Common use of ISSUE EXERCISE Clause in Contracts

ISSUE EXERCISE. In lieu of the cash payment set forth in paragraph 3 above, the Investor may elect to pay the Exercise Price by the surrender of Warrants ("Net Issuance") as determined below (without payment of any kind). If the Investor elects the Net Issuance method, the Company will issue Series E Preferred Stock in accordance with the following formula:

ISSUE EXERCISE. In lieu of the cash payment set forth in paragraph 3 above, the Investor may elect to pay the Exercise Price by the surrender of Warrants ("Net Issuance") as determined below (without payment of any kind). If the Investor elects the Net Issuance method, the Company will issue Series E Preferred Common Stock in accordance with the following formula: