Common use of Payment of the Aggregate Exercise Price Clause in Contracts

Payment of the Aggregate Exercise Price. Payment of the aggregate Exercise Price for any partial or full exercise of this Warrant shall be made, solely at the option of the Holder as expressed in the Notice of Exercise, by the following methods: (i) by delivery to the Company of a cashier’s check drawn on a United States bank payable to the order of the Company or by wire transfer of immediately available funds to an account designated in writing by the Company; (ii) by surrender to the Company of Senior Secured Loans then outstanding having a principal amount and accrued and unpaid interest equal to the aggregate Exercise Price; (iii) by means of a “cashless exercise” in which the Holder shall be entitled to receive a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where: (A) = the VWAP on the Trading Day immediately preceding the date on which the Holder elects to exercise this Warrant by means of a “cashless exercise,” as set forth in the applicable Notice of Exercise; (B) = the Exercise Price of this Warrant, as adjusted hereunder; and