Waiver of Special Anti-Dilution Rights Sample Clauses

Waiver of Special Anti-Dilution Rights. Reference is made to the Warrant Agreement, dated as of November 30, 1993, between the Company and Consultant pursuant to which the Company issued to the Consultant warrants to purchase 360,000 shares of the Company's common stock. The Company represents and warrants to Consultant that, prior to April 10, 1996 (on which date the Company agreed to consummate a transaction under Regulation S under the Securities Act of 1933), there were no adjustments to the exercise price of such warrants under paragraph 8 of the Warrant Agreement. In further consideration of the issuance to the Consultant of the Warrants hereunder, the Consultant hereby agrees that paragraph 8 of the Warrant Agreement shall be deleted and replaced by the following: