Common use of Additional Equity Financing Clause in Contracts

Additional Equity Financing. Within the 6 month anniversary of the Closing Date, the Company shall raise gross proceeds the aggregate minimum amount of $5,000,000 through the sale and issuance of Common Stock and equity of the Company. If the Company does not raise at least $5,000,000 within the 6 month period, then the Exercise Price shall be reduced by $0.25, , subject to adjustment herein, but not to less than $0.0001.

Additional Equity Financing. Within the 6 month anniversary of the Closing Date, the Company shall raise gross proceeds in the aggregate minimum amount of $5,000,000 through the sale and issuance of Common Stock and equity of the Company. If the Company does not raise at least $5,000,000 within the 6 month period, then the Exercise Price Company shall be reduced (i) issue to the Purchasers, on a pro rata basis, an additional 1 million shares of Common Stock and (ii) reduce the exercise price of the Warrants by $0.25, , subject to adjustment hereintherein, but not to less than $0.0001.