Common use of Net Issuance Clause in Contracts

Net Issuance. Notwithstanding anything to the contrary contained in Section 1(a) hereof, in the case of any exercise on or prior to January 26, 2001 the Holder may elect to exercise this Warrant in whole or in part by receiving shares of Common Stock equal to the net issuance value (as determined below) of this Warrant, or any part hereof, upon surrender of this Warrant at the principal office of the Company together with notice of such election (with the form at the end hereof duly executed), in which event the Company shall issue to the Holder a number of shares of Common Stock computed using the following formula: X = Y (A-B) ------- A Where: X = the number of shares of Common Stock to be issued to the Holder Y = the number of shares of Common Stock as to which this Warrant is to be exercised A = the daily mean average of the closing price of a share of Common Stock on the ten consecutive trading days before the conversion date B = the Exercise Price

Net Issuance. Notwithstanding anything to the contrary contained in Section 1(a) hereof, in the case of any exercise on or prior to January 26_________ __, 2001 2004 the Holder may elect to exercise this Warrant in whole or in part by receiving shares of Common Stock equal to the net issuance value (as determined below) of this Warrant, or any part hereof, upon surrender of this Warrant at the principal office of the Company together with notice of such election (with the form at the end hereof duly executed), in which event the Company shall issue to the Holder a number of shares of Common Stock computed using the following formula: X = X= Y (A-B) ------- A Where: X = the number of shares of Common Stock to be issued to the Holder Y = the number of shares of Common Stock as to which this Warrant is to be exercised A = the daily mean average of the closing price of a share of Common Stock on the ten consecutive trading days before the conversion date B = the Exercise Price

Net Issuance. Notwithstanding anything to the contrary contained in Section 1(a) hereof, in the case of any exercise on or prior to January 26November 20, 2001 2000 the Holder may elect to exercise this Warrant in whole or in part by receiving shares of Common Stock equal to the net issuance value (as determined below) of this Warrant, or any part hereof, upon surrender of this Warrant at the principal office of the Company together with notice of such election (with the form at the end hereof duly executed), in which event the Company shall issue to the Holder a number of shares of Common Stock computed using the following formula: X = Y (A-B) ------- A Where: X = the number of shares of Common Stock to be issued to the Holder Y = the number of shares of Common Stock as to which this Warrant is to be exercised A = the daily mean average of the closing price of a share of Common Stock on the ten consecutive trading days before the conversion date B = the Exercise Price

Net Issuance. Notwithstanding anything to the contrary contained in Section 1(a) hereof, in the case of any exercise on or prior to January 26November 30, 2001 the Holder may elect to exercise this Warrant in whole or in part by receiving shares of Common Stock equal to the net issuance value (as determined below) of this Warrant, or any part hereof, upon surrender of this Warrant at the principal office of the Company together with notice of such election (with the form at the end hereof duly executed), in which event the Company shall issue to the Holder a number of shares of Common Stock computed using the following formula: X = Y (A-B) ------- A Where: X = the number of shares of Common Stock to be issued to the Holder Y = the number of shares of Common Stock as to which this Warrant is to be exercised A = the daily mean average of the closing price of a share of Common Stock on the ten consecutive trading days before the conversion date B = the Exercise Price

Net Issuance. Notwithstanding anything to the contrary contained in Section 1(a) hereof, in the case of any exercise on or prior to January 26November 29, 2001 2004 the Holder may elect to exercise this Warrant in whole or in part by receiving shares of Common Stock equal to the net issuance value (as determined below) of this Warrant, or any part hereof, upon surrender of this Warrant at the principal office of the Company together with notice of such election (with the form at the end hereof duly executed), in which event the Company shall issue to the Holder a number of shares of Common Stock computed using the following formula: X = X= Y (A-B) ------- A Where: X = the number of shares of Common Stock to be issued to the Holder Y = the number of shares of Common Stock as to which this Warrant is to be exercised A = the daily mean average of the closing last sale price of a share of Common Stock on the ten consecutive trading days before the conversion date date, as reported by Bloomberg, L.P. or if not so reported, on a consolidated transaction reporting system B = the Exercise Price

Net Issuance. Notwithstanding anything to the contrary contained in Section 1(a) hereof, in the case of any exercise on or prior to January 26June 1, 2001 the Holder may elect to exercise this Warrant in whole or in part by receiving shares of Common Stock equal to the net issuance value (as determined below) of this Warrant, or any part hereof, upon surrender of this Warrant at the principal office of the Company together with notice of such election (with the form at the end hereof duly executed), in which event the Company shall issue to the Holder a number of shares of Common Stock computed using the following formula: X = Y (A-B) ------- A Where: X = the number of shares of Common Stock to be issued to the Holder Y = the number of shares of Common Stock as to which this Warrant is to be exercised A = the daily mean average of the closing price of a share of Common Stock on the ten consecutive trading days before the conversion date B = the Exercise Price

Net Issuance. Notwithstanding anything to the contrary contained in Section 1(a) hereof, in the case of any exercise on or prior to January 26February 18, 2001 the Holder may elect to exercise this Warrant in whole or in part by receiving shares of Common Stock equal to the net issuance value (as determined below) of this Warrant, or any part hereof, upon surrender of this Warrant at the principal office of the Company together with notice of such election (with the form at the end hereof duly executed), in which event the Company shall issue to the Holder a number of shares of Common Stock computed using the following formula: X = X= Y (A-B) ------- A Where: X = the number of shares of Common Stock to be issued to the Holder Y = the number of shares of Common Stock as to which this Warrant is to be exercised A = the daily mean average of the closing price of a share of Common Stock on the ten consecutive trading days before the conversion date B = the Exercise Price