Common use of Reduced Exercise Price Clause in Contracts

Reduced Exercise Price. On the Outside Date, in the event that ---------------------- the Company shall not have obtained the approval of its stockholders of the conversion of the Series B Preferred Stock to Series A Preferred Stock, the Exercise Price herein shall be reduced to $0.01.

Reduced Exercise Price. On the Outside Date, in In the event that ---------------------- the Company shall not ---------------------- have obtained the approval of its stockholders of the conversion of the Series 1-B Preferred Stock Warrants into Series 1-A Warrants (the "Series 1-B-to-1-A Conversion") on or ---------------------------- prior to Series A Preferred Stockthe Outside Date, the Exercise Price herein shall be reduced to $0.01.