Common use of Initial Exercise Price Clause in Contracts

Initial Exercise Price. The initial per share exercise price pursuant to this Warrant shall be the price at which shares of Common Stock are offered to the public in the Company's initial public offering of Common Stock pursuant to an effective registration statement filed with the Securities and Exchange Commission. Such exercise price shall be subject to adjustment pursuant to Section 1.2. Such exercise price, as adjusted from time to time in accordance with Section 1.2, is referred to as the "Exercise Price."