Common use of Net Exercise Election Clause in Contracts

Net Exercise Election. The Warrant Holder may elect to convert all or a portion of this Warrant, without the payment by the Warrant Holder of any additional consideration, by the surrender of this Warrant or such portion to the Company, with the net exercise election selected in the subscription form attached hereto duly executed by the Warrant Holder, into up to the number of shares of Warrant Stock that is obtained under the following formula: X = Y (A-B) ------- A where X = the number of shares of Warrant Stock to be issued to the Warrant Holder pursuant to this Section 2.7. Y = the number of shares of Warrant Stock as to which this Warrant is being net exercised.

Net Exercise Election. The Warrant Holder may elect to convert all or a portion of this Warrant, without the payment by the Warrant Holder of any additional consideration, by the surrender of this Warrant or such portion to the Company, with the net exercise election selected in the subscription form attached hereto duly executed by the Warrant Holder, into up to the number of shares of Warrant Stock that is obtained under the following formula: X = Y (A-B) ------- A where X = the number of shares of Warrant Stock to be issued to the Warrant Holder pursuant to this Section 2.72.6. Y = the number of shares of Warrant Stock as to which this Warrant is being net exercised.

Net Exercise Election. The Warrant (a) Holder may elect to convert all or a any portion of this Warrant, without the payment by the Warrant Holder of any additional consideration, by the surrender of this Warrant or such portion to the Company, with the net exercise election selected in the subscription form attached hereto hereto, duly executed by the Warrant Holder, into up to the number of shares of Warrant Stock that is obtained under the following formula: X = Y (A-B) ------- A where X = the number of shares of Warrant Stock to be issued to the Holder pursuant to a net exercise of this Warrant Holder effected pursuant to this Section 2.7. Y = the number of shares of Warrant Stock as with respect to which Holder is exercising its purchase rights under this Warrant is being net exercisedWarrant.

Net Exercise Election. The Warrant Holder may elect to convert all or a portion of this Warrant, without the payment by the Warrant Holder of the Exercise Price or of any additional other consideration, by the surrender of this Warrant or such portion to the Company, with the net exercise election selected in the subscription form attached hereto duly executed by the Warrant Holder, into up to the number of shares of Warrant Stock that is obtained under the following formula: X = Y (A-B) ------- A where X = the number of shares of Warrant Stock to be issued to the Warrant Holder pursuant to this Section 2.72.5. Y = the number of shares of Warrant Stock as to which that could be acquired upon a cash exercise of the portion of this Warrant being surrendered at the time the net exercise election is being net exercisedmade pursuant to this Section 2.5.

Net Exercise Election. The Warrant Holder may elect to convert all or a portion of this Warrant, without the payment by the Warrant Holder of any additional consideration, by the surrender of this Warrant or such portion to the Company, with the net exercise election selected in the subscription form attached hereto duly executed by the Warrant Holder, into up to the number of shares of Warrant Stock that is obtained under the following formula: X = Y (A-B) ------- -------- A where X = the number of shares of Warrant Stock to be issued to the Warrant Holder pursuant to this Section 2.7. Y = the number of shares of Warrant Stock as to which this Warrant is being net exercised.

Net Exercise Election. The Warrant Holder may elect to convert all or a portion of this WarrantWarrant (to the extent vested), without the payment by the Warrant Holder of any additional consideration, by the surrender of this Warrant or such portion to the Company, with the net exercise election selected in the subscription form attached hereto duly executed by the Warrant Holder, into up to the number of shares of Warrant Stock that is obtained under the following formula: X = Y (A-B) ------- A where X = the number of shares of Warrant Stock to be issued to the Warrant Holder pursuant to this Section 2.72.9. Y = the number of shares of Warrant Stock as to (at the date of such calculation) for which this Warrant is being net may then be exercised.