Common use of Purchase Price Reset Provision Clause in Contracts

Purchase Price Reset Provision. In the event that prior to the expiration of this Warrant the Company sells publicly (i) shares of its Common Stock, (ii) securities convertible into shares of its Common Stock, (iii) options or warrants to purchase shares of its Common Stock or securities convertible into shares of its Common Stock at a sale, conversion or exercise price per share, or (iv) issuance of shares to employees or independent contractors as compensation for services rendered (the “Issue Price”), as the case may be, less than the Exercise Price then in effect, the Exercise Price shall be reset to the Issue Price and the number of shares purchasable pursuant to this Warrant shall be increased pro rata to the percentage reduction in the Exercise Price, provided, however, that the reset provision shall not apply to (i) any shares issued upon the exercise or conversion of any currently outstanding options, warrants, or convertible securities, or (ii) any Common Stock options or warrants issuable pursuant to an existing employee stock option plan or other existing compensation arrangement or any underlying Common Stock issued on the exercise thereof, but not pursuant to any amendment relating thereto to the extent such amendment increase the number of shares issuable under such plan or arrangement. The Issue Price shall be calculated taking into account the amount paid for the issuance of such Common Stock, option or warrant or convertible security and the amount, if any, payable upon the exercise or conversion thereof.

Purchase Price Reset Provision. In the event that prior to the expiration of this Warrant the Company sells publicly or privately (i) shares of its Common Stock, (ii) securities convertible into shares of its Common Stock, or (iii) options or warrants to purchase shares of its Common Stock or securities convertible into shares of its Common Stock at a sale, conversion or exercise price per share, or (iv) issuance of shares to employees or independent contractors as compensation for services rendered share (the “"Issue Price”"), as the case may be, less than the Exercise Purchase Price then in effect, the Exercise Purchase Price shall be reset to the Issue Price and the number of shares purchasable pursuant to this Warrant shall be increased pro rata to the percentage reduction in the Exercise Purchase Price, provided, however, that the reset provision shall not apply to (ix) any shares issued upon the exercise or conversion of any currently outstanding options, warrants, warrants or convertible securities, or (iiy) any Common Stock options or warrants issuable pursuant to an existing employee stock option plan or other existing compensation arrangement or any underlying Common Stock issued on the exercise thereof, but not pursuant to any amendment relating thereto to the extent such amendment increase increases the number of shares issuable under such plan or arrangement. The Issue Price shall be calculated taking into account the amount paid for the issuance of such Common Stock, option or warrant or convertible security and the amount, if any, payable upon the exercise or conversion thereof.

Purchase Price Reset Provision. In the event that prior to the expiration of this Warrant the Company sells publicly or privately (i) shares of its Common Stock, (ii) securities convertible into shares of its Common Stock, or (iii) options or warrants to purchase shares of its Common Stock or securities convertible into shares of its Common Stock at a sale, conversion or exercise price per share, or (iv) issuance of shares to employees or independent contractors as compensation for services rendered share (the “Issue Price”), as the case may be, less than the Exercise Purchase Price then in effect, the Exercise Purchase Price shall be reset to the Issue Price and the number of shares purchasable pursuant to this Warrant shall be increased pro rata to the percentage reduction in the Exercise Purchase Price, provided, however, that the reset provision shall not apply to (i) any shares issued upon the exercise or conversion of any currently outstanding options, warrants, warrants or convertible securities, or (ii) any Common Stock options or warrants issuable pursuant to an existing employee stock option plan or other existing compensation arrangement or any underlying Common Stock issued on the exercise thereof, but not pursuant to any amendment relating thereto to the extent such amendment increase increases the number of shares issuable under such plan or arrangement. The Issue Price shall be calculated taking into account the amount paid for the issuance of such Common Stock, option or warrant or convertible security and the amount, if any, payable upon the exercise or conversion thereof.

Purchase Price Reset Provision. In the event that prior to the expiration of this Warrant Warrant, the Company sells publicly or privately (i) shares of its Common Stock, (ii) securities convertible into shares of its Common Stock, or (iii) options or warrants to purchase shares of its Common Stock or securities convertible into shares of its Common Stock at a sale, conversion or exercise price per share, or (iv) issuance of shares to employees or independent contractors as compensation for services rendered share (the “Issue Price”), as the case may be, less than the Exercise Purchase Price then in effect, the Exercise Purchase Price shall be reset to the Issue Price and the number of shares purchasable pursuant to this Warrant shall be increased pro rata to the percentage reduction in the Exercise Purchase Price, provided, however, that the reset provision shall not apply to (i) any shares issued upon the exercise or conversion of any currently outstanding options, warrants, warrants or convertible securities, or (ii) any Common Stock options or warrants issuable pursuant to an existing employee stock option plan or other existing compensation arrangement or any underlying Common Stock issued on the exercise thereof, but not pursuant to any amendment relating thereto to the extent such amendment increase increases the number of shares issuable under such plan or arrangement. The Issue Price shall be calculated taking into account the amount paid for the issuance of such Common Stock, option or warrant or convertible security and the amount, if any, payable upon the exercise or conversion thereof.

Purchase Price Reset Provision. In the event that prior to the expiration of this Warrant the Company sells publicly or privately (i) shares of its Common Stock, (ii) securities convertible into shares of its Common Stock, or (iii) options or warrants to purchase shares of its Common Stock or securities convertible into shares of its Common Stock at a sale, conversion or exercise price per share, or (iv) issuance of shares to employees or independent contractors as compensation for services rendered share (the “"Issue Price”"), as the case may be, less than the Exercise Purchase Price then in effect, the Exercise Purchase Price shall be reset to the Issue Price and the number of shares purchasable pursuant to this Warrant shall be increased pro rata to the percentage reduction in the Exercise Purchase Price, providedPROVIDED, howeverHOWEVER, that the reset provision shall not apply to (i) any shares issued upon the exercise or conversion of any currently outstanding options, warrants, warrants or convertible securities, or (ii) any Common Stock options or warrants issuable pursuant to an existing employee stock option plan or other existing compensation arrangement or any underlying Common Stock issued on the exercise thereof, but not pursuant to any amendment relating thereto to the extent such amendment increase increases the number of shares issuable under such plan or arrangement. The Issue Price shall be calculated taking into account the amount paid for the issuance of such Common Stock, option or warrant or convertible security and the amount, if any, payable upon the exercise or conversion thereof.

Purchase Price Reset Provision. In the event that prior to the expiration of this Warrant the Company sells publicly (i) shares of its Common Stock, (ii) securities convertible into shares of its Common Stock, or (iii) options or warrants to purchase shares of its Common Stock or securities convertible into shares of its Common Stock at a sale, conversion or exercise price per share, or (iv) issuance of shares to employees or independent contractors as compensation for services rendered share (the “Issue Price”), as the case may be, less than the Exercise Price then in effect, the Exercise Price shall be reset to the Issue Price and the number of shares purchasable pursuant to this Warrant shall be increased pro rata to the percentage reduction in the Exercise Price, provided, however, that the reset provision shall not apply to (i) any shares issued upon the exercise or conversion of any currently outstanding options, warrants, or convertible securities, or (ii) any Common Stock options or warrants issuable pursuant to an existing employee stock option plan or other existing compensation arrangement or any underlying Common Stock issued on the exercise thereof, but not pursuant to any amendment relating thereto to the extent such amendment increase the number of shares issuable under such plan or arrangement. The Issue Price shall be calculated taking into account the amount paid for the issuance of such Common Stock, option or warrant or convertible security and the amount, if any, payable upon the exercise or conversion thereof.

Purchase Price Reset Provision. In the event that If prior to the expiration of this Warrant the Company sells publicly (i) shares of its Common Stock, (ii) securities convertible into shares of its Common Stock, or (iii) options or warrants to purchase shares of its Common Stock or securities convertible into shares of its Common Stock at a sale, conversion or exercise price per share, or (iv) issuance of shares to employees or independent contractors as compensation for services rendered share (the “"Issue Price”"), as the case may be, less than the Exercise Price then in effect, the Exercise Price shall be reset to the Issue Price and the number of shares purchasable pursuant to this Warrant shall be increased pro rata to the percentage reduction in the Exercise Price, provided, however, that the reset provision shall not apply to (i) any shares issued upon the exercise or conversion of any currently outstanding options, warrants, or convertible securities, or (ii) any Common Stock options or warrants issuable pursuant to an existing employee stock option plan or other existing compensation arrangement or any underlying Common Stock issued on the exercise thereof, but not pursuant to any amendment relating thereto to the extent such amendment increase the number of shares issuable under such plan or arrangement. The Issue Price shall be calculated taking into account the amount paid for the issuance of such Common Stock, option or warrant or convertible security and the amount, if any, payable upon the exercise or conversion thereof.

Purchase Price Reset Provision. In the event that prior to the expiration of this Warrant the Company sells publicly or privately (i) shares of its Common Stock, (ii) securities convertible into shares of its Common Stock, or (iii) options or warrants to purchase shares of its Common Stock or securities convertible into shares of its Common Stock at a sale, conversion or exercise price per share, or (iv) issuance of shares to employees or independent contractors as compensation for services rendered share (the “Issue Price”), as the case may be, less than the Exercise Purchase Price then in effect, the Exercise Purchase Price shall be reset to the Issue Price and the number of shares purchasable pursuant to this Warrant shall be increased pro rata to the percentage reduction in the Exercise Purchase Price, provided, however, that the reset provision shall not apply to (ix) any shares issued upon the exercise or conversion of any currently outstanding options, warrants, warrants or convertible securities, or (iiy) any Common Stock options or warrants issuable pursuant to an existing employee stock option plan or other existing compensation arrangement or any underlying Common Stock issued on the exercise thereof, but not pursuant to any amendment relating thereto to the extent such amendment increase increases the number of shares issuable under such plan or arrangement. The Issue Price shall be calculated taking into account the amount paid for the issuance of such Common Stock, option or warrant or convertible security and the amount, if any, payable upon the exercise or conversion thereof.