Common use of Reset Clause in Contracts

Reset. On the Reset Date, the Exercise Price for this Warrant shall be adjusted to the Reference Price. Upon such reset of the Exercise Price pursuant to this Section 3(h), the number of Warrant Shares issuable immediately prior to such reset shall be adjusted to the number of Ordinary Shares determined by multiplying the Exercise Price then in effect at issuance by the number of Warrant Shares acquirable upon exercise of this Warrant immediately prior to such reset and dividing the product thereof by the Exercise Price resulting from such reset. i. Notwithstanding the foregoing, if a Holder requests to exercise this Warrant in whole or in part on any given date prior to the Reset Date, solely with respect to such portion of this Warrant being exercised on such applicable Exercise Date, (a) such applicable Reset Date shall be deemed to mean the Exercise Date, and (b) the applicable Reference Price for such exercised Warrants shall be calculated pursuant to this Section 3(h). For the avoidance of doubt, following the calculation of the Reference Price pursuant to this Section 3(h)(i), the Company’s obligations with regard to such exercised Warrants shall be deemed satisfied and no additional Reference Price shall apply to such exercised Warrants.

Reset. On the Reset Date, the Exercise Price for this Warrant shall be adjusted to equal the Reference Pricelower of (i) the Exercise Price then in effect and (ii) the Reset Price determined as of the date of determination. Upon such reset of the Exercise Price pursuant to this Section 3(h3(j), the number of Warrant Shares issuable immediately prior to such reset hereunder shall be adjusted to increased such that the number of Ordinary Shares determined by multiplying the aggregate Exercise Price then in effect at issuance by the number of Warrant Shares acquirable upon exercise of this Warrant immediately prior to such reset and dividing on the product thereof by Issuance Date for the Exercise Price resulting from Warrant Shares then outstanding shall remain unchanged following such reset. i. . Notwithstanding the foregoing, if a Holder requests to exercise this Warrant in whole or in part on any given date prior to the Reset Date, solely with respect to such portion of this Warrant being exercised on such applicable Exercise Date, (a) such applicable Reset Date shall be deemed to mean the Exercise Date, and (b) such applicable Reset Period shall be deemed to have ended on the Trading Day immediately prior to the Exercise Date and (c) the applicable Reference Reset Price for such exercised Warrants shall be calculated pursuant to this Section 3(h3(j). For the avoidance of doubt, following the calculation of the Reference Reset Price pursuant to this Section 3(h)(i3(j), the Company’s obligations with regard to such exercised Warrants shall be deemed satisfied and no additional Reference Reset Price shall apply to such exercised Warrants.

Reset. On Beginning on the Shareholder Approval Date and ending on the Reset Date, the Exercise Price for this Warrant shall be adjusted to equal the Reference Pricelower of (i) the Exercise Price then in effect and (ii) the Reset Price determined as of the date of determination. Upon such reset of the Exercise Price pursuant to this Section 3(h3(j), the number of Warrant Shares issuable immediately prior to such reset hereunder shall be adjusted to increased such that the number of Ordinary Shares determined by multiplying the aggregate Exercise Price then in effect at issuance by the number of Warrant Shares acquirable upon exercise of this Warrant immediately prior to such reset and dividing on the product thereof by Issuance Date for the Exercise Price resulting from Warrant Shares then outstanding shall remain unchanged following such reset. i. . Notwithstanding the foregoing, if a Holder requests to exercise this Warrant in whole or in part on any given date prior to the Reset Date, solely with respect to such portion of this Warrant being exercised on such applicable Exercise Date, (a) such applicable Reset Date shall be deemed to mean the Exercise Date, and (b) such applicable Reset Period shall be deemed to have ended on the Trading Day immediately prior to the Exercise Date and (c) the applicable Reference Reset Price for such exercised Warrants shall be calculated pursuant to this Section 3(h3(j). For the avoidance of doubt, following the calculation of the Reference Reset Price pursuant to this Section 3(h)(i3(j), the Company’s obligations with regard to such exercised Warrants shall be deemed satisfied and no additional Reference Reset Price shall apply to such exercised Warrants.

Reset. On the Reset Date, the Exercise Price for this Warrant shall be adjusted to equal the Reference Pricelower of (i) the Exercise Price then in effect and (ii) the Reset Price determined as of the date of determination. Upon such reset of the Exercise Price pursuant to this Section 3(h3(l), the number of Warrant Shares issuable immediately prior to such reset hereunder shall be adjusted to increased such that the number of Ordinary Shares determined by multiplying the aggregate Exercise Price then in effect at issuance by the number of Warrant Shares acquirable upon exercise of this Warrant immediately prior to such reset and dividing on the product thereof by Issuance Date for the Exercise Price resulting from Warrant Shares then outstanding shall remain unchanged following such reset. i. . Notwithstanding the foregoing, if a Holder requests to exercise this Warrant in whole or in part on any given date prior to the Reset Date, solely with respect to such portion of this Warrant being exercised on such applicable Exercise Date, (a) such applicable Reset Date shall be deemed to mean the Exercise Date, and (b) such applicable Reset Period shall be deemed to have ended on the Trading Day immediately prior to the Exercise Date and (c) the applicable Reference Reset Price for such exercised Warrants shall be calculated pursuant to this Section 3(h3(l). For the avoidance of doubt, following the calculation of the Reference Reset Price pursuant to this Section 3(h)(i3(l), the Company’s obligations with regard to such exercised Warrants shall be deemed satisfied and no additional Reference Reset Price shall apply to such exercised Warrants.

Reset. On the Reset Date, the Exercise Price for this Warrant shall be adjusted to the Reference Price. Upon such reset of the Exercise Price pursuant to this Section 3(h), the number of Warrant Shares issuable immediately prior pursuant to such this Warrant after the reset shall be adjusted to the number of Ordinary Shares determined by multiplying the Exercise Price then in effect at issuance of this Warrant by the number of Warrant Shares acquirable upon exercise of this Warrant immediately prior to such reset and dividing the product thereof by the Exercise Price resulting from such reset. i. Notwithstanding the foregoing, if a Holder requests to exercise this Warrant in whole or in part on any given date prior to the Reset Date, solely with respect to such portion of this Warrant being exercised on such applicable Exercise Date, (a) such applicable Reset Date shall be deemed to mean the Exercise Date, and (b) the applicable Reference Price for such exercised Warrants shall be calculated pursuant to this Section 3(h). For the avoidance of doubt, following the calculation of the Reference Price pursuant to this Section 3(h)(i), the Company’s obligations with regard to such exercised Warrants shall be deemed satisfied and no additional Reference Price shall apply to such exercised Warrants.

Reset. On the seventh calendar day after the Issue Date (the “Reset Date”), the Exercise Price for this Warrant shall be adjusted to 24% of Nasdaq Minimum Price of the Company’s Ordinary Share determined on the Issue Date (the “Reference Price”). Upon such reset of the Exercise Price pursuant to this Section 3(h3(g), the number of Warrant Shares issuable immediately prior to such reset shall be adjusted to the number of Ordinary Shares determined by multiplying the Exercise Price then in effect at issuance on the Issue Date by the number of Warrant Shares acquirable upon exercise of this Warrant immediately prior to such reset and dividing the product thereof by the Exercise Price resulting from such reset. i. Notwithstanding the foregoing, if a Holder requests to exercise this Warrant in whole or in part on any given date prior to the Reset Date, solely with respect to such portion of this Warrant being exercised on such applicable Exercise Date, (a) such applicable Reset Date shall be deemed to mean the Exercise Date, and (b) the applicable Reference Price for such exercised Warrants shall be calculated pursuant to this Section 3(h3(g). For the avoidance of doubt, following the calculation of the Reference Price pursuant to this Section 3(h)(i3(g)(i), the Company’s obligations with regard to such exercised Warrants shall be deemed satisfied and no additional Reference Price shall apply to such exercised Warrants.