Common use of Adjustment Upon Market Price Decrease Clause in Contracts

Adjustment Upon Market Price Decrease. If at any time on or after the date hereof and prior to [●], 2015 [Insert 1 Year Following Closing], the Company effects a reverse stock split and 125% of the closing Market Price of the Common Stock during any three (3) consecutive Trading Days after the effective date of the reverse stock split is less than the Initial Per Share Offering Price, as such amount shall be adjusted for stock splits, stock dividends and other similar events, then the Exercise Price shall be reduced to 125% of the amount of the lowest closing Market Price of the Common Stock during such three- Trading Day period (the “Adjusted Per Share Offering Price”); provided, that in no event shall the Adjusted Per Share Offering Price be reduced to an amount that is less than 80% of the Exercise Price. This adjustment, if any, shall only be effected after the first reverse stock split effected after the date hereof.

Adjustment Upon Market Price Decrease. If at any time on or after the date hereof and prior to [●•], 2015 [Insert 1 Year Following Closing], the Company effects a reverse stock split and 125% of the closing Market Price of the Common Stock during any three (3) consecutive Trading Days after the effective date of the reverse stock split is less than the Initial Per Share Offering Price, as such amount shall be adjusted for stock splits, stock dividends and other similar events, then the Exercise Price shall be reduced to 125% of the amount of the lowest closing Market Price of the Common Stock during such three- Trading Day period (the “Adjusted Per Share Offering Price”)) ; provided, that in no event shall the Adjusted Per Share Offering Price be reduced to an amount that is less than 80% of the Exercise Price. This adjustment, if any, shall only be effected after the first reverse stock split effected after the date hereof.

Adjustment Upon Market Price Decrease. If at any time on or after the date hereof and prior to [●]June 11, 2015 [Insert 1 Year Following Closing]2015, the Company effects a reverse stock split and 125% of the closing Market Price of the Common Stock Shares during any three (3) consecutive Trading Days after the effective date of the reverse stock split is less than the Initial Per Share Offering Price, as such amount shall be adjusted for stock splits, stock dividends and other similar events, then the Exercise Price shall be reduced to 125% of the amount of the lowest closing Market Price of the Common Stock Shares during such three- Trading Day period (the “"Adjusted Per Share Offering Price”"); provided, that in no event shall the Adjusted Per Share Offering Price be reduced to an amount that is less than 80% of the Exercise Price. This adjustment, if any, shall only be effected after the first reverse stock split effected after the date hereof.

Adjustment Upon Market Price Decrease. If at any time on or after the date hereof and prior to [●]October 31, 2015 [Insert 1 Year Following Closing]2015, the Company effects a reverse stock split and 125% of the closing Market Price of the Common Stock during any three (3) consecutive Trading Days after the effective date of the reverse stock split is less than the Initial Per Share Offering Price, as such amount shall be adjusted for stock splits, stock dividends and other similar events, then the Exercise Price shall be reduced to 125% of the amount of the lowest closing Market Price of the Common Stock during such three- Trading Day period (the “Adjusted Per Share Offering Price”); provided, that in no event shall the Adjusted Per Share Offering Price be reduced to an amount that is less than 80% of the Exercise Price. This adjustment, if any, shall only be effected after the first reverse stock split effected after the date hereof.