Common use of Method of Redemption Clause in Contracts

Method of Redemption. If the closing bid price of the Common Stock shall have equaled or exceeded $5.50 per share for a period of twenty (20) consecutive trading days at any time during the term hereof, the Company may, in its sole discretion, redeem the Class A Warrants by paying Warrant Holders $.05 per Warrant, provided such notice is mailed to all Warrant holders not later than twenty (20) days after the end of such period and prescribes a redemption date at least thirty (30) days but not more than sixty (60) days thereafter. Warrant Holders will be entitled to exercise Class A Warrants at any time up to the business day next preceding the redemption date.

Method of Redemption. If the closing bid price of the Common Stock shall have equaled or exceeded $5.50 7.50 per share for a period of twenty (20) consecutive trading days at any time during the term hereof, the Company may, in its sole discretion, redeem the Class A B Warrants by paying Warrant Holders $.05 per Warrant, provided such notice is mailed to all Warrant holders not later than twenty (20) days after the end of such period and prescribes a redemption date at least thirty (30) days but not more than sixty (60) days thereafter. Warrant Holders will be entitled to exercise Class A B Warrants at any time up to the business day next preceding the redemption date.

Method of Redemption. If the closing bid price of the Common Stock shall have equaled or exceeded $5.50 per share for a period of twenty (20) consecutive trading days at any time during the term hereof, the Company may, in its sole discretion, redeem the Class A C Warrants by paying Warrant Holders $.05 per Warrant, provided such notice is mailed to all Warrant holders not later than twenty (20) days after the end of such period and prescribes a redemption date at least thirty (30) days but not more than sixty (60) days thereafter. Warrant Holders will be entitled to exercise Class A C Warrants at any time up to the business day next preceding the redemption date.