Common use of Minimum Price to Initiate Put Clause in Contracts

Minimum Price to Initiate Put. The Company shall not be entitled to deliver an Advance Put Notice or a Put Notice if the Closing Bid Price of the Company’s Common Stock for the Trading Day immediately preceding the date of any such notice is less than $0.05 (the “Minimum Lead-In Price Restriction”). If the Company delivers an Advance Put Notice, and is prohibited by this subsection from delivering the accompanying Put Notice, the Company shall notify the Investor in writing, and the Put announced in the Advance Put Notice shall be automatically cancelled and such Advance Put Notice shall be null and void.

Minimum Price to Initiate Put. The Company shall not be entitled to deliver an Advance Put Notice or a Put Notice if the Closing Bid Price of the Company’s Common Stock for the Trading Day immediately preceding the date of any such notice is less than $0.05 0.03 (the “Minimum Lead-In Price Restriction”). If the Company delivers an Advance Put Notice, and is prohibited by this subsection from delivering the accompanying Put Notice, the Company shall notify the Investor in writing, and the Put announced in the Advance Put Notice shall be automatically cancelled and such Advance Put Notice shall be null and void.

Minimum Price to Initiate Put. The Company shall not be entitled to deliver an Advance Put Notice or a Put Notice if the Closing Bid Price of the Company’s Common Stock for the Trading Day immediately preceding the date of any such notice is less than $0.05 0.01 (the “Minimum Lead-In Price Restriction”). If the Company delivers an Advance Put Notice, and is prohibited by this subsection from delivering the accompanying Put Notice, the Company shall notify the Investor in writing, and the Put announced in the Advance Put Notice shall be automatically cancelled and such Advance Put Notice shall be null and void.