Common use of Initial and Adjusted Exercise Prices Clause in Contracts

Initial and Adjusted Exercise Prices. The initial Unit Exercise Price of each Representative's Warrant shall be $6.15 per Unit (120% of the Unit IPO Price), or $6.00 per Share and $.15 per Warrant, that make up the Underlying Warrants. The initial Underlying Warrant Share Exercise Price of each Underlying Warrant shall be the IPO exercise price. The adjusted exercise price of any Warrant Security shall be the price which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Article 8. The Representative's Warrants and the Underlying Warrants are exercisable during the four year period commencing on the Purchase Date.

Initial and Adjusted Exercise Prices. The initial Unit Exercise Price of each Representative's Warrant shall be $6.15 per Unit (120% of the Unit IPO Price), or $6.00 per Share and $.15 per Warrant, that make up the Underlying Warrants. The initial Underlying Warrant Share Exercise Price of each Underlying Warrant shall be the IPO exercise price. The adjusted exercise price of any Warrant Security shall be the price which shall result from time to time from any and all adjustments of the initial exercise price in accordance with the provisions of Article 8. The Representative's Warrants are exercisable during the five year period commencing one year from the Purchase Date and the Underlying Warrants are exercisable during the four five year period commencing on the Purchase Date.