Common use of Redemption at Corporation's Option Clause in Contracts

Redemption at Corporation's Option. At any time, and from time to time, the Company may, at its sole option, but shall not be obligated to, redeem this Warrant at a redemption price of one cent ($0.01) per Warrant Share covered by this Warrant (the "Redemption Price"). The Company may exercise its option to redeem the Warrant only if (a) the Warrant Shares are covered by a registration statement filed with the U. S. Securities and Exchange Commission which is effective as of the date the Redemption Notice (as defined below) and (b) the average closing bid quotation of the Company's Common Stock as reported on the National Association of Securities Dealers Automated Quotation system ("NASDAQ"), or the average closing price if listed on a national securities exchange for the ten (10) trading days immediately prior to the date of the Redemption Notice (as defined below) is more than $4.00.

Redemption at Corporation's Option. At any time, and from time to time, the Company may, at its sole option, but shall not be obligated to, redeem this Warrant at a redemption price of one cent ($0.01) per Warrant Share covered by this Warrant (the "Redemption Price"). The Company may exercise its option to redeem the Warrant only if (a) the Warrant Shares are covered by a registration statement filed with the U. S. Securities and Exchange Commission which is effective as of the date the Redemption Notice (as defined below) and (b) the average closing bid quotation of the Company's Common Stock as reported on the National Association of Securities Dealers Automated Quotation system ("NASDAQ"), or the average closing price if listed on a national securities exchange for the ten (10) trading days immediately prior to the date of the Redemption Notice (as defined below) is more than $4.003.50.

Redemption at Corporation's Option. At any time, and from time to time, the Company may, at its sole option, but shall not be obligated to, redeem this Warrant at a redemption price of one cent ($0.01) per Warrant Share covered by this Warrant (the "Redemption Price"). The Company may exercise its option to redeem the Warrant only if (a) the Warrant Shares are covered by a registration statement filed with the U. S. Securities and Exchange Commission which is effective as of the date the Redemption Notice (as defined below) and (b) the average closing bid quotation of the Company's Common Stock as reported on the National Association of Securities Dealers Automated Quotation system ("NASDAQ"), or the average closing price if listed on a national securities exchange for the ten (10) trading days immediately prior to the date of the Redemption Notice (as defined below) is more than $4.007.00.

Redemption at Corporation's Option. At any time, and from time to time, the Company may, at its sole option, but shall not be obligated to, redeem this Warrant at a redemption price of one cent ($0.01) per Warrant Share covered by this Warrant (the "Redemption Price"). The Company may exercise its option to redeem the Warrant only if (a) the Warrant Shares are covered by a registration statement filed with the U. S. Securities and Exchange Commission which is effective as of the date the Redemption Notice (as defined below) and (b) the average closing bid quotation of the Company's Common Stock as reported on the National Association of Securities Dealers Automated Quotation system ("NASDAQ"), or the average closing price if listed on a national securities exchange for the ten (10) trading days immediately prior to the date of the Redemption Notice (as defined below) is more than $4.006.00.