Common use of Warrant Extension Clause in Contracts

Warrant Extension. amendment, at RES’s option, of the warrants originally issued to RES in February 2012 to extend the term of 50% of the warrants to January 31, 2018, and the term of the other 50% of the warrants to January 31, 2019, and increase the beneficial ownership limitation therein from 34% to 49%, and permit the warrants to be exercised for common stock or non-voting common stock (the “Warrant Extension”);