Common use of Adjustment of Warrant Price Upon Issuance of Additional Shares of Common Stock Clause in Contracts

Adjustment of Warrant Price Upon Issuance of Additional Shares of Common Stock. If at any time or from time to time prior to February 1, 2019, the Company shall issue or sell any additional shares of Common Stock or Common Stock Equivalents for a consideration per share less than the fair market value (other than Exempt Issuances, which shall not result in adjustments pursuant to this Section 2.2.4) then, effective on the date specified below, the Warrant Price then in effect shall be reduced to a price (calculated to the nearest one-hundredth of a cent) determined in accordance with the following formula: WP2 = WP1* (A + B) ÷ (A + C). For purposes of the foregoing formula, the following definitions shall apply: