Common use of Payment of Warrant Price Clause in Contracts

Payment of Warrant Price. Payment of the Exercise Price may be made by either of the following, or a combination thereof, at the election of Holder: (i) Cash Exercise: cash, bank or cashiers check or wire transfer; or (ii) Cashless Exercise: surrender of this Warrant .at the principal office of the Company together with notice of cashless election, in which event the Company shall issue Holder a number of shares of Common Stock computed using the following WARRANT: 1 formula: X = Y (A-B)/A where: X = the number of shares of Common Stock to be issued to Holder; Y = the number of shares of Common Stock for which this Warrant is being exercised; A= the market price of the Common Stock; and B= the Exercise Price of [as determined upon exercise in paragraph 2]. For purposes of Rule 144 and this section, it is intended, understood and acknowledged that the Common Stock issuable upon exercise of this Warrant in a cashless exercise transaction shall be deemed to have been acquired at the time this Warrant was issued. Moreover, it is intended, understood and acknowledged that the holding period fur the Common Stock issuable upon exercise of this Warrant in a cashless exercise transaction shall be deemed to have commenced on the date this Warrant was issued.

Payment of Warrant Price. Payment of the Exercise Price for the Warrants may be made made, by either the surrender of the followingForm of Exercise attached hereto as Exhibit A (duly executed by the Holder), or a combination thereofto the Corporation, at and: (a) by making payment, by wire transfer of United States funds to the election of Holder: (i) Cash Exercise: cash, bank or cashiers check or wire transfer; or (ii) Cashless Exercise: surrender of this Warrant .at the principal office account of the Company together with Corporation (the wiring instructions of which are provided in the Form of Exercise or as otherwise amended by notice in writing to the Holder), in the amount obtained by multiplying (a) the number of shares of Common Stock designated by the Holder in the Form of Exercise by (b) the Exercise Price then in effect. (b) indicating a cashless electionexercise, in which event the Company shall issue Holder withhold a sufficient number of shares of Common Stock computed using the following WARRANT: 1 formula: X = Y (A-B)/A where: X = the number of shares of Common Stock to be issued to Holder; Y = the number of shares of Common Stock for which Shares covered by this Warrant is being exercised; A= to satisfy the market price of the Common Stock; and B= the aggregate Exercise Price of [as determined upon exercise in paragraph 2]Price. For purposes of Rule 144 and this section, it is intended, understood and acknowledged that the Common Stock common stock issuable upon exercise of this Warrant in a cashless exercise transaction shall be deemed to have been acquired at the time this Warrant was exercised and the common shares issued. Moreover, it is intended, understood and acknowledged that the holding period fur for the Common Stock common stock issuable upon exercise of this Warrant in a cashless exercise transaction shall be deemed to have commenced on the date this Warrant was exercised and the common shares issued.

Payment of Warrant Price. Payment of the Exercise Price for the Warrants may be made made, by either the following: (a) Surrender of the followingForm of Exercise attached hereto as Exhibit A (duly executed by the Holder), or a combination thereofto the Corporation, at and by making payment, by wire transfer of United States funds to the election of Holder: (i) Cash Exercise: cash, bank or cashiers check or wire transfer; or (ii) Cashless Exercise: surrender of this Warrant .at the principal office account of the Company together with Corporation (the wiring instructions of which are provided in the Form of Exercise or as otherwise amended by notice of cashless electionin writing to the Holder), in which event the Company shall issue Holder a number of shares of Common Stock computed using the following WARRANT: 1 formula: X = Y amount obtained by multiplying (A-B)/A where: X = a) the number of shares of Common Stock to be issued to Holder; Y = designated by the Holder in the Form of Exercise by (b) the Exercise Price then in effect. The Holder and any assignee, by acceptance of this Warrant, acknowledge and agree that, by reason of the provisions of this Paragraph, following the purchase of a portion of the Warrant shares hereunder, the number of Warrant shares of Common Stock available for which this Warrant is being exercised; A= purchase hereunder at any given time may be less than the market price of amount stated on the Common Stock; and B= the Exercise Price of [as determined upon exercise in paragraph 2]face hereof. For purposes of Rule 144 and this section, it is intended, understood and acknowledged that the Common Stock common stock issuable upon exercise of this Warrant in a cashless exercise transaction shall be deemed to have been acquired at the time this Warrant was exercised and the common shares issued. Moreover, it is intended, understood and acknowledged that the holding period fur for the Common Stock common stock issuable upon exercise of this Warrant in a cashless exercise transaction shall be deemed to have commenced on the date this Warrant was exercised and the common shares issued.

Payment of Warrant Price. Payment of the Exercise Price for Warrants that have vested upon the attainment of a certain Vesting Milestone(s) may be made made, by either the following: (a) Surrender of the followingForm of Exercise attached hereto as Exhibit A (duly executed by the Holder), or a combination thereofto the Corporation, at and by making payment, by wire transfer of United States funds to the election of Holder: (i) Cash Exercise: cash, bank or cashiers check or wire transfer; or (ii) Cashless Exercise: surrender of this Warrant .at the principal office account of the Company together with Corporation (the wiring instructions of which are provided in the Form of Exercise or as otherwise amended by notice of cashless electionin writing to the Holder), in which event the Company shall issue Holder a number of shares of Common Stock computed using the following WARRANT: 1 formula: X = Y amount obtained by multiplying (A-B)/A where: X = a) the number of shares of Common Stock to be issued to Holder; Y = designated by the number Holder in the Form of shares of Common Stock for which this Warrant is being exercised; A= the market price of the Common Stock; and B= Exercise by (b) the Exercise Price of [as determined upon exercise then in paragraph 2]effect. For purposes of Rule 144 and this section, it is intended, understood and acknowledged that the Common Stock common stock issuable upon exercise of this Warrant in a cashless exercise transaction shall be deemed to have been acquired at the time this Warrant was exercised and the common shares issued. Moreover, it is intended, understood and acknowledged that the holding period fur for the Common Stock common stock issuable upon exercise of this Warrant in a cashless exercise transaction shall be deemed to have commenced on the date this Warrant was exercised and the common shares issued.