Common use of Cashless Exercise Clause in Contracts

Cashless Exercise. If at any time on or after the Initial Exercise Date, there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance of the Warrant Shares to the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, there is no effective registration statement registering, or the no current prospectus contained therein is not available for for, the issuance of the Warrant Shares to the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, there is no effective registration statement registeringregistering the Warrant Shares, or the no current prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also be exercisedexercised at the Holder’s election, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, there is no effective registration statement registering, or the no current prospectus contained therein is not available for for, the issuance of the Warrant Shares to the Holder, then this Warrant may also only be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the six month anniversary of the Initial Exercise Date, there is no effective registration statement Registration Statement registering, or no current prospectus available for, the prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also only be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, there is no effective registration statement registering, or the no current prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also be exercisedexercised at the Holder’s election, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, there is no effective registration statement registering, or no current prospectus available for, the prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the 6 month anniversary of the Initial Exercise Date, there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance of the Warrant Shares to the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, there is no effective registration statement registering, or the no current prospectus contained therein is not available for for, the issuance of the Warrant Shares to ADSs by the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares ADSs equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the six-month anniversary of the Initial Exercise Date, there is no effective registration statement registering, or no current prospectus available for, the prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, there is no effective registration statement Registration Statement registering, or the no current prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also be exercisedexercised at the Holder’s election, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or commencing 180 days after the Initial Exercise Date, there is no effective registration statement Registration Statement registering, or the no current prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also be exercisedexercised at the Holder’s election, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Issuance Date, there is no effective registration statement registering, or the prospectus contained therein is not available for for, the issuance of the Warrant Shares to the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Datedate hereof, there is no effective registration statement registering, or the no current prospectus contained therein is not available for for, the issuance of the Warrant Shares to the Holder, then this Warrant may also only be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or If, after the six month anniversary of the Initial Exercise Date, at the time of exercise hereof there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance of the Warrant Shares to the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (XB)*(X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, there is no effective registration statement Registration Statement registering, or no current prospectus available for, the prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, there is no effective registration statement registering, or the no current prospectus contained therein is not available for for, the issuance of the Warrant Shares to the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, Issuance Date there is no effective registration statement registering, or no current prospectus available for, the prospectus contained therein is not available for the issuance resale of the Warrant Shares to ADSs by the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares ADSs equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the six month anniversary of the Initial Exercise Date, there is no effective registration statement registering, or no current prospectus available for, the prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] ) by (A), where:

Cashless Exercise. If at any time on or after the six month anniversary of the Initial Exercise Date, there is no effective registration statement Registration Statement registering, or the no current prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also only be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise DateEffectiveness Date (as defined in the Registration Rights Agreement), there is no effective registration statement Registration Statement, at the time of exercise hereof, registering, or no current prospectus available for, the prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, there is no effective registration statement registering, or the no current prospectus contained therein is not available for for, the issuance of the Warrant Shares to by the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or From and after 60 days following the Initial Exercise Date, if at the time of exercise hereof there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the six month anniversary of the Initial Exercise Date, there is no effective registration statement registering, or no current prospectus available for, the prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive a certificate for the number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, there is no effective registration statement registeringregistering the Warrant Shares, or the prospectus contained therein is not available for the issuance of the Warrant Shares to the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise DatePrice, there is no effective registration statement registering, or the no current prospectus contained therein is not available for for, the issuance of the Warrant Shares to the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after 120 days following the Initial Exercise Date, there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance of the Warrant Shares to the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after 90 calendar days after the Initial Exercise Issue Date, at the time of exercise hereof there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any the time of exercise hereof on or a date that is after the Initial Exercise 90th day anniversary of the Issue Date, there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the six month anniversary of the Initial Exercise Date, there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance of the Warrant Shares to the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, there is no effective registration statement registering, or the prospectus contained therein is not available for for, the issuance of the Warrant Shares to the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the 6 month anniversary of the Initial Exercise Date, there is no effective registration statement Registration Statement registering, or no current prospectus available for, the prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also only be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance of the Warrant Shares to the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time during the term of this Warrant and on or after the Initial Exercise Date, there is no effective registration statement registering, or the no current prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal determined according to the quotient obtained by dividing [following formula (A-a “Cashless Exercise”): Net Number = (A x B) - (X)] by (A), whereA x C) For purposes of the foregoing formula:

Cashless Exercise. If at any time on or after the Initial Exercise Date, there is no effective registration statement registering, or the no current prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal determined according to the quotient obtained by dividing [following formula (A-a “Cashless Exercise”): Net Number = (A x B) - (X)] by (A), whereA x C) For purposes of the foregoing formula:

Cashless Exercise. If at any time on or after the six month anniversary of the Initial Exercise Date, there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, there is no effective registration statement registering, or the no current prospectus contained therein is not available for for, the issuance or resale of the Warrant Shares to the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, Date there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance of resale of, the Warrant Shares to the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any the time on or of exercise hereof and the time of exercise is at least six months after the Initial Exercise Datedate hereof, there is no effective registration statement registering, or the no current prospectus contained therein is not available for for, the issuance or resale of the Warrant Shares to by the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, Date there is no effective registration statement Registration Statement registering, or no current prospectus available for, the prospectus contained therein is not available for the issuance resale of the Warrant Shares to ADSs by the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares ADSs equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after 90 calendar days after the Initial Exercise Issue Date, the time of exercise hereof there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any the time on or of exercise hereof after the Initial Exercise Date, there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance of the Warrant Shares to the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time during the term of this Warrant and on or after the Initial Exercise Date, there is no effective registration statement registering, or the no current prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal determined according to the quotient obtained by dividing [following formula (A-a “Cashless Exercise”): Net Number = (A x B) - (X)] by (A), whereA x C) B For purposes of the foregoing formula:

Cashless Exercise. If at any time on or after the Initial Exercise Date, there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance of the Warrant Shares to the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance of the Warrant Shares ADSs to the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the number of Warrant Shares ADSs equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, there is no effective registration statement registering, or the prospectus contained therein is not available for for, the issuance of the Warrant Shares to the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after 180 days after the Initial Exercise Date, there is no effective registration statement registering, or the no current prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also be exercisedexercised at the Holder’s election, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive a certificate for the number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, there is no effective registration statement registering, or the no current prospectus contained therein is not available for for, the issuance of the Warrant Shares to the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “"cashless exercise” " in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the one year anniversary of the Initial Exercise Date, there is no effective registration statement registering, or no current prospectus available for, the prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also be exercised, in whole or in part, exercised at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive a certificate for the number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, Date there is no effective registration statement registering, or no current prospectus available for, the prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also be exercised, in whole or in part, exercised at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive a certificate for the number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any the time of exercise hereof on or after the date that is six (6) months immediately following the Initial Exercise Date, Date there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “"cashless exercise” " in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or commencing 180 days after the Initial Exercise Date, there is no effective registration statement registering, or the no current prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also be exercisedexercised at the Holder’s election, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, there is no effective registration statement registeringRegistration Statement registering the Warrant Shares, or the prospectus contained therein is not available for the issuance of the Warrant Shares Share to the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or commencing after the Initial Exercise Date, there is no effective registration statement Registration Statement registering, or the no current prospectus contained therein is not available for the issuance resale of all of the Warrant Shares that may be acquired pursuant to this Warrant by the Holder, then this Warrant may also be exercisedexercised at the Holder’s election, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, there is no effective registration statement Registration Statement registering, or no current prospectus available for, the prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also be exercised, in whole or in part, at such any time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance of the Warrant Shares Securities to the Holder, then this Underwriter’s Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the number of Warrant Shares Securities equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, there is no effective registration statement registering, or the prospectus contained therein is not available for for, the issuance of the Warrant Shares to the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (XC)] by (A), where:

Cashless Exercise. If at At any time on or after following the Initial Exercise Date, if at the time of exercise hereof there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance of the Warrant Shares to the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or commencing six (6) months after the Initial Exercise Date, there is no effective registration statement registering, or the no current prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also be exercisedexercised at the Holder’s election, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, Date there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance of or resale of, the Warrant Shares to the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, there is no effective registration statement registering, or no current prospectus available for, the prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall follow the exercise procedure set out in paragraph (a) above and shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any the time on or of exercise hereof after the Initial Exercise Date, Date there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance of the Warrant Shares to the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance of the Warrant Shares Securities to the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the number of Warrant Shares Securities equal to the quotient (if such quotient would be a positive number) obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, Date there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance of the Warrant Shares to the Holder, then this Warrant may also only be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, there is no effective registration statement registering, or the no current prospectus contained therein is not available for for, the issuance of the Warrant Shares to the Holder, then the Holder may elect instead to exercise this Warrant may also be exercisedWarrant, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the six-month anniversary of the Initial Exercise Date, there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance of the Warrant Shares to the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any the time of exercise hereof on or a date that is after the 60th day anniversary of the Initial Exercise Date, there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance of the Warrant Shares to the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, Date there is no effective registration statement Registration Statement registering, or no current prospectus available for, the prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may only also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the 6 month anniversary of the Initial Exercise Date, there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance of of, the Warrant Shares to the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If If, at any the time on or after the Initial Exercise Datedate that is nine (9) months after the Issuance Date of this Warrant, there is no effective registration statement registering, or the prospectus contained therein is not available for for, the issuance of the Warrant Shares to the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, Date there is no effective registration statement Registration Statement registering, or no current prospectus available for, the prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after Following the Initial Exercise Going Public Date, if at the time of exercise hereof there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any the time on or after 90 days from the Initial Exercise Date, there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any the time of exercise hereof on or after the date that six (6) month immediately following the Initial Exercise Date, Date there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance of the Warrant Shares to the Holder, then this Underwriter’s Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, there is no effective registration statement registering, or no current prospectus available for, the prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), ) where:

Cashless Exercise. If at any time on or after the six month anniversary of the Initial Exercise Date, there is no effective registration statement registering, or the no current prospectus contained therein is not available for for, the issuance of the Warrant Shares to the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after 90 days after the Initial Exercise Date, Date there is no effective registration statement registeringregistering the Warrant Shares, or the prospectus contained therein is not available for the issuance of the Warrant Shares to the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, there is no effective registration statement Registration Statement registering, or the no current prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the HolderNew Purchaser, then this Warrant may also be exercisedexercised at the New Purchaser’s election, in whole or in part, at such time by means of a “cashless exercise” in which the Holder New Purchaser shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, Date there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance of the Warrant Shares to the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If If, at any the time on or after the Initial Exercise Datedate that is six (6) month after the Issuance Date of this Warrant, there is no effective registration statement registering, or the prospectus contained therein is not available for for, the issuance of the Warrant Shares to the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, 180th day of the date hereof there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance or resale of the Warrant Shares to or by the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the one (1) year anniversary of the Initial Exercise Date, there is no effective registration statement registering, or no current prospectus available for, the prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or 90 days after the Initial Exercise Date, there is no effective registration statement registering, or no current prospectus available for, the prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, there is no effective registration statement Registration Statement registering, or no current prospectus available for, the prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall follow the exercise procedure set out in paragraph (a) above and shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any the time on or of exercise hereof, after the Initial Exercise Date and on or before the Termination Date, there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance of the Warrant Shares to the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If If, at any the time on or after the Initial Exercise Datedate that is three (3) months after the Issuance Date of this Warrant, there is no effective registration statement registering, or the prospectus contained therein is not available for for, the issuance of the Warrant Shares to the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, there is no effective registration statement registering, or no current prospectus available for, the prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after commencing upon the Initial Exercise Date, there is no effective registration statement Registration Statement registering, or the no current prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also be exercisedexercised at the Holder’s election, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any the time of exercise hereof on or a date that is after the 60th day anniversary of the Initial Exercise Date, there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, 180th day of the date hereof there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance or resale of the Warrant Shares to or by the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] ) by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, there is no effective registration statement registering, or the no current prospectus contained therein is not available for the issuance of of, the Warrant Shares to the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If Notwithstanding the provisions of Section 2(a) above (requiring payment by wire transfer), the Company agrees that, if at any time on or after the Initial Exercise Date, there is no effective registration statement registering, or the prospectus contained therein is not available for for, the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also be exercised, in whole or in part, the Holder shall have the right at such time by means of to exercise this Warrant in full or in part on a “cashless exercise” in which basis, computed using the Holder shall be entitled to receive the number of Warrant Shares equal to the quotient obtained by dividing [following formula: X = Y (A-A – B) (X)] by (A), whereWhere:

Cashless Exercise. If at any time on or after the Initial Exercise Date, there is no effective registration statement Registration Statement registering, or the no current prospectus contained therein is not available for for, the issuance of the Warrant Shares to by the Holder, then this Warrant may also only be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holderholder, then this Series A Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the Initial Exercise Date, there is no effective registration statement and available Registration Statement registering, or no current prospectus available for, the prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time on or after the six-month anniversary of the Initial Exercise Date, there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance of the Warrant Shares to the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any time Commencing on or after the Initial Exercise 6-month anniversary of the Issue Date, if at the time of exercise hereof there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance or resale of the Warrant Shares to or by the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any anfy time on or after the Initial Exercise Date, there is no effective registration statement registering, or no current prospectus available for, the prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

Cashless Exercise. If at any the time on or of exercise hereof after the Initial Exercise Date, date that is 180 days from the date hereof there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance resale of the Warrant Shares to by the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive the a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where: