Cypher Metaverse Inc C.CODE

RE:RE:what about repricing the warrants? Thoughts?

[mytriade]

The Exchange will generally consent to an amendment to the exercise price of Warrants if the following conditions are satisfied:

(a)

either: (i)

(ii)

the amended exercise price is at or above the Market Price as at the Price Reservation Date for the originating Private Placement; or

the amended exercise price is below the Market Price as at the Price Reservation Date for the originating Private Placement but, concurrent with the exercise price amendment, the term of the Warrants is also being amended to include an accelerated expiry clause such that the exercise period of the Warrants will be reduced to 30 days if, for any ten consecutive trading days during the unexpired term of the Warrant (the "Premium Trading Days"), the closing price of the Listed Shares exceeds the exercise price of the Warrants by: (1) 25% or more if the exercise price is $0.50 or less; (2) 20% or more if the exercise price is between $0.51 and $2.00; and (3) 15% or more if the exercise price is greater than $2.00 (and for more certainty, the reduced exercise period of 30 days will begin no more than 7 calendar days after the tenth Premium Trading Day);