Common use of Initial and Adjusted Exercise Prices Clause in Contracts

Initial and Adjusted Exercise Prices. The initial exercise price of each Common Stock Representative Warrant shall be $8.25 per share (165% of the public offering price). The initial exercise price of each Warrant Representative Warrant shall be $.20625 per Underlying Warrant (165% of the public offering price). The initial exercise price of each Underlying Warrant shall be $8.25 per share. The adjusted exercise price 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 Section 8 hereof. The Warrant Representative Warrants and the Underlying Warrants are exercisable during the five (5) year period commencing on the Effective Date.

Initial and Adjusted Exercise Prices. The initial exercise price of each Common Stock Representative Warrant shall be $8.25 7.50 per share (165150% of the public offering price). The initial exercise price of each Warrant Representative Warrant shall be $.20625 .1875 per Underlying Warrant (165150% of the public offering price). The initial exercise price of each Underlying Warrant shall be $8.25 7.50 per share. The adjusted exercise price 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 Section 8 hereof. The Warrant Representative Warrants and the Underlying Warrants are exercisable during the five (5) year period commencing on the Effective Date.

Initial and Adjusted Exercise Prices. The initial exercise price of each Common Stock Representative Warrant shall be $8.25 6.00 per share (165150% of the public offering price). The initial exercise price of each Warrant Representative Warrant shall be $.20625 .28125 per Underlying Warrant (165150% of the public offering price). The initial exercise price of each Underlying Warrant shall be $8.25 6.00 per share. The adjusted exercise price 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 Section 8 hereof. The Warrant Representative Warrants and the Underlying Warrants are exercisable during the five (5) year period commencing on the Effective Date.