Early Expiration Clause Samples

Early Expiration. If at any time after the Closing Date the Market Price for the Common Stock equals or exceeds 200% of the Market Price on the Closing Date for a period of thirty (30) consecutive Trading Days, then the Company may, by notice to the Holder (the “Acceleration Notice”), accelerate the Expiration Date of this Warrant to such date as shall be determined by the Company in its sole discretion and set forth in the Acceleration Notice (the “Early Expiration Date”), which Early Expiration Date shall be not less than sixty (60) days, nor more than ninety (90) days, after the date of the Acceleration Notice. From and after the date of the Acceleration Notice, the term “Expiration Date” wherever used in this Warrant shall mean and refer to the Early Expiration Date.

Early Expiration. The Displacement Allowance shall cease prior to the expiration of the Protective Period in the event of the Displaced Employee’s resignation, death, retirement, or dismissal for justifiable cause.

Early Expiration. In the event that either (A) following the one-year anniversary of the Issue Date, the Market Price (as defined in the Articles of Amendment) of the Common Stock during any period of twenty (20) consecutive Trading Days is greater than 2.02 times the Initial Conversion Price (subject to adjustment as provided herein), or (B) following the date on which the Company completes a firm-commitment underwritten public offering of its Common Stock, the Market Price (as defined in the Articles of Amendment) of the Common Stock during any period of twenty (20) consecutive Trading Days is equal to or greater than 2.02 times the Initial Conversion Price (subject to adjustment as provided herein)(either of (A) or (B) being referred to herein as an "Expiration Trigger Event"), the Company may deliver to the Holder, within five (5) business days following the occurrence of an Expiration Trigger Event, and as long as each of the Resale Conditions (as defined below) have been satisfied, a written notice to such effect (a "Expiration Notice") and this Warrant shall expire on the date (the "Early Expiration Date") which is fifteen (15) Trading Days following the business day on which such Expiration Notice is delivered to the Holder. The "Resale Conditions" are as follows: (I) either (A) the Registration Statement (as defined in the Registration Rights Agreement between the Company and the Holder) relating to the resale of the Warrant Shares has been declared effective and, during the period of thirty five (35) Trading Days immediately preceding the Early Expiration Date (the "Early Expiration Period"), has been available for the resale of (i) all of the Warrant Shares into which this Warrant is exercisable and (ii) all of the Conversion Shares issuable upon conversion of the Preferred Shares (each as defined in the Articles of Amendment)(assuming the minimum applicable Conversion Price and Exercise Price and that no conditions to or limitations on the conversion of the Preferred Shares or exercise of the Warrants then exist) or (B) on each Trading Day of the Early Expiration Period, such Warrant Shares may be sold pursuant to Rule 144(k) under the Securities Act of 1933, as amended and (II) no Mandatory Redemption Event (or an event or circumstance that with the passage of time would constitute a Mandatory Redemption Event) has occurred and is continuing at any time during the Early Expiration Period.

Early Expiration. In the following instances, your vested NSO will expire before the Expiration Date: (i.) If you Terminate for any reason other than for Cause after the Vesting Date, except as provided in Section 3(b)(ii), the portion of your NSO that is vested but has not been exercised will expire on the earlier of the Expiration Date or 180 days after the date of termination. (ii.) If there is a Change in Control, your NSO may expire earlier than the Expiration Date. See the Plan for further details.

Early Expiration. This Warrant shall automatically expire and be of no further force and effect without any action by the Holder immediately prior to the earliest of the following: (i) the effective date of a Change of Control, (ii) the effective date of the Initial Public Offering, or (iii) the Maturity Date. If the Company proposes at any time to effect a Change of Control or the Initial Public Offering, the Company shall, at least twenty (20) days prior to the Change of Control or the effective date of the Initial Public Offering, mail to the Holder a notice specifying the date on which the Change of Control or the Initial Public Offering is anticipated to become effective.

Early Expiration. This Warrant shall automatically expire and be ofno further force and effect without any action by the Holder immediately prior to the effective date of a Change of Control. If the Company proposes at any time to effect a Change of Control, the Company shall mail to the Holder a notice specifying the date on which the Change of Control is anticipated to become effective, and the Holder shall have the right to exercise this Warrant for the applicable Warrant Stock prior to such expiration event. Laredo Oil, Inc. Warrant to Purchase Common Stock

Early Expiration. (a) In the event that the closing bid price of the Company's Common Shares, as reported by the Nasdaq Stock Market, Inc., exceeds the Exercise Price for any Warrant Shares to which the Warrant Holder is entitled to receive upon exercising any portion of this Warrant for any period of 30 consecutive trading days, the Warrant shall expire with respect to such Warrant Shares on the 180th day thereafter (each, an "Early Expiration Date"); provided, however, that the Company must give prior written notice to the Warrant Holder not less than 30 days prior to any Early Expiration Date for such Early Expiration Date to be applicable to the Warrant Holder; and, provided further, that the Warrant Holder shall remain entitled to exercise this Warrant with respect to such Warrant Shares at any time up to and including the Business Day immediately preceding the applicable Early Expiration Date. (b) In the event that the Warrant Holder fails to exercise any portion of the Warrant subject to expiration in accordance with Section 2.3(a) above prior to any Early Expiration Date, all rights of the Warrant Holder under this Warrant Certificate with respect to such Warrant Shares shall cease and this Warrant shall no longer be deemed to be outstanding with respect to such Warrant Shares.

Early Expiration. In the event that following the first ---------------- anniversary of the Issue Date, the Closing Bid Price (as defined in the Securities Purchase Agreement) of the Common Stock during any period of ten (10) consecutive Trading Days is equal to or greater than twice the Exercise Price then in effect (an "Expiration Trigger Event"), the Company may deliver to the ------------------------ Holder, within five(5) business days following the occurrence of an Expiration Trigger Event, a written notice to such effect (a "Expiration Notice") and this ----------------- Warrant shall expire on the date (the "Early Expiration Date") which is thirty --------------------- (30) Trading Days following the business day on which such Expiration Notice is delivered to the Holder Notwithstanding the foregoing, the Holder may exercise all or any part of this Warrant at the then effective Exercise Price by delivering an Exercise Notice to the Company at any time prior to the Early Expiration Date.

Early Expiration. If the Grantee’s Service Relationship terminates for any reason, any Non-Statutory Stock Options held by the Grantee that have not vested before the termination of the Service Relationship shall expire immediately upon termination of the Service Relationship, and if the Grantee’s Service Relationship is terminated for Cause, all Non-Statutory Stock Options (whether or not then vested or exercisable) shall automatically expire immediately upon such termination.