Common use of Net Exercise Clause in Contracts

Net Exercise. In lieu of cash exercising this Warrant, the holder of this Warrant may elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder hereof a number of Shares computed using the following formula: Y (A - B) Where

Appears in 13 contracts

Samples: Warrant Issuance Agreement (PogoTec, Inc.), PogoTec, Inc., PogoTec, Inc.

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Net Exercise. In lieu of cash exercising this Warrant, the holder of this Warrant may elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder hereof a number of Shares computed using the following formula: Y (X = A - B) Where

Appears in 9 contracts

Samples: NeuroSigma, Inc., NeuroSigma, Inc., NeuroSigma, Inc.

Net Exercise. In lieu of cash exercising this Warrant, the holder of this Warrant may elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder hereof a number of Shares computed using the following formula: Y (A - B) X = A Where

Appears in 8 contracts

Samples: Stock Purchase Agreement (PogoTec, Inc.), Visualant Inc, Kythera Biopharmaceuticals Inc

Net Exercise. In lieu of cash exercising this Warrant, the holder Holder of this Warrant may elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder Holder hereof a number of Shares computed using the following formula: Y (A - B) Where

Appears in 6 contracts

Samples: Purchase Common Stock (Optimer Pharmaceuticals Inc), Purchase Common Stock (Akesis Pharmaceuticals, Inc.), Purchase Common Stock (Akesis Pharmaceuticals, Inc.)

Net Exercise. In lieu of cash exercising this Warrant, the holder of this Warrant Holder may elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of to the Company together with notice of such election, in which event the Company shall issue to the holder Holder hereof a number of Shares computed using the following formula: Y (A - B) X = A Where:

Appears in 5 contracts

Samples: Investment Agreement (Tetridyn Solutions Inc), Ocean Thermal Energy Corp, Mackay Bart P

Net Exercise. In lieu of making a cash exercising payment upon the exercise of this Warrant, the holder of this Warrant may may, at such holder’s option. elect to receive shares equal to the value of this Warrant (or the portion thereof being canceledexercised) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder hereof a number of Shares computed using the following formula: Y (A - B) X = A Where

Appears in 4 contracts

Samples: CNS Response, Inc., CNS Response, Inc., CNS Response, Inc.

Net Exercise. In lieu of cash exercising this Warrant, the holder of this Warrant may elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder hereof a number of Shares shares of Common Stock computed using the following formula: Y (A - B) --------- X = A Where

Appears in 4 contracts

Samples: Warrant Agreement (Digitalthink Inc), Software Technologies Corp/, Software Technologies Corp/

Net Exercise. In lieu of cash exercising this Warrant, the holder of this Warrant may elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder hereof a number of Shares computed using the following formula: Y (A - B) Where:

Appears in 3 contracts

Samples: NeuroSigma, Inc., Debut Broadcasting Corporation, Inc., Cgen Digital Media Co LTD

Net Exercise. In lieu of cash exercising this Warrant, the holder of this Warrant may elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of or the Company together with notice of such election, . in which event the Company shall issue to the holder hereof a number of Shares computed using the following formula: Y (A - A-B) A Where

Appears in 3 contracts

Samples: Note and Warrant Purchase Agreement (Amarantus BioSciences, Inc.), Note and Warrant Purchase Agreement (Amarantus BioSciences, Inc.), Note and Warrant Purchase Agreement (Jumpkicks, Inc.)

Net Exercise. In lieu of cash exercising this Warrant, the holder of this Warrant Holder may elect to receive shares Shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder hereof Holder a number of Shares computed using the following formula: Y (A - B) X = A Where

Appears in 3 contracts

Samples: Lm Funding America, Inc., Purchase Shares (Zagg INC), Advanced BioHealing Inc

Net Exercise. In lieu of cash exercising this Warrant, the holder of this Warrant may elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder hereof a number of Shares shares of Warrant Stock computed using the following formula: Y (A - B) X = A Where:

Appears in 2 contracts

Samples: Purchase Agreement (Laredo Oil, Inc.), Purchase Agreement (Laredo Oil, Inc.)

Net Exercise. In lieu of cash exercising this Warrant, the holder of this Warrant may elect to receive shares of Next Securities equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder hereof a number of Shares Warrant Stock computed using the following formula: Y (A - B) Where:

Appears in 2 contracts

Samples: BioCardia, Inc., BioCardia, Inc.

Net Exercise. In lieu of cash exercising this Warrant, the holder of this Warrant may elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder hereof a number of Shares computed using the following formula: X= Y * (A - B) B)/A Where

Appears in 2 contracts

Samples: BioCardia, Inc., BioCardia, Inc.

Net Exercise. In lieu of cash exercising this Warrant, the holder Holder of this Warrant may elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder Holder hereof a number of Shares computed using the following formula: X = Y (A - B) A Where

Appears in 2 contracts

Samples: Warrant (Cardiva Medical, Inc.), Purchase Common Stock (Akesis Pharmaceuticals, Inc.)

Net Exercise. In lieu of cash exercising this Warrant, the holder of this Warrant may elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant to the President or Secretary of the Company at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder hereof a number of Shares computed using the following formula: Y (A - B) Where

Appears in 2 contracts

Samples: Liquidia Technologies Inc, Liquidia Technologies Inc

Net Exercise. In lieu of cash exercising this Warrant, the holder Holder of this Warrant may elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder Holder hereof a number of Shares computed using the following formula: Y (A - B) X = A Where

Appears in 2 contracts

Samples: Purchase Common Stock (Akesis Pharmaceuticals, Inc.), Purchase Common Stock (Akesis Pharmaceuticals, Inc.)

Net Exercise. (a) In lieu of cash exercising this Warrant, the holder of this Warrant may elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder hereof a number of Shares shares of common stock computed using the following formula: Y (A - B) X = A Where

Appears in 2 contracts

Samples: HyperSpace Communications, Inc., HyperSpace Communications, Inc.

Net Exercise. In lieu of making a cash exercising payment upon the exercise of this Warrant, the holder of this Warrant may may, at such holder’s option. elect to receive shares equal to the value of this Warrant (or the portion thereof being canceledexercised) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder hereof a number of Shares computed using the following formula: Y (A - B) Where

Appears in 2 contracts

Samples: Warrant Purchase Agreement (CNS Response, Inc.), CNS Response, Inc.

Net Exercise. In lieu of cash exercising this Warrant, the holder of this ------------ Warrant may elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder hereof a number of Shares shares of Preferred Stock computed using the following formula: Y (A - A-B) ------- X= A Where

Appears in 2 contracts

Samples: DSL Net Inc, DSL Net Inc

Net Exercise. In lieu of cash exercising this Warrant, the holder of this Warrant Holder may elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder hereof Holder a number of Shares computed using the following formula: Y (X = A - B) Where

Appears in 2 contracts

Samples: NeuroSigma, Inc., NeuroSigma, Inc.

Net Exercise. In lieu of cash exercising this Warrant, the holder of this Warrant Holder may elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder Holder hereof a number of Shares shares of Common Stock computed using the following formula: Y (A - B) --------- X = A Where

Appears in 1 contract

Samples: Fusion Medical Technologies Inc

Net Exercise. In lieu of cash exercising this WarrantWarrant with a cash ------------ payment, the holder of this Warrant may elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder hereof a number of Shares shares of Series B Preferred Stock computed using the following formula: Y (A - B) --------- X = A Where

Appears in 1 contract

Samples: Master Lease Agreement (Placeware Inc)

Net Exercise. In lieu of cash exercising this Warrant, the holder of ------------ this Warrant may elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder hereof a number of Shares shares of Preferred Stock computed using the following formula: Y (A - B) --------- X = A Where

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Curon Medical Inc)

Net Exercise. In lieu of cash exercising this Warrant, the holder Holder of this Warrant may elect to receive shares Shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder Holder hereof a number of Shares computed using the following formula: Y (X = A - B) Where:

Appears in 1 contract

Samples: Warrant (Cardiva Medical, Inc.)

Net Exercise. In lieu of cash exercising this Warrant, the holder of this Warrant may elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder hereof a number of Shares computed using the following formula: Y (A - B) X = --------- A Where

Appears in 1 contract

Samples: Stevens Financial Group LLC

Net Exercise. In lieu of cash exercising this Warrant, the holder of this Warrant may elect to receive shares Shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder hereof a number of Shares computed using the following formula: Y (A - B) X = A Where

Appears in 1 contract

Samples: And Warrant Purchase Agreement (PogoTec, Inc.)

Net Exercise. In lieu of cash exercising this WarrantWarrant with the payment ------------ referenced in Section 4 above, the holder of this Warrant may elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder hereof a number of Shares shares of Series C Preferred Stock computed using the following formula: Y (A - B) --------- X = A Where

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Getthere Com)

Net Exercise. In lieu of cash exercising payment upon exercise of this Warrant, the holder of this Warrant may elect to receive shares Shares equal to the value of this Warrant (or the portion thereof being canceledexercised) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder hereof a number of Shares computed using the following formula: Y (A - B) Where

Appears in 1 contract

Samples: Zonare Medical Systems Inc

Net Exercise. In lieu of cash exercising this Warrant, the holder of this Warrant may elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder hereof a number of Shares computed using the following formula: Y (A - B-B) X = A Where:

Appears in 1 contract

Samples: Inogen Inc

Net Exercise. In lieu of cash exercising this Warrant, the holder of this Warrant Holder may ------------ elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder Holder hereof a number of Shares shares of Common Stock computed using the following formula: Y (A - B) --------- X = A Where

Appears in 1 contract

Samples: Fusion Medical Technologies Inc

Net Exercise. In lieu of cash exercising this Warrant, the holder of this Warrant Holder may ------------ elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder hereof Holder a number of Shares computed using the following formula: Y (A - B) --------- X = A Where

Appears in 1 contract

Samples: Loan Agreement (Kyphon Inc)

Net Exercise. In lieu of cash exercising this WarrantWarrant and subject to Section 1 hereof, the holder Holder of this Warrant may elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder Holder hereof a number of Shares computed using the following formula: Y (A - B) X = A Where

Appears in 1 contract

Samples: MultiCell Technologies, Inc.

Net Exercise. In lieu of cash exercising this Warrant, the holder of this Warrant may elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder hereof a number of Shares computed using the following formula: Y (A - B) WhereX = A Where X -- The number of Shares to be issued to the holder of this Warrant. Y -- The number of Shares purchasable under this Warrant.

Appears in 1 contract

Samples: RiceBran Technologies

Net Exercise. In lieu of cash exercising this Warrant, the holder Holder of this Warrant may elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder Holder hereof a number of Shares computed using the following formula: Y (A - B) Where:

Appears in 1 contract

Samples: Purchase Common Stock (Akesis Pharmaceuticals, Inc.)

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Net Exercise. In lieu of paying cash exercising to exercise this Warrant, the holder of this Warrant Holder may elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder hereof Holder a number of Shares computed using the following formula: X = Y (A - B) A Where

Appears in 1 contract

Samples: Warrant Purchase Agreement (Liveworld Inc)

Net Exercise. In lieu of cash exercising this WarrantWarrant pursuant to Section 3 above, the holder of this Warrant may elect to receive shares Shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder hereof a number of Shares computed using the following formula: Y (A - B) Where

Appears in 1 contract

Samples: Five9, Inc.

Net Exercise. In lieu of cash exercising this WarrantWarrant and subject to Section 1 hereof, the holder Holder of this Warrant may elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder Holder hereof a number of Shares computed using the following formula: Y (A - B) X = A Where:

Appears in 1 contract

Samples: Purchase Common Stock (Multicell Technologies Inc.)

Net Exercise. In lieu of making a cash exercising payment upon the exercise of this Warrant, the holder of this Warrant may may, at such holder’s option. elect to receive shares equal to the value of this Warrant (or the portion thereof being canceledexercised) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder hereof a number of Shares computed using the following formula: Y (X = A - B) Where

Appears in 1 contract

Samples: CNS Response, Inc.

Net Exercise. In lieu of cash exercising this Warrant, the holder of this Warrant may elect to receive shares Shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder hereof a number of Shares computed using the following formula: Y (A - B) Where

Appears in 1 contract

Samples: Achaogen Inc

Net Exercise. In lieu of cash exercising this WarrantWarrant for cash, any time prior to the Expiration Date, the holder of this Warrant Holder may elect to receive shares exchange this Warrant for Shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant Warrant, together with notice of such election, at the principal office of the Company together with notice of such electionCompany, in which event the Company shall issue to the holder hereof a number of Shares computed using the following formula: X = Y (A - A-B) WhereA Where :

Appears in 1 contract

Samples: Warrant Agreement (Principal Solar, Inc.)

Net Exercise. In lieu of cash exercising this Warrant, the holder of this Warrant may elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder hereof a number of Shares computed using the following formula: Y (A - B) Where

Appears in 1 contract

Samples: NeuroSigma, Inc.

Net Exercise. In lieu of cash exercising this WarrantWarrant by paying the exercise price in cash, the holder of this Warrant may elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder hereof a number of Shares shares of Common Stock computed using the following formula: Y (A - A-B) ------- X= A Where

Appears in 1 contract

Samples: Basic Agreement Regarding Stock Purchase (Southwall Technologies Inc /De/)

Net Exercise. In lieu of cash exercising this Warrant, the holder of this ------------ Warrant may elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder hereof a number of Shares shares of Common Stock computed using the following formula: Y (A - A-B) ------- X= A Where

Appears in 1 contract

Samples: DSL Net Inc

Net Exercise. In lieu of cash exercising this Warrant, the holder Holder of this Warrant may elect to receive shares Shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder Holder hereof a number of Shares computed using the following formula: Y (A - B) Where:

Appears in 1 contract

Samples: Warrant (Cardiva Medical, Inc.)

Net Exercise. In lieu of cash exercising this Warrant, the holder of this Warrant may elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder hereof a number of Shares computed using the following formula: Y (A - A- B) X = A Where

Appears in 1 contract

Samples: Infoblox Inc

Net Exercise. In lieu of cash exercising this Warrant, the holder of this Warrant may elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder hereof a number of Shares shares of Preferred Stock computed using the following formula: Y (A - B) --------- X = A Where

Appears in 1 contract

Samples: Kabira Technologies Inc

Net Exercise. In lieu of cash exercising this WarrantWarrant with a cash payment, the holder of this Warrant may elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder hereof a number of Shares shares of Series B Preferred Stock computed using the following formula: Y (A Y(A - B) -------- X = A Where

Appears in 1 contract

Samples: Getthere Com

Net Exercise. In lieu of cash exercising this Warrant, the holder of this Warrant Holder may elect to receive shares Shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of to the Company together with notice of such election, in which event the Company shall issue to the holder Holder hereof a number of Shares computed using the following formula: Y (A - B) X = A Where

Appears in 1 contract

Samples: fi.co

Net Exercise. In lieu of cash exercising this Warrant, the holder of this Warrant may elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder hereof a number of Shares shares of Common Stock computed using the following formula: Y (A - B) --------- X - A Where

Appears in 1 contract

Samples: Chemconnect Inc

Net Exercise. In lieu of cash exercising this Warrant, the holder of this Warrant may elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder hereof a number of Shares computed using the following formula: Y (A - B) WhereX = A Where X = The number of Shares to be issued to the holder of this Warrant. Y = The number of Shares purchasable under this Warrant.

Appears in 1 contract

Samples: NeuroSigma, Inc.

Net Exercise. In lieu of cash exercising this Warrant, the holder of this Warrant may elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder hereof a number of Shares computed using the following formula: Y (A - B) X = A Where:

Appears in 1 contract

Samples: Inogen Inc

Net Exercise. In lieu of making a cash payment when exercising this Warrant, the holder of this Warrant Holder may elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of to the Company together with notice of such election, in which event the Company shall issue to the holder Holder hereof a number of Shares computed using the following formula: Y (A - B) Where)

Appears in 1 contract

Samples: Accelerator Agreement (T Stamp Inc)

Net Exercise. In lieu of cash exercising this WarrantWarrant by payment of cash to the Company in accordance with Section 3 above, the holder of this Warrant may elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder hereof a number of Shares computed using the following formula: Y (A - B) X = A Where

Appears in 1 contract

Samples: CampusU

Net Exercise. In lieu of cash exercising this Warrant, the holder Holder of this Warrant may elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder Holder hereof a number of Shares computed using the following formula: X = Y (A - B) Where)

Appears in 1 contract

Samples: Purchase Common Stock (Akesis Pharmaceuticals, Inc.)

Net Exercise. In lieu of cash exercising this Warrant, the holder of this Warrant Holder may elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at to the principal office Secretary of the Company together with notice of such electionelection (subject, however, to the limitations set forth in the parenthetical language in Section 3(i) above), in which event the Company shall issue to the holder hereof Holder a number of Warrant Shares computed using the following formula: Y (A - A-B) X = A Where

Appears in 1 contract

Samples: Surge Global Energy, Inc.

Net Exercise. In lieu of cash exercising this Warrant, the holder Holder of this Warrant may elect to receive shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with notice of such election, in which event the Company shall issue to the holder Holder hereof a number of Shares computed using the following formula: Y (A - A- B) Where

Appears in 1 contract

Samples: Purchase Common Stock (Akesis Pharmaceuticals, Inc.)

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