Increase in Warrant Shares. In the event the Exercise Price is reduced for any reason, including but not limited to pursuant to Section 3(e) of this Warrant the number of Warrant Shares issuable hereunder shall be increased such that the aggregate Exercise Price payable hereunder, after taking into account the decrease in the Exercise Price, shall be equal to the aggregate Exercise Price prior to such adjustment.
Increase in Warrant Shares. In the event the Exercise Price is reduced for any reason, including but not limited to pursuant to Section 3(e) of this Warrant the number of Warrant Shares issuable hereunder shall be increased such that the aggregate Exercise Price payable hereunder, after taking into account the decrease in the Exercise Price, shall be equal to the aggregate Exercise Price prior to such adjustment, except that the maximum amount of Warrant Shares to be issued in connection with a reduction of the Exercise Price solely due to the occurrence of a Filing Compliance Default shall not exceed in the aggregate for all Holders of Warrants issued on the Closing Date pursuant to the Purchase Agreement, 25% of the Common Stock and Common Stock Equivalents, including but not limited to management options, outstanding on the date of occurrence of such Filing Compliance Default on a fully diluted basis excluding Exempt Issuances, such amount to be adjusted pro rata to the number of Warrants exercised prior to the occurrence of such default.
Increase in Warrant Shares. Notwithstanding any adjustment to the Exercise Price caused by the New Exercise Price the number of Warrant Shares shall remain at 312,500 shares and shall not be adjusted.
