Net Issuance Exercise. At any time during the Exercise Period the Holder may elect to receive by delivery of a duly executed Net Issuance Form at the Exercise Location, without the payment by the Holder of any additional consideration, a number of fully-paid non-assessable Warrant Shares as is computed by the following formula: X = Y (A-B) where X = the number of Warrant Shares that shall be issued to the Holder. Y = the number of Warrant Shares in respect of which the net issuance election is being made.
Net Issuance Exercise. If the Holder elects to exercise this Warrant by delivery of a Notice of Net Issuance, the Holder shall receive the number of fully-paid nonassessable Shares as is computed by the following formula: X = Y(A-B) ------ A where X = the number of Shares that shall be issued to the Holder. Y = the number of Shares in respect of which the Notice of Net Issuance is being made. A = the offering price of one Share in the Corporation's initial public offering.
Net Issuance Exercise. The undersigned hereby elects to exercise shares of Common Stock of AutoAp, Inc., pursuant to the terms of Section 3.2 of this Warrant, and to receive so many shares as a result as are properly calculated under that Section. The undersigned tenders the Warrant for exercise, and, if the stated number of shares is less than the total number of shares represented by the Warrant, requests return of a replacement warrant representing the balance of the shares. Please issue a certificate or certificates representing the resulting shares in the name of the undersigned or in such other name or names as are specified below. Name: Signature: Address: Social Security # or Tax ID: Exhibit B DISCLOSURE SCHEDULE
Net Issuance Exercise. Notwithstanding any other provision contained herein to the contrary, the Holder may elect to receive, without the payment by the Holder of the aggregate Exercise Price in respect of the Shares to be acquired, Shares equal to the value of this Warrant or any portion hereof by the surrender of this Warrant (or such portion of this Warrant being so exercised) together with the Net Issue Election Notice annexed hereto as Exhibit C duly executed, at the office of the Company. Thereupon, the Company shall issue to the Holder such number of fully paid, validly issued and non-assessable Shares as is computed using the following formula: where
Net Issuance Exercise. Notwithstanding anything to the contrary set forth herein, Holder may, at Holder’s election, exercise this Warrant by either (i) paying to the Company an amount equal to the aggregate Warrant Price of the shares being purchased or (ii) receiving shares of Preferred Stock equal to the value (as determined below) of this Warrant, in which event the Company shall issue to Holder a number of shares of Preferred Stock computed using the following formula: X = Y(A-B) Where: X = the number of shares to be issued to Holder Y = the total number of shares purchasable under this Warrant A = the Current Fair Market Value of one share of Preferred Stock B = the Warrant Price then in effect As used herein, “Current Fair Market Value of Preferred Stock” with respect to each share of Preferred Stock means the following, as applicable:
Net Issuance Exercise. At any time during the Exercise Period the Holder may elect to receive by delivery of a duly executed Net Issuance Form at the Exercise Location, without the payment by the Holder of any additional consideration, a number of fully-paid non-assessable Warrant Shares as is computed by the following formula: X = Y (A-B) A where X = the number of Warrant Shares that shall be issued to the Holder. Y = the number of Warrant Shares in respect of which the net issuance election is being made. A = the “Fair Market Value” (as defined herein) of one Common Share as at the time the net issuance election is made. B = the Exercise Price (as adjusted to the date of calculation)
