(c) The suspending and debarring official may reduce the period or extent of debarment, upon the contractor’s request, supported by documentation, for reasons such as-

(1) Newly discovered material evidence;

(2) Reversal of the conviction or civil judgment upon which the debarment was based;

(3) Bona fide change in ownership or management;

(4) Elimination of other causes for which the debarment was imposed; or

(5) Other reasons the the suspending and debarring official deems appropriate.