Warrants Adjustments. For clarity, in connection with any consolidation of the Common Shares in accordance with Section 7.1(v), the exercise price of all outstanding Warrants shall be adjusted accordingly. In addition, if the closing price of the Common Shares on the CSE shall have been lower than 75% of the Commitment Warrant Exercise Price or the Facility Warrant Exercise Price of any outstanding Warrants, as applicable, for a period of more than ten (10) consecutive Business Days, upon the written request by the Investor, the Corporation shall as soon as reasonably practicable effect the requested adjustments to the exercise price and/or the term of one or more tranches of the outstanding Warrants; provided that such adjustments comply with applicable law and the rules of any exchange on which the Common Shares are listed for trading, including the CSE.
