Common use of Cashless Exercise Right Clause in Contracts

Cashless Exercise Right. In lieu of exercising this Warrant as specified in Section 1.2, Holder may from time to time, in its sole discretion, exercise this Warrant in whole or in part as to the portion of the Warrant that is exercisable and, in lieu of making the cash payment otherwise contemplated to be made to the Company upon such exercise for the aggregate Warrant Price pursuant to Section 1.2, elect instead to receive upon such exercise the “net number” of shares of Common Stock determined according to the following formula (a “Cashless Exercise”): X = Y (A – B) Where:

Cashless Exercise Right. In lieu of exercising this Warrant as specified in Section 1.21.1(a), Holder may from time to time, in its sole discretion, exercise this Warrant in whole or in part as to the portion of the Warrant that is exercisable and, in lieu of making the cash payment otherwise contemplated to be made to the Company upon such exercise for the aggregate Warrant Exercise Price pursuant to Section 1.21.1(a), elect instead to receive upon such exercise the “net number” of shares of Common Stock Warrant Shares determined according to the following formula (a “Cashless Exercise”): X = Y (A – B) Where:

Cashless Exercise Right. In lieu of exercising this Warrant as specified in Section 1.21.1(a), Holder may from time to time, in its sole discretion, exercise this Warrant in whole or in part as to the portion of the Warrant that is exercisable and, in lieu of making the cash payment otherwise contemplated to be made to the Company upon such exercise for the aggregate Warrant Exercise Price pursuant to Section 1.21.1(a), elect instead to receive upon such exercise the “net number” of shares of Common Stock Warrant Shares determined according to the following formula (a “Cashless Exercise”): X = Y (A – B) Where:

Cashless Exercise Right. In lieu of exercising this Warrant as specified in Section 1.2, Holder may from time to time, in its sole discretion, exercise this Warrant in whole or in part as to the portion of the Warrant that is exercisable and, in lieu of making the cash payment otherwise contemplated to be made to the Company upon such exercise for the aggregate Warrant Price pursuant to Section 1.2, elect instead to receive upon such exercise the “net number” of shares of Common Stock determined according to the following formula (a “Cashless Exercise”): X = Y (A – - B) Where:

Cashless Exercise Right. In lieu of exercising this Warrant as specified in Section 1.21.1(a), Holder may from time to time, in its sole discretion, exercise this Warrant in whole or in part as to the portion of the Warrant that is exercisable and, in lieu of making the cash payment otherwise contemplated to be made to the Company upon such exercise for the aggregate Warrant Exercise Price pursuant to Section 1.21.1(a), elect instead to receive upon such exercise the “net number” of shares of Common Stock Warrant Shares determined according to the following formula (a “Cashless Exercise”): X = Y (A – B) Where:):

Cashless Exercise Right. In lieu of exercising this Warrant as specified in Section 1.2, Holder may from time to time, in its sole discretion, exercise this Warrant in whole or in part as to the portion of the Warrant that is exercisable and, in lieu of making the cash payment otherwise contemplated to be made to the Company upon such exercise for the aggregate Warrant Price pursuant to Section 1.2, elect instead to receive upon such exercise the “"net number” " of shares of Common Stock determined according to the following formula (a “"Cashless Exercise”"): X = Y (A – B) Where:

Cashless Exercise Right. In lieu of exercising this Warrant as specified in Section 1.2, Holder may from time to time, in its sole discretion, exercise this Warrant in whole or in part as to the portion of the Warrant that is exercisable and, in lieu of making the cash payment otherwise contemplated to be made to the Company upon such exercise for the aggregate Warrant Price pursuant to Section 1.2, elect instead to receive upon such exercise the “net number” of shares of Common Stock determined according to the following formula (a “Cashless Exercise”): X = Y (A – B) Where:

Cashless Exercise Right. In lieu of exercising this Warrant as specified in Section 1.21.1(a), the Holder may from time to time, in its sole discretion, exercise this Warrant in whole or in part as to the portion of the Warrant that is exercisable and, in lieu of making the cash payment otherwise contemplated to be made to the Company upon such exercise for the aggregate Warrant Exercise Price pursuant to Section 1.21.1(a), elect instead to receive upon such exercise the “net number” of shares of Common Stock Warrant Shares determined according to the following formula (a “Cashless Exercise”): X = Y (A – B) Where: