Common use of Optional Reduction of Exercise Price Clause in Contracts

Optional Reduction of Exercise Price. Subject to the limits, if any, set forth pursuant to Section 1, the Company shall have the right, at any time or from time to time, voluntarily to reduce the then current Exercise Price to such amount (the "Reduced Exercise Price") and for such period or periods of time, which may be through the close of business on the Expiration Date (the "Reduced Exercise Price Period") as may be deemed appropriate by the Company. Notice of any such Reduced Exercise Price and Reduced Exercise Price Period shall be given to registered holders of Warrants in the manner provided in Section 16. After the termination of the Reduced Exercise Price Period, the Exercise Price shall be such Exercise Price that would have been in effect, as adjusted pursuant to the provisions of Section 14, had there been no reduction in the Exercise Price pursuant to the provisions of this Section 8. No reduction of the then current Exercise Price pursuant to the provisions of this Section 8 shall be deemed for the purposes of Section 14 hereof to alter or adjust the Exercise Price.

Optional Reduction of Exercise Price. Subject to the limits, if any, set forth pursuant to Section 1, the The Company shall have the right, at any time or from time to time, voluntarily to reduce the then current Exercise Price to such amount (the "Reduced Exercise Price") and for such period or periods of timetime not less than 20 days in length, which may be through the close of business on the Expiration Date (the "Reduced Exercise Price Period") ), as may be deemed appropriate by the Board of Trustees of the Company. Notice of any such Reduced Exercise Price and Reduced Exercise Price Period shall be given to the registered holders of Warrants in the manner provided in Section 1610 and to the Warrant Agent in the manner provided in Section 15. After the termination of the Reduced Exercise Price Period, the Exercise Price shall be such Exercise Price that as would have been in effect, as adjusted pursuant to the provisions of Section 148, had there been no reduction in the Exercise Price pursuant to the provisions of this Section 86. Any adjustment in the Exercise Price pursuant to Section 8 during the Reduced Exercise Price Period shall not be made in the Reduced Exercise Price in the manner specified in Section 8 except to the extent that such reduction in the Exercise Price pursuant to Section 8 would result in an Exercise Price lower than the then current Reduced Exercise Price. No reduction of the then current Exercise Price pursuant to the provisions of this Section 8 6 shall be deemed for the purposes of Section 14 8 hereof to alter or adjust the Exercise Price.require any adjustment in the

Optional Reduction of Exercise Price. Subject to the limits, if any, set forth pursuant to Section 1, the The Company shall have the right, at any time or from time to time, voluntarily to reduce the then current Exercise Price to such amount (the "Reduced Exercise Price") and for such period or periods of time, which may be through the close of business on the Expiration Date (the "Reduced Exercise Price Period") ), as the Board of Directors of the Company may be deemed appropriate by the Companydetermine, approve or ratify. Notice of any such Reduced Exercise Price and Reduced Exercise Price Period shall be given to the registered holders of Warrants in the manner provided in Section 1615 and to the Warrant Agent in the manner provided in Section 20. After the termination of the Reduced Exercise Price Period, the Exercise Price shall be such Exercise Price that as would have been in effect, as adjusted pursuant to the provisions of Section 1412, had there been no reduction in the Exercise Price pursuant to the provisions of this Section 87. Any adjustment in the Exercise Price pursuant to Section 12 during the Reduced Exercise Price Period shall not be made in the Reduced Exercise Price in the manner specified in Section 12 except to the extent that such reduction in the Exercise Price (before reduction to the Reduced Exercise Period) pursuant to Section 12 would result in an Exercise Price lower than the then current Reduced Exercise Price. No reduction of the then current Exercise Price pursuant to the provisions of this Section 8 7 shall be deemed for the purposes of Section 14 12 hereof to alter or adjust require any adjustment in the Exercise Price.

Optional Reduction of Exercise Price. Subject The Company, in its sole discretion, without any obligation to the limitsdo so, if any, set forth pursuant to Section 1, the Company shall have the right, at any time or time, and from time to time, voluntarily by action of a majority of the whole Board of Directors of the Company, to reduce the then then-current Exercise Price to such amount (the "Reduced Exercise Price") and for such period or periods of time, which may be through the close of business on the Expiration Date (the "Reduced Exercise Price Period") ), as may be deemed appropriate by the Board of Directors of the Company. Notice of any such Reduced Exercise Price and Reduced Exercise Price Period shall be given to the registered holders of Warrants in the manner provided in Section 1614 and to the Warrant Agent in the manner provided in Section 19. After the termination of the Reduced Exercise Price Period, the Exercise Price shall be such Exercise Price that which would have been in effect, as adjusted pursuant to the provisions of Section 1412, had there been no reduction in the Exercise Price pursuant to the provisions of this Section 87. No reduction of Any adjustment in the then current Exercise Price pursuant to Section 12 during the provisions of this Reduced Exercise Price Period shall also be made in the Reduced Exercise Price in the manner specified in Section 8 shall be deemed for the purposes of Section 14 hereof to alter or adjust the Exercise Price12.

Optional Reduction of Exercise Price. Subject to the limits, if any, set forth pursuant to Section 1, the The Company shall have the right, at any time or from time to time, voluntarily to reduce the then current Exercise Price to such amount (the "Reduced Exercise PriceREDUCED EXERCISE PRICE") and for such period or periods of time, time which may be through the close of business on the Expiration Date (the "Reduced Exercise Price PeriodREDUCED EXERCISE PRICE PERIOD") as may be deemed appropriate by the Board of Directors of the Company. Notice of any such Reduced Exercise Price and Reduced Exercise Price Period shall be given to the registered holders of Warrants in the manner provided in Section 16SECTION 14 and to the Warrant Agent in the manner provided in SECTION 19. After the termination of the Reduced Exercise Price Period, the Exercise Price shall be such Exercise Price that which would have been in effect, as adjusted pursuant to the provisions of Section 14SECTION 12, had there been no reduction in the Exercise Price pursuant to the provisions of this Section 8SECTION 7. No reduction of Any adjustment in the then current Exercise Price pursuant to SECTION 12 during the provisions of this Section 8 Reduced Exercise Price Period shall also be deemed for made in the purposes of Section 14 hereof to alter or adjust Reduced Exercise Price in the Exercise Pricemanner specified in SECTION 12.