Common use of Postponement of Exercise Clause in Contracts

Postponement of Exercise. Notwithstanding anything herein to the contrary, the Company shall have the right to delay any exercise for a period of up to one hundred eighty (180) days for the purpose of: (a) ensuring the availability of an exemption under applicable securities laws for the issuance of the Shares to the Holder in light of the transactions by the Company in its securities; and/or (b) facilitating a distribution of the Company's securities. In either case, if the Company elects to delay any such exercise, the Company shall inform the Holder, in writing, of such delay and the terms of such delay. Any such delay shall not lead to any change in the Bridge Warrant Price or the terms of the Bridge Warrant and shall not extend the term of any Bridge Warrant unless such delay would extend past the expiration date of such Bridge Warrant. In such case, the expiration date shall be extended to thirty (30) days after the end of such delay.

Postponement of Exercise. Notwithstanding anything herein to the contrary, the Company shall have the right to delay any exercise for a period of up to one hundred eighty (180) days for the purpose of: (a) ensuring the availability of an exemption under applicable securities laws for the issuance of the Shares to the Holder in light of the transactions by the Company in its securities; and/or (b) facilitating a distribution of the Company's securities. In either case, if the Company elects to delay any such exercise, the Company shall inform the Holder, in writing, of such delay and the terms of such delay. Any such delay shall not lead to any change in the Bridge Interim Warrant Price or the terms of the Bridge Interim Warrant and shall not extend the term of any Bridge Interim Warrant unless such delay would extend past the expiration date of such Bridge Interim Warrant. In such case, the expiration date shall be extended to thirty (30) days after the end of such delay.

Postponement of Exercise. Notwithstanding anything herein to the contrary, the Company shall have the right to delay any exercise for a period of up to one hundred eighty (180) days for the purpose of: (a) ensuring the availability of an exemption under applicable securities laws for the issuance of the Shares to the Holder in light of the transactions by the Company in its securities; and/or (b) facilitating a distribution of the Company's securities. In either case, if the Company elects to delay any such exercise, the Company shall inform the Holder, in writing, of such delay and the terms of such delay. Any such delay shall not lead to any change in the Bridge Warrant Price or the terms of the Bridge this Warrant and shall not extend the term of any Bridge Warrant unless such delay would extend past the expiration date of such Bridge Warrant. In such case, the expiration date shall be extended to thirty (30) days after the end of such delay.