Common use of Minimum Acceptable Price Clause in Contracts

Minimum Acceptable Price. The Company shall automatically withdraw a pro rata portion of the Advance Notice amount based on the number of days the closing bid price of the Company's Common Stock (as reported by Bloomberg, L.P.) during the Pricing Period is lower than the Minimum Acceptable Price. The shares of Common Stock issued shall also be reduced to correspond with the reduction in the Advanced Notice amount. For example, if the closing bid price of the Company's Common Stock on the Advance Notice Date is $0.90, and the Minimum Acceptable Price as determined by the Company is $0.89. For every day during the Pricing Period that the closing bid price of the Company's common stock is below $0.89, the Advanced Notice amount shall be reduced by Twenty Percent (20%).