Common use of Warrant Redemption Clause in Contracts

Warrant Redemption. Upon occurrence of the events described in Sections 3.4 and 10.4(c) of the Purchase Agreement, the Company, at the request of Holder, shall redeem all outstanding Warrants that remain unexercised at a redemption price equal to the greater of (x) an appraised value of the Warrants, as determined by Black ▇▇▇▇▇▇, on the date they are called for redemption and (y) the number of Warrants being redeemed multiplied by the excess of (A) the average Closing Bid Price of the Common Stock for the five trading days immediately prior to the date that the Warrants are called for redemption over (B) the exercise price of the Warrants.

Warrant Redemption. Upon occurrence of the events described in Sections 3.4 and 10.4(c) of the Purchase Agreement, the Company, at the request of Holder, shall redeem all outstanding Warrants that remain unexercised at a redemption price equal to the greater of (x) an appraised value of the Warrants, as determined by Black ▇▇▇▇▇▇, on the date they are called for redemption and (y) the number of Warrants being redeemed multiplied by the excess of (A) the average Closing Bid Price of the Common Stock for the five trading days Trading Days immediately prior to the date that the Warrants are called for redemption over (B) the exercise price of the Warrants.

Warrant Redemption. Upon occurrence of the events described in Sections 3.4 and 10.4(c) of the Purchase Agreement, the Company, at the request of Holder, shall redeem all outstanding Warrants that remain unexercised at a redemption price equal to the greater of (x) an appraised value of the Warrants, as determined by Black ▇▇▇▇▇▇Scholes, on the date they are called for redemption and (y) the number of Warrants being redeemed multiplied by the excess of (A) the average Closing Bid Price of the Common Stock for the five trading days immediately prior to the date that the Warrants are called for redemption over (B) the exercise price of the Warrants.

Warrant Redemption. Upon occurrence of the events described in Sections 3.4 and 10.4(c) of the Purchase Agreement, the Company, at the request of Holder, shall redeem all outstanding Warrants that remain unexercised at a redemption price equal to the greater of (x) an appraised value of the Warrants, as determined by Black ▇▇▇▇▇▇Sholes, on the date they are called for redemption and (y) the number t▇▇ ▇▇mber of Warrants being redeemed multiplied by the excess of (A) the average Closing Bid Price of the Common Stock for the five trading days Trading Days immediately prior to the date that the Warrants are called for redemption over (B) the exercise price of the Warrants.

Warrant Redemption. Upon occurrence of the events described in Sections 3.4 and 10.4(c) of the Purchase Agreement, the Company, at the request of Holder, shall redeem all outstanding Warrants that remain unexercised at a redemption price equal to the greater of (x) an appraised value of the Warrants, as determined by Black ▇▇▇▇▇▇Sholes, on the date they are called for redemption and (y) the number ▇▇▇ ▇umber of Warrants being redeemed multiplied by the excess of (A) the average Closing Bid Price of the Common Stock for the five trading days Trading Days immediately prior to the date that the Warrants are called for redemption over (B) the exercise price of the Warrants.

Warrant Redemption. Upon occurrence of the events described in Sections 3.4 and 10.4(c) of the Purchase Agreement, the Company, at the request of Holder, shall redeem all outstanding Warrants that remain unexercised at a redemption price equal to the greater of (x) an appraised value of the Warrants, as determined by Black ▇▇▇▇▇▇Sholes, on the date they are called for redemption ▇▇▇ ▇edemption and (y) the number of Warrants being redeemed multiplied by the excess of (A) the average Closing Bid Price of the Common Stock for the five trading days immediately prior to the date that the Warrants are called for redemption over (B) the exercise price of the Warrants.

Warrant Redemption. Upon occurrence of the events described in Sections 3.4 and 10.4(c) of the Purchase Agreement, the Company, at the request of Holder, shall redeem all outstanding Warrants that remain unexercised at a redemption price equal to the greater of (x) an appraised value of the Warrants, as determined by Black ▇▇▇▇▇▇Sholes, on the date they are called for redemption and (y) the number of num▇▇▇ ▇▇ Warrants being redeemed multiplied by the excess of (A) the average Closing Bid Price of the Common Stock for the five trading days Trading Days immediately prior to the date that the Warrants are called for redemption over (B) the exercise price of the Warrants.

Warrant Redemption. Upon occurrence of the events described in Sections 3.4 and 10.4(c) of the Purchase Agreement, the Company, at the request of Holder, shall redeem all outstanding Warrants that remain unexercised at a redemption price equal to the greater of (x) an appraised value of the Warrants, as determined by Black ▇▇▇▇▇▇Sholes, on the date they are called for redemption and (y) the number of Warrants numbe▇ ▇▇ ▇arrants being redeemed multiplied by the excess of (A) the average Closing Bid Price of the Common Stock for the five trading days Trading Days immediately prior to the date that the Warrants are called for redemption over (B) the exercise price of the Warrants.

Warrant Redemption. Upon occurrence of the events described in Sections 3.4 and 10.4(c) of the Purchase Agreement, the Company, at the request of Holder, shall redeem all outstanding Warrants that remain unexercised at a redemption price equal to the greater of (x) an appraised value of the Warrants, as determined by Black ▇▇▇▇▇▇Sholes, on the date they are called for call▇▇ ▇▇▇ redemption and (y) the number of Warrants being redeemed multiplied by the excess of (A) the average Closing Bid Price of the Common Stock for the five trading days immediately prior to the date that the Warrants are called for redemption over (B) the exercise price of the Warrants.

Warrant Redemption. Upon occurrence of the events described in Sections 3.4 (i) and (iv) and 10.4(c) of the Purchase Agreement, the Company, at the request of Holder, shall redeem all outstanding Warrants that remain unexercised at a redemption price equal to the greater of (x) an appraised value of the Warrants, as determined by Black ▇▇▇▇▇▇Sholes, on the date they are called for redemption and (y) the number n▇▇▇▇▇ of Warrants being redeemed multiplied by the excess of (A) the average Closing Bid Price of the Common Stock for the five trading days Trading Days immediately prior to the date that the Warrants are called for redemption over (B) the exercise price of the Warrants.

Warrant Redemption. Upon occurrence of the events described in Sections 3.4 and 10.4(c) of the Purchase Agreement, the Company, at the request of Holder, shall redeem all outstanding Warrants that remain unexercised at a redemption price equal to the greater of (x) an appraised value of the Warrants, as determined by Black ▇▇▇▇▇▇, on the date they are called for redemption and (y) the number of Warrants being redeemed multiplied by the excess of (A) the average Closing Bid Price closing bid price of the Common Stock for the five trading days Trading Days immediately prior to the date that the Warrants are called for redemption over (B) the exercise price of the Warrants.