or cause to be delivered to the Investor an amended and restated Existing Warrant certificate.

Reduction of Exercise Price. The Warrant Holder may over the term of the Warrant make a payment to the Company for an equivalent amount of money to reduce the exercise price of Warrant “I” until such time as the exercise price of this Warrant is able to be exercised via a cashless provision per Section 5 of this agreement. Each time a payment by the Warrant Holder is made to the Company, notice will be delivered by the Warrant Holder stating the new effective exercise price of Warrant “I” at that time. At such time when the Warrant Holder has paid a total amount to effectively reduce the exercise price down to an exercise price that is below the limitation in Section 5 of this Warrant, then the Warrant Holder shall have the right to exercise this Warrant via a cashless provision and hold for six months to remove the legend under Rule 144.

Reduction of Exercise Price. 3 2.08 Solicitation Fee................................ 3

Reduction of Exercise Price. BELOW PAR VALUE Before taking any action that would cause an adjustment pursuant to Section 6 hereof reducing the portion of the Exercise Price required to purchase one share of capital stock below the then par value (if any) of a share of such capital stock, the Company will use its best efforts to take any corporate action which, in the opinion of its counsel, may be necessary in order that the Company may validly and legally issue fully paid and non-assessable shares of such capital stock.

Reduction of Exercise Price. The Investor hereby agrees to exercise the entire Original Warrant by the Exercise Deadline by paying an exercise price which shall be one cent less than the closing price of the Company’s common stock (rounded to the nearest one cent increment), one day prior to the date of the Notice to Exercise dated March 23, 2018 (the “New Exercise Price”) of the Original Warrant, for each share of the Common Stock represented by the Original Warrant, which is approximately $615,000 in the aggregate ($0.41 per share), in immediately available lawful money of the United States (the “Exercise Proceeds”) to the Company and delivering the originally executed Original Warrant in accordance with the delivery instructions set forth in the Notice of Exercise attached hereto as Exhibit “A”. In connection with the exercise of the Original Warrant, the Investor will complete the Notice of Exercise attached hereto as Exhibit A. Within three days of the receipt of the Exercise Proceeds and Notice of Exercise, the Company will deliver the shares issuable upon the exercise of the Original Warrant to the Investor per the instructions set forth in the Notice of Exercise. Upon the receipt of the Notice of Exercise and Exercise Proceeds, the Original Warrant will be automatically cancelled. If by the Exercise Deadline of March 23, 2018, the Investor has not consummated the exercise of the Original Warrant, the Exercise Price of the Warrant shall revert to the Exercise Price set forth in the Original Warrant.