Common use of Price Adjustment to Warrants Clause in Contracts

Price Adjustment to Warrants. If within 75 days of the date of this Agreement the Company undertakes a financing through the sale of its securities which financing includes warrants (the "Offering Warrants"), and any Offering Warrant has an exercise price that is less than the exercise price set forth in subparagraph (a)(ii) above, then the exercise price of the Warrant described in subparagraph (a)(ii) above shall be reduced to the lowest Offering Warrant exercise price and the exercise price set forth in subparagraph (a)(iii) above shall be reduced to 85% of the lowest Offering Warrant exercise price.