Common use of Reset Provisions Clause in Contracts

Reset Provisions. The 2,000,000 shares of lnsynQ stock comprising Kaplan's portion due on comp▇▇▇▇▇▇ of the Share Swap Phase shall be entitled to a reset provision, InsynQ hereby covenants that if lnsynQ's share price for the previous 30 days is less than US$.50 one year from the Closing of this Transaction, then InsynQ will issue USC additional lnsynQ shares to retroactively augment the number of shares in the original share swap so that the total value of the shares is equivalent to $1,000,000 USD on said date. This reset is limited to the original shareholders of record on the day of closing.

Reset Provisions. The 2,000,000 shares of lnsynQ stock comprising Kaplan's portion due on comp▇▇▇▇▇▇ ▇▇▇on of the Share Swap Phase shall be entitled to a reset provision, InsynQ hereby covenants that if lnsynQ's share price for the previous 30 days is less than US$.50 one year from the Closing of this Transaction, then InsynQ will issue USC additional lnsynQ shares to retroactively augment the number of shares in the original share swap so that the total value of the shares is equivalent to $1,000,000 USD on said date. This reset is limited to the original shareholders of record on the day of closing.