Common use of Reduction of Exercise Price Clause in Contracts

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. 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 “IG” 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 “IG” 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. 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 “IH” 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 “IH” 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.