Warrant Repricing. For a period of eighteen (18) months from the Execution Date, the Company shall not adjust the exercise price of any of its outstanding warrants with an exercise price of $3.50 (subject to adjustment for a stock split, recapitalization, or other similar reorganization).
Warrant Repricing. The Company may adjust the Exercise Price of the Warrants to provide an Exercise Price per share that is lower than the then-current Exercise Price of the Warrants. Any such adjustment shall be subject to Section 4 of the Agreement.
Warrant Repricing. The Company hereby agrees and acknowledges that the exercise price of the Initial Warrants is hereby amended to equal the lower of (a) $1.00 or (b) 110% of the closing bid price of the Common Stock on the last trading date immediately preceding the 180th day following the date hereof. The Company agrees that it will take such actions as may be reasonably requested by the Investors to evidence or give effect to this repricing.
Warrant Repricing. As consideration for the waivers and consents set forth in paragraph 1 above, the Company shall, at each Holder's option and pursuant to the terms of the 2002 Exchange Agreement, modify or exchange the existing Series A1 Warrants and Series B1 Warrants so that the Exercise Price (as defined in the Series A1 Warrants and Series B1 Warrants) shall be reduced to equal to the average closing bid price of the Company's common stock for the three (3) trading days immediately preceding the sale of the Company's Senior Preferred Stock pursuant to the terms of the Series C Purchase Agreement (the "New Exercise Price"). Such adjustment shall become effective upon the closing of the Series C Purchase Agreement. The Company acknowledges and agrees that until the Series A2 Warrants and Series B2 Warrants are issued pursuant to the terms of the 2002 Exchange Agreement, the Series A1 Warrants and the Series B1 Warrants shall be exercisable at the New Exercise Price.
Warrant Repricing. As partial consideration to the Purchasers for entering into this Agreement and subject to the consummation of the Closing, the Company agreed to reduce the exercise price of the February Warrants to $3.2946, and extend the expiration date of the February Warrants to be the third anniversary of the Closing Date. The parties hereto shall use their commercially reasonable efforts to enter into any agreements necessary to effect such repricing and make any required filings with the SEC promptly following the Closing.
Warrant Repricing. Reference is made to those certain Common Stock purchase Warrants (“Existing Warrants”) held by each Purchaser as set forth on such Purchaser’s signature page hereto. The Company hereby agrees to reduce the exercise price of the Existing Warrants to the extent set forth on the Purchaser’s signature page attached hereto to $0.96; provided, however, that such Existing Warrants shall be non-exercisable for 6 months and 1 days and the termination date of such Existing Warrants is amended hereby to be August 10, 2022. This adjustment to the Existing Warrants shall occur automatically upon the Closing and without any further action required by the Company or a Purchaser. In the event a Purchaser wants a new Existing Warrant certificate evidencing the new terms of the Existing Warrants, the Company shall promptly provide such new certificate promptly following the request and receipt of the old certificate. Notwithstanding anything herein to the contrary, in no event shall any Existing Warrants be repriced to the extent it would cause the number of shares of Common Stock underlying the aggregate number of such repriced Existing Warrants (“Repriced Warrant Shares”) to exceed 125 Repriced Warrant Shares for each $1,000 of Subscription Amount by such Purchaser (including any subscription amounts paid for Series G Convertible Preferred Stock).
Warrant Repricing. In consideration of the interim financing ----------------- commitments made by Carso Global and Xx. Xxxx, the exercise price of the $3.00 Warrants is hereby reduced from $3.00 per share to $1.00 per share.
Warrant Repricing. The exercise price of the Class A Warrants, Class B Warrants, and the 85,000 Consent Warrants issued pursuant to Section 11 of the Consent and Waiver dated January 13, 2022, shall be reduced to $9.50 per share.
