Common use of Company Redemption Option Clause in Contracts

Company Redemption Option. Upon five (5) business days prior notice to Holder, the Company shall have the right to redeem any unexercised portion of the Warrant in cash for a price of $0.01 per warrant if (i) the Company's obligations to the Holder under the Note have been irrevocably repaid in full; (ii) the average closing price of the Company's Common Stock is above three hundred percent (300%) of the then applicable Exercise Price for ten (10) consecutive trading days; and (iii) the Company has filed a registration statement on Form SB-2 with the Securities Exchange Commission covering the shares of the Company's Common Stock to be issued upon the full exercise of this Warrant, and such registration statement has been declared and remains effective on the date of such notice.

Company Redemption Option. Upon five (5) business days prior notice to Holder, the Company shall have the right to redeem any unexercised portion of the Warrant in cash for a price of $0.01 per warrant if (i) the Company's ’s obligations to the Holder under the Note have been irrevocably repaid in full; (ii) the average closing price of the Company's ’s Common Stock is has closed above three two hundred percent (300200%) of the then applicable Exercise Price for ten twenty (1020) consecutive trading days; and (iii) the Company has filed a registration statement on Form SB-2 (or such other Form allowing for the registration of the resale of the shares of Common Stock issuable upon exercise of the Warrant) with the Securities Exchange Commission covering the shares of the Company's ’s Common Stock to be issued upon the full exercise of this Warrant, and such registration statement has been declared and remains effective on the date of such notice.

Company Redemption Option. Upon five (5) business days prior notice to Holder, the Company shall have the right to redeem any unexercised portion of the Warrant in cash for a price of $0.01 per warrant if (i) the Company's obligations to the Holder under the Note have been irrevocably repaid in full; (ii) the average closing price of the Company's Common Stock is has closed above three two hundred fifty percent (300250%) of the then applicable Exercise Price for ten (10) consecutive trading days; days and (iii) the Company has filed a registration statement on Form SB-2 with the Securities Exchange Commission covering the shares of the Company's Common Stock to be issued upon the full exercise of this Warrant, and such registration statement has been declared and remains effective on the date of such noticenotice .

Company Redemption Option. Upon five ten (510) business days prior notice to Holder, the Company shall have the right to redeem any unexercised portion of the Warrant in cash for a price of $0.01 0.10 per warrant if (i) the Company's obligations to the Holder under the Note have been irrevocably repaid in full; (ii) the average closing price of the Company's Common Stock is has closed above three hundred percent (300%) of the then applicable Exercise Price for ten twenty (1020) consecutive trading days; days and (iii) the Company has filed a registration statement on Form SB-2 with the Securities Exchange Commission covering the shares of the Company's Common Stock to be issued upon the full exercise of this Warrant, and such registration statement has been declared and remains effective on the date of such notice.