{"component": "clause", "props": {"groups": [{"samples": [{"hash": "dPajLO3mbn6", "uri": "/contracts/dPajLO3mbn6#net-issue-election", "label": "Common Stock Purchase Warrant (CVC Inc)", "score": 18.0, "published": true}, {"hash": "dKA2O70HfZV", "uri": "/contracts/dKA2O70HfZV#net-issue-election", "label": "Common Stock Purchase Warrant (CVC Inc)", "score": 18.0, "published": true}, {"hash": "90J90pxXDo8", "uri": "/contracts/90J90pxXDo8#net-issue-election", "label": "Common Stock Purchase Warrant (CVC Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "to-receive", "type": "definition", "offset": [28, 38]}, {"key": "payment-by", "type": "clause", "offset": [52, 62]}, {"key": "additional-consideration", "type": "definition", "offset": [82, 106]}, {"key": "equal-to", "type": "definition", "offset": [115, 123]}, {"key": "the-value", "type": "clause", "offset": [124, 133]}, {"key": "to-the-company", "type": "clause", "offset": [221, 235]}, {"key": "office-of-the-company", 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{"key": "terms-of-this-warrant", "type": "clause", "offset": [4637, 4658]}], "size": 120, "snippet": "The holder hereof may elect to receive, without the payment by such holder of any additional consideration, shares equal to the value of this Warrant or any portion hereof by the surrender of this Warrant or such portion to the Company, at the office of the Company. Thereupon, the Company shall issue to such holder such number of fully paid and nonassessable shares of Common Stock as is computed using the following formula: X = Y (A-B) ------- A where X = the number of shares to be issued to such holder pursuant to this Section 4. Y = the number of shares covered by this Warrant in respect of which the net issue election is made pursuant to this Section 4. A = the fair market value of one share of Common Stock, as determined in accordance with the following provisions, as at the time the net issue election is made pursuant to this Section 4. B = the Purchase Price in effect under this Warrant at the time the net issue election is made pursuant to this Section 4. For purposes of this Section 4, \"fair market value\" of one share of Common Stock shall be determined as follows:\n(1) Where there exists a public market for the Company's Common Stock at the time of such exercise, the fair market value per share shall be the average of the closing bid and asked prices of the Common Stock quoted in the Over-The-Counter Market Summary or the last reported sale price of the Common Stock or the closing price quoted on the NASDAQ System or on any exchange on which the Common Stock is listed, whichever is applicable, as published in THE WALL STREET JOURNAL for the five (5) trading days prior to the date to the date of determination of fair market value. Notwithstanding the foregoing, in the event the Warrants are exercised in connection with the Company's initial public offering of Common Stock, the fair market value per share shall be the per share offering price to the public of the Company's initial public offering.\n(2) If no public market for the Common Stock exists at the time of such exercise, the Company and the holder hereof shall negotiate in good faith in an effort to reach agreement upon the fair market value of one share of Common Stock for a period of ten (10) days after delivery of the executed subscription.\n(3) If the Company and the holder hereof are unable to reach agreement under the foregoing subparagraph (2), the fair market value of one share of Common Stock shall be determined by appraisal. The Company and the holder hereof shall each select an appraiser (the \"Selected Appraisers\") within thirty (30) days after the expiration of the ten-day period in subparagraph (2) above. Each Selected Appraiser shall render its appraisal within thirty (30) days of its appointment hereunder. In the event that either Selected Appraiser fails to render an appraisal within such thirty-day period, the first appraisal rendered shall be conclusive. In the event that the values determined by the Selected Appraisers differ by less than ten percent (10%) of the lower value, the fair market value shall be the average of the appraisals made by each of the Selected Appraisers. In the event that the values differ by ten percent (10%) or more of the lower value, the Selected Appraisers shall within ten (10) days select a third appraiser (the \"Neutral Appraiser\") to conduct an appraisal. The Neutral Appraiser shall render its appraisal within thirty (30) days of its appointment hereunder. The fair market value of one share of Common Stock shall be equal to the appraisal made by the Neutral Appraiser if such appraisal is between the two appraisals made by the Selected Appraisers or, if such appraisal by the Neutral Appraiser is not between the two appraisals made by the Selected Appraisers, then the fair market value of one share of Common Stock shall be that one of the two appraisals made by the Selected Appraisers that is closer to the appraisal made by the Neutral Appraiser. All appraisals delivered pursuant to this subparagraph (3) shall be in writing and signed by the appraiser. The fees, costs and expenses of each of the Selected Appraisers will be borne by the party who selected such appraiser, and the fees, costs and expenses of the Neutral Appraiser will be borne equally by the Company and the holder hereof.\n(4) In appraising the fair market value of one share of Common Stock, there shall be no discount for minority interests.\n(5) The fair market value as determined in accordance with this Section 4 shall be conclusive, final and binding upon the Company and the holder hereof, and shall be enforceable in any court having jurisdiction over a proceeding to enforce the terms of this Warrant.", "hash": "5ad52442dadc57bec761b7a1968d4124", "id": 1}, {"samples": [{"hash": "k4ac7oBUe4v", "uri": "/contracts/k4ac7oBUe4v#net-issue-election", "label": "Preferred Stock Purchase Warrant (On Deck Capital Inc)", "score": 22.8569469452, "published": true}, {"hash": "hhnj4pX1DjY", "uri": "/contracts/hhnj4pX1DjY#net-issue-election", "label": "Preferred Stock Purchase Warrant (On Deck Capital Inc)", "score": 22.635181427, "published": true}, {"hash": "8VNw7HFvCu8", "uri": "/contracts/8VNw7HFvCu8#net-issue-election", "label": "Preferred Stock Purchase Warrant (On Deck Capital Inc)", "score": 22.635181427, "published": true}], "snippet_links": [{"key": "to-receive", "type": "definition", "offset": [21, 31]}, {"key": "by-the-holder", "type": "clause", "offset": [53, 66]}, {"key": "additional-consideration", "type": "definition", "offset": [74, 98]}, {"key": "shares-of-preferred-stock", "type": "definition", "offset": [100, 125]}, {"key": "equal-to", "type": "definition", "offset": [126, 134]}, {"key": "the-value", "type": "clause", "offset": [135, 144]}, {"key": "this-warrant", "type": "clause", "offset": [148, 160]}, {"key": "to-the-company", "type": "clause", "offset": [232, 246]}, {"key": "net-issue-election-notice", "type": "clause", "offset": [257, 282]}, {"key": "duly-executed", "type": "clause", "offset": [298, 311]}, {"key": "principal-office-of-the-company", "type": "clause", "offset": [320, 351]}, {"key": "the-company-shall", "type": "clause", "offset": [364, 381]}, {"key": "issue-to", "type": "definition", "offset": [382, 390]}, {"key": "number-of", "type": "definition", "offset": [407, 416]}, {"key": "fully-paid-and-nonassessable-shares", "type": "clause", "offset": [417, 452]}], "size": 55, "snippet": "The Holder may elect to receive, without the payment by the Holder of any additional consideration, shares of Preferred Stock equal to the value of this Warrant or any portion hereof by the surrender of this Warrant or such portion to the Company, with the net issue election notice annexed hereto duly executed, at the principal office of the Company. Thereupon, the Company shall issue to the Holder such number of fully paid and nonassessable shares of Preferred Stock as is computed using the following formula:", "hash": "3d22329fe3d8a4be75760d8444da973b", "id": 3}, {"samples": [{"hash": "cykuQ0yfgwQ", "uri": "/contracts/cykuQ0yfgwQ#net-issue-election", "label": "Warrant Agreement (Carbon Black, Inc.)", "score": 26.2683086395, "published": true}, {"hash": "89ikmmtjuuW", "uri": "/contracts/89ikmmtjuuW#net-issue-election", "label": "Warrant Agreement (Carbon Black, Inc.)", "score": 26.0273780823, "published": true}, {"hash": "ekK0CouvBFn", "uri": "/contracts/ekK0CouvBFn#net-issue-election", "label": "Preferred Stock Purchase Warrant (Genocea Biosciences, Inc.)", "score": 23.975358963, "published": true}], "snippet_links": [{"key": "to-receive", "type": "definition", "offset": [21, 31]}, {"key": "by-the-holder", "type": "clause", "offset": [53, 66]}, {"key": "additional-consideration", "type": "definition", "offset": [74, 98]}, {"key": "equal-to", "type": "definition", "offset": [126, 134]}, {"key": "the-value", "type": "clause", "offset": [135, 144]}, {"key": "this-warrant", "type": "clause", "offset": [148, 160]}, {"key": "to-the-company", "type": "clause", "offset": [232, 246]}, {"key": "net-issue-election-notice", "type": "clause", "offset": [257, 282]}, {"key": "duly-executed", "type": "clause", "offset": [298, 311]}, {"key": "principal-office-of-the-company", "type": "clause", "offset": [320, 351]}, {"key": "the-company-shall", "type": "clause", "offset": [364, 381]}, {"key": "issue-to", "type": "definition", "offset": [382, 390]}, {"key": "fully-paid-and-nonassessable-shares", "type": "clause", "offset": [417, 452]}, {"key": "issued-to", "type": "definition", "offset": [573, 582]}, {"key": "section-4", "type": "definition", "offset": [611, 620]}, {"key": "covered-by", "type": "definition", "offset": [666, 676]}, {"key": "in-respect-of", "type": "clause", "offset": [690, 703]}, {"key": "made-pursuant-to", "type": "clause", "offset": [736, 752]}, {"key": "the-fair-market-value", "type": "clause", "offset": [773, 794]}, {"key": "one-share", "type": "definition", "offset": [814, 823]}, {"key": "at-the-time", "type": "definition", "offset": [858, 869]}, {"key": "the-purchase-price", "type": "clause", "offset": [933, 951]}, {"key": "in-effect", "type": "definition", "offset": [952, 961]}], "size": 80, "snippet": "The Holder may elect to receive, without the payment by the Holder of any additional consideration, shares of Preferred Stock equal to the value of this Warrant or any portion hereof by the surrender of this Warrant or such portion to the Company, with the net issue election notice annexed hereto duly executed, at the principal office of the Company. Thereupon, the Company shall issue to the Holder such number of fully paid and nonassessable shares of Preferred Stock as is computed using the following formula: where: X = the number of shares of Preferred Stock to be issued to the Holder pursuant to this Section 4. Y = the number of shares of Preferred Stock covered by this Warrant in respect of which the net issue election is made pursuant to this Section 4. A = the Fair Market Value (defined below) of one share of Preferred Stock, as determined at the time the net issue election is made pursuant to this Section 4. B = the Purchase Price in effect under this Warrant at the time the net issue election is made pursuant to this Section 4.", "hash": "88bdc5fb591f7dd3e0f36951901d5744", "id": 2}, {"samples": [{"hash": "lH8OX8eVyE2", "uri": "/contracts/lH8OX8eVyE2#net-issue-election", "label": "Warrant Agreement (3do Co)", "score": 16.0, "published": true}, {"hash": "izATskI9ILj", "uri": "/contracts/izATskI9ILj#net-issue-election", "label": "Warrant Agreement (3do Co)", "score": 16.0, "published": true}, {"hash": "hVRy29UmO8B", "uri": "/contracts/hVRy29UmO8B#net-issue-election", "label": "Warrant Agreement (3do Co)", "score": 16.0, "published": true}], "snippet_links": [{"key": "to-receive", "type": "definition", "offset": [76, 86]}, {"key": "by-the-holder", "type": "clause", "offset": [108, 121]}, {"key": "additional-consideration", "type": "definition", "offset": [129, 153]}, {"key": "equal-to", "type": "definition", "offset": [178, 186]}, {"key": "the-value", "type": "clause", "offset": [187, 196]}, {"key": "this-warrant", "type": "clause", "offset": [222, 234]}, {"key": "to-the-company", "type": "clause", "offset": [268, 282]}, {"key": "net-issue-election-notice", "type": "clause", "offset": [293, 318]}, {"key": "appendix-1", "type": "clause", "offset": [332, 342]}, {"key": "duly-executed", "type": "clause", "offset": [358, 371]}, {"key": "principal-office-of-the-company", "type": "clause", "offset": [380, 411]}, {"key": "the-company-shall", "type": "clause", "offset": [424, 441]}, {"key": "issue-to", "type": "definition", "offset": [442, 450]}, {"key": "fully-paid-and-nonassessable-shares", "type": "clause", "offset": [477, 512]}, {"key": "issued-to", "type": "definition", "offset": [647, 656]}, {"key": "section-4", "type": "definition", "offset": [685, 694]}, {"key": "covered-by", "type": "definition", "offset": [737, 747]}, {"key": "a-portion", "type": "definition", "offset": [773, 782]}, {"key": "the-warrant", "type": "clause", "offset": [786, 797]}, {"key": "at-the-time", "type": "definition", "offset": [861, 872]}, {"key": "made-pursuant-to", "type": "clause", "offset": [899, 915]}, {"key": "the-fair-market-value", "type": "clause", "offset": [936, 957]}, {"key": "one-share", "type": "definition", "offset": [961, 970]}, {"key": "national-securities-exchange", "type": "definition", "offset": [1063, 1091]}, {"key": "price-of-the", "type": "clause", "offset": [1144, 1156]}, {"key": "stock-on", "type": "definition", "offset": [1164, 1172]}, {"key": "business-day", "type": "clause", "offset": [1177, 1189]}, {"key": "prior-to-the", "type": "clause", "offset": [1202, 1214]}, {"key": "date-of-exercise", "type": "definition", "offset": [1215, 1231]}, {"key": "sale-of-the-common-stock", "type": "clause", "offset": [1242, 1266]}, {"key": "in-good-faith", "type": "definition", "offset": [1514, 1527]}, {"key": "by-the-board", "type": "clause", "offset": [1528, 1540]}, {"key": "by-holder", "type": "clause", "offset": [1555, 1564]}, {"key": "the-purchase-price", "type": "clause", "offset": [1640, 1658]}, {"key": "in-effect", "type": "definition", "offset": [1659, 1668]}], "size": 22, "snippet": "Notwithstanding any provisions herein to the contrary, the Holder may elect to receive, without the payment by the Holder of any additional consideration, shares of Common Stock equal to the value (as determined below) of this Warrant by the surrender of this Warrant to the Company, with the net issue election notice set forth in Appendix 1 annexed hereto duly executed, at the principal office of the Company. Thereupon, the Company shall issue to the Holder such number of fully paid and nonassessable shares of Common Stock as is computed using the following formula: X = Y(A-B) ------ A where: X = the number of shares of Common Stock to be issued to the Holder pursuant to this Section 4. Y = the number of shares of Common Stock covered by this Warrant or, if only a portion of the Warrant is being exercised, the portion of the Warrant being exercised at the time the net issue election is made pursuant to this Section 4. A = the fair market value of one share of Common Stock, determined as follows: (i) if at such time the Common Stock is listed on a national securities exchange or on the over-the-counter market, then the closing price of the Common Stock on the business day immediately prior to the date of exercise or, if no sale of the Common Stock was made on such day, the first business day immediately preceding such day upon which a sale was made, or (ii) if at such time the Common Stock is not listed on a national securities exchange or on the over-the-counter market, then as determined in good faith by the Board and agreed to by Holder at the time the net issue election is made pursuant to this Section 4. B = the Purchase Price in effect under this Warrant at the time the net issue election is made pursuant to this Section 4.", "hash": "8bd827de46feee627a6057057299fc38", "id": 4}, {"samples": [{"hash": "lzTg5lEgT5t", "uri": "/contracts/lzTg5lEgT5t#net-issue-election", "label": "Registration Rights Agreement (Platinum Research Organization, Inc.)", "score": 21.0, "published": true}, {"hash": "lbWyM3RCPBx", "uri": "/contracts/lbWyM3RCPBx#net-issue-election", "label": "Registration Rights Agreement (Platinum Research Organization, Inc.)", "score": 21.0, "published": true}, {"hash": "5cWRm1N0Iiy", "uri": "/contracts/5cWRm1N0Iiy#net-issue-election", "label": "Warrant Purchase Agreement (Platinum Research Organization, Inc.)", "score": 21.0, "published": true}], "snippet_links": [{"key": "notwithstanding-any-other-provision", "type": "clause", "offset": [0, 35]}, {"key": "to-receive", "type": "definition", "offset": [98, 108]}, {"key": "payment-by-the", "type": "clause", "offset": [122, 136]}, {"key": "aggregate-warrant-price", "type": "definition", "offset": [158, 181]}, {"key": "in-respect-of", "type": "clause", "offset": [182, 195]}, {"key": "the-shares", "type": "clause", "offset": [196, 206]}, {"key": "common-stock-to-be", "type": "clause", "offset": [210, 228]}, {"key": "equal-to", "type": "definition", "offset": [262, 270]}, {"key": "the-value", "type": "clause", "offset": [271, 280]}, {"key": "this-warrant", "type": "clause", "offset": [284, 296]}, {"key": "net-issue-election-notice", "type": "clause", "offset": [423, 448]}, {"key": "appendix-b", "type": "definition", "offset": [467, 477]}, {"key": "duly-executed", "type": "clause", "offset": [478, 491]}, {"key": "office-of-the-corporation", "type": "definition", "offset": [500, 525]}, {"key": "issue-to", "type": "definition", "offset": [560, 568]}, {"key": "fully-paid", "type": "clause", "offset": [602, 612]}, {"key": "validly-issued", "type": "clause", "offset": [614, 628]}, {"key": "issued-to", "type": "definition", "offset": [826, 835]}, {"key": "total-number-of-shares-of-common-stock", "type": "clause", "offset": [864, 902]}, {"key": "covered-by", "type": "definition", "offset": [903, 913]}, {"key": "for-cash", "type": "definition", "offset": [980, 988]}, {"key": "fair-market-value", "type": "definition", "offset": [1014, 1031]}, {"key": "one-share", "type": "definition", "offset": [1036, 1045]}, {"key": "at-the-time", "type": "definition", "offset": [1065, 1076]}, {"key": "the-warrant", "type": "clause", "offset": [1114, 1125]}, {"key": "in-effect", "type": "definition", "offset": [1132, 1141]}], "size": 12, "snippet": "Notwithstanding any other provision contained herein to the contrary, the Warrantholder may elect to receive, without the payment by the Warrantholder of the aggregate Warrant Price in respect of the shares of Common Stock to be acquired, shares of Common Stock equal to the value of this Warrant or any portion hereof by the surrender of this Warrant (or such portion of this Warrant being so exercised) together with the Net Issue Election Notice annexed hereto as Appendix B duly executed, at the office of the Corporation. Thereupon, the Corporation shall issue to the Warrantholder such number of fully paid, validly issued and nonassessable shares of Common Stock as is computed using the following formula: X = Y (A - B) A where: \"X\" = the number of shares of Common Stock which the Warrantholder has then requested be issued to the Warrantholder \"Y\" = the total number of shares of Common Stock covered by this Warrant which the Warrantholder has surrendered at such time for cash-less exercise \"A\" = the \"Fair Market Value\" of one share of Common Stock as at the time the net issue election is made \"B\" = the Warrant Price in effect under this Warrant at the time the net issue election is made.", "hash": "1a882af7072896cd86adac385813eaf9", "id": 5}, {"samples": [{"hash": "asqqMbQkJv4", "uri": "/contracts/asqqMbQkJv4#net-issue-election", "label": "Warrant Agreement (Viewlocity Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "to-receive", "type": "definition", "offset": [21, 31]}, {"key": "by-the-holder", "type": "clause", "offset": [53, 66]}, {"key": "additional-consideration", "type": "definition", "offset": [74, 98]}, {"key": "equal-to", "type": "definition", "offset": [107, 115]}, {"key": "the-value", "type": "clause", "offset": [116, 125]}, {"key": "this-warrant", "type": "clause", "offset": [129, 141]}, {"key": "to-the-company", "type": "clause", "offset": [213, 227]}, {"key": "net-issue-election-notice", "type": "clause", "offset": [238, 263]}, {"key": "duly-executed", "type": "clause", "offset": [279, 292]}, {"key": "office-of-the-company", "type": "clause", "offset": [301, 322]}, {"key": "the-company-shall", "type": "clause", "offset": [335, 352]}, {"key": "issue-to", "type": "definition", "offset": [353, 361]}, {"key": "shares-of-series-a-preferred-stock", "type": "clause", "offset": [417, 451]}, {"key": "number-of-shares-of", "type": "clause", "offset": [537, 556]}, {"key": "issued-to", "type": "definition", "offset": [588, 597]}, {"key": "covered-by", "type": "definition", "offset": [693, 703]}, {"key": "in-respect-of", "type": "clause", "offset": [717, 730]}, {"key": "made-pursuant-to", "type": "clause", "offset": [763, 779]}, {"key": "the-fair-market-value", "type": "clause", "offset": [803, 824]}, {"key": "one-share", "type": "definition", "offset": [853, 862]}, {"key": "at-the-time", "type": "definition", "offset": [891, 902]}, {"key": "the-exercise-price", "type": "definition", "offset": [969, 987]}, {"key": "in-effect", "type": "definition", "offset": [988, 997]}, {"key": "board-shall", "type": "definition", "offset": [1095, 1106]}, {"key": "respond-in-writing", "type": "definition", "offset": [1116, 1134]}], "size": 9, "snippet": "The Holder may elect to receive, without the payment by the Holder of any additional consideration, shares equal to the value of this Warrant or any portion hereof by the surrender of this Warrant or such portion to the Company, with the net issue election notice annexed hereto duly executed, at the office of the Company. Thereupon, the Company shall issue to the Holder such number of fully paid and nonassessable shares of Series A Preferred Stock as is computed using the following formula: X = Y X (A-B) --------- A where: X = the number of shares of Series A Preferred Stock to be issued to the Holder pursuant to this Section 2(b). Y = the number of shares of Series A Preferred Stock covered by this Warrant in respect of which the net issue election is made pursuant to this Section 2(b). A = the Fair Market Value (as hereinafter defined) of one share of Series A Preferred Stock at the time the net issue election is made pursuant to this Section 2(b). B = the Exercise Price in effect under this Warrant at the time the net issue election is made pursuant to this Section 2(b). The Board shall promptly respond in writing to an inquiry by the Holder as to the Fair Market Value of one share of Series A Preferred Stock.", "hash": "29b022b098bd46c324ef0048c5baa731", "id": 6}, {"samples": [{"hash": "eYti5ZuU7WR", "uri": "/contracts/eYti5ZuU7WR#net-issue-election", "label": "Warrant Agreement (Vertical Communications, Inc.)", "score": 20.0, "published": true}, {"hash": "1hDh03MpT5I", "uri": "/contracts/1hDh03MpT5I#net-issue-election", "label": "Warrant Agreement (Vertical Communications, Inc.)", "score": 20.0, "published": true}, {"hash": "gFTnPYg32H1", "uri": "/contracts/gFTnPYg32H1#net-issue-election", "label": "Warrant Agreement (Vertical Communications, Inc.)", "score": 19.0, "published": true}], "snippet_links": [{"key": "notwithstanding-any-other-provision", "type": "clause", "offset": [0, 35]}, {"key": "to-the-public", "type": "definition", "offset": [115, 128]}, {"key": "for-any-reason", "type": "clause", "offset": [129, 143]}, {"key": "not-limited", "type": "clause", "offset": [160, 171]}, {"key": "failure-of-the", "type": "clause", "offset": [180, 194]}, {"key": "registration-of-the-warrant-shares", "type": "clause", "offset": [224, 258]}, {"key": "current-prospectus", "type": "definition", "offset": [272, 290]}, {"key": "available-for-delivery", "type": "definition", "offset": [291, 313]}, {"key": "but-excluding", "type": "clause", "offset": [328, 341]}, {"key": "of-the-warrantholder", "type": "clause", "offset": [356, 376]}, {"key": "to-sell", "type": "clause", "offset": [377, 384]}, {"key": "market-conditions", "type": "definition", "offset": [411, 428]}, {"key": "to-receive", "type": "definition", "offset": [459, 469]}, {"key": "payment-by-the", "type": "clause", "offset": [483, 497]}, {"key": "aggregate-warrant-price", "type": "definition", "offset": [519, 542]}, {"key": "in-respect-of", "type": "clause", "offset": [543, 556]}, {"key": "common-stock-to-be", "type": "clause", "offset": [571, 589]}, {"key": "equal-to", "type": "definition", "offset": [623, 631]}, {"key": "the-value", "type": "clause", "offset": [632, 641]}, {"key": "this-warrant", "type": "clause", "offset": [645, 657]}, {"key": "net-issue-election-notice", "type": "clause", "offset": [784, 809]}, {"key": "appendix-b", "type": "definition", "offset": [828, 838]}, {"key": "duly-executed", "type": "clause", "offset": [839, 852]}, {"key": "office-of-the-company", "type": "clause", "offset": [861, 882]}, {"key": "the-company-shall", "type": "clause", "offset": [895, 912]}, {"key": "issue-to", "type": "definition", "offset": [913, 921]}, {"key": "number-of", "type": "definition", "offset": [945, 954]}, {"key": "fully-paid", "type": "clause", "offset": [955, 965]}, {"key": "validly-issued", "type": "clause", "offset": [967, 981]}], "size": 8, "snippet": "Notwithstanding any other provision contained herein to the contrary, if the Warrant Shares may not be freely sold to the public for any reason (including, but not limited to, the failure of the Company to have effected the registration of the Warrant Shares or to have a current prospectus available for delivery or otherwise, but excluding the inability of the Warrantholder to sell the Warrant Shares due to market conditions), the Warrantholder may elect to receive, without the payment by the Warrantholder of the aggregate Warrant Price in respect of the shares of Common Stock to be acquired, shares of Common Stock equal to the value of this Warrant or any portion hereof by the surrender of this Warrant (or such portion of this Warrant being so exercised) together with the Net Issue Election Notice annexed hereto as Appendix B duly executed, at the office of the Company. Thereupon, the Company shall issue to the Warrantholder such number of fully paid, validly issued and nonassessable shares of Common Stock as is computed using the following formula: X = Y (A - B) where", "hash": "05707e9bd2d5f43732df1db65638b43b", "id": 7}, {"samples": [{"hash": "jLC8NdsvVvu", "uri": "/contracts/jLC8NdsvVvu#net-issue-election", "label": "Common Stock Purchase Warrant (Metromedia Fiber Network Inc)", "score": 16.0, "published": true}, {"hash": "eDHkQy9a47g", "uri": "/contracts/eDHkQy9a47g#net-issue-election", "label": "Common Stock Purchase Warrant (Metromedia Fiber Network Inc)", "score": 16.0, "published": true}, {"hash": "ctlMBi3XEjg", "uri": "/contracts/ctlMBi3XEjg#net-issue-election", "label": "Warrant Agreement (Metromedia Fiber Network Inc)", "score": 16.0, "published": true}], "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [0, 11]}, {"key": "from-time-to-time", "type": "clause", "offset": [12, 29]}, {"key": "to-receive", "type": "definition", "offset": [52, 62]}, {"key": "by-the-holder", "type": "clause", "offset": [84, 97]}, {"key": "additional-consideration", "type": "definition", "offset": [105, 129]}, {"key": "equal-to", "type": "definition", "offset": [138, 146]}, {"key": "the-value", "type": "clause", "offset": [147, 156]}, {"key": "this-warrant", "type": "clause", "offset": [160, 172]}, {"key": "to-the-company", "type": "clause", "offset": [244, 258]}, {"key": "net-issue-election-notice", "type": "clause", "offset": [269, 294]}, {"key": "duly-executed", "type": "clause", "offset": [310, 323]}, {"key": "principal-office-of-the-company", "type": "clause", "offset": [332, 363]}, {"key": "the-company-shall", "type": "clause", "offset": [376, 393]}, {"key": "issue-to", "type": "definition", "offset": [394, 402]}, {"key": "number-of", "type": "definition", "offset": [419, 428]}, {"key": "shares-of-stock", "type": "definition", "offset": [458, 473]}], "size": 7, "snippet": "At any time from time to time, the Holder may elect to receive, without the payment by the Holder of any additional consideration, shares equal to the value of this Warrant or any portion hereof by the surrender of this Warrant or such portion to the Company, with the net issue election notice annexed hereto duly executed, at the principal office of the Company. Thereupon, the Company shall issue to the Holder such number of fully paid and nonassessable shares of Stock as is computed using the following formula: X = Y (A-B) ------- A Where:", "hash": "8ea8fa70d3a8bd37c9b7abacc9c294ef", "id": 8}, {"samples": [{"hash": "24E8l6YioTQ", "uri": "/contracts/24E8l6YioTQ#net-issue-election", "label": "Warrant Agreement (Usdata Corp)", "score": 16.0, "published": true}], "snippet_links": [{"key": "to-receive", "type": "definition", "offset": [21, 31]}, {"key": "by-the-holder", "type": "clause", "offset": [53, 66]}, {"key": "additional-consideration", "type": "definition", "offset": [74, 98]}, {"key": "in-the-event-of", "type": "definition", "offset": [111, 126]}, {"key": "winding-up-of-the-company", "type": "clause", "offset": [159, 184]}, {"key": "pursuant-to-section", "type": "definition", "offset": [228, 247]}, {"key": "certificate-of-designation", "type": "definition", "offset": [269, 295]}, {"key": "series-c-1-preferred-stock", "type": "definition", "offset": [300, 326]}, {"key": "series-c-2-preferred-stock", "type": "definition", "offset": [331, 357]}, {"key": "net-liquidation-value", "type": "definition", "offset": [364, 385]}, {"key": "this-warrant", "type": "clause", "offset": [389, 401]}, {"key": "equal-to", "type": "definition", "offset": [441, 449]}, {"key": "net-value", "type": "clause", "offset": [454, 463]}, {"key": "to-the-company", "type": "clause", "offset": [593, 607]}, {"key": "notice-of", "type": "definition", "offset": [618, 627]}, {"key": "annex-c", "type": "definition", "offset": [662, 669]}, {"key": "duly-executed", "type": "clause", "offset": [677, 690]}, {"key": "office-of-the-company", "type": "clause", "offset": [699, 720]}, {"key": "the-company-shall", "type": "clause", "offset": [733, 750]}, {"key": "issue-to", "type": "definition", "offset": [751, 759]}, {"key": "in-the-case", "type": "clause", "offset": [835, 846]}, {"key": "net-exercise", "type": "clause", "offset": [852, 864]}, {"key": "pursuant-to-clause", "type": "clause", "offset": [865, 883]}, {"key": "fully-paid-and-nonassessable", "type": "clause", "offset": [906, 934]}, {"key": "series-c-shares", "type": "clause", "offset": [935, 950]}, {"key": "issued-to", "type": "definition", "offset": [1106, 1115]}, {"key": "covered-by", "type": "definition", "offset": [1182, 1192]}, {"key": "in-respect-of", "type": "clause", "offset": [1206, 1219]}, {"key": "made-pursuant-to", "type": "clause", "offset": [1252, 1268]}, {"key": "the-fair-market-value", "type": "clause", "offset": [1291, 1312]}, {"key": "one-share", "type": "definition", "offset": [1392, 1401]}, {"key": "common-stock", "type": "clause", "offset": [1419, 1431]}, {"key": "in-accordance-with", "type": "definition", "offset": [1447, 1465]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [1470, 1496]}, {"key": "shares-of-the-company", "type": "definition", "offset": [1806, 1827]}], "size": 7, "snippet": "The Holder may elect to receive, without the payment by the Holder of any additional consideration, either (x) in the event of any liquidation, dissolution or winding up of the Company (whether actual or deemed to have occurred pursuant to Section 3.c of the Company's Certificate of Designation for Series C-1 Preferred Stock and Series C-2 Preferred Stock), the Net Liquidation Value of this Warrant (as hereinafter defined) or (y) shares equal to the Net Value of this Warrant (as hereinafter defined), or in either case any portion hereof, by the surrender of this Warrant or such portion to the Company, with the Notice of Net Issue Election in the form of Annex C hereto duly executed, at the office of the Company. Thereupon, the Company shall issue to the Holder the Net Liquidation Value of this Warrant (or portion thereof), in the case of a net exercise pursuant to clause (x) or such number of fully paid and nonassessable Series C Shares as is computed using the following formula, in the case of a net exercise pursuant to clause (y): X = Y(A-B) ------ A where X = the number of shares to be issued to the holder pursuant to this Section 1.2. Y = the number of shares covered by this Warrant in respect of which the net issue election is made pursuant to this Section 1.2. A = the fair market value of one Series C Share, which shall be deemed to equal the fair market value of one share of the Company's Common Stock, as determined in accordance with the provisions of this Section 1.2; provided, however, that if each Series C Share is then convertible into more than or less than one share of the Company's Common Stock, then the fair market value of each Series C Share shall be deemed to equal the fair market value of one share of the Company's Common Stock multiplied by the number of shares of the Company's Common Stock into which each Series C Share is then convertible.", "hash": "92ba9263014a75091c402601734f427d", "id": 9}, {"samples": [{"hash": "kQK9LYcXkQG", "uri": "/contracts/kQK9LYcXkQG#net-issue-election", "label": "Warrant Agreement (Homestore Com Inc)", "score": 18.0, "published": true}, {"hash": "fgkvmSoJQdm", "uri": "/contracts/fgkvmSoJQdm#net-issue-election", "label": "Warrant Agreement (Homestore Com Inc)", "score": 18.0, "published": true}, {"hash": "bQ0mo0b41L6", "uri": "/contracts/bQ0mo0b41L6#net-issue-election", "label": "Warrant Agreement (Homestore Com Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-undersigned", "type": "definition", "offset": [0, 15]}, {"key": "to-convert", "type": "clause", "offset": [30, 40]}, {"key": "warrant-stock", "type": "definition", "offset": [92, 105]}, {"key": "terms-of-the-warrant", "type": "clause", "offset": [144, 164]}, {"key": "with-respect-to", "type": "clause", "offset": [195, 210]}, {"key": "shares-of-common-stock", "type": "clause", "offset": [224, 246]}, {"key": "covered-by", "type": "definition", "offset": [286, 296]}], "size": 6, "snippet": "The undersigned Holder elects to convert the ------------------ Warrant into such shares of Warrant Stock by net issue election pursuant to the terms of the Warrant. This conversion is exercised with respect to ____________ shares of Common Stock of \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587.\u2587\u2587\u2587 (the \"Warrant Stock\") covered by the Warrant.\n(1) ABOVE THAT DOES NOT APPLY]", "hash": "134a03befdc99fd2b8a389a619d10122", "id": 10}], "next_curs": "ClsSVWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjcLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhtuZXQtaXNzdWUtZWxlY3Rpb24jMDAwMDAwMGEMogECZW4YACAA", "clause": {"title": "Net Issue Election", "children": [["determination-of-fair-market-value", "Determination of Fair Market Value"], ["method-of-exercise", "Method of Exercise"], ["right-to-convert", "Right to Convert"], ["partial-exercise", "Partial Exercise"], ["fractional-shares", "Fractional Shares"]], "size": 428, "parents": [["exercise-of-warrant", "Exercise of Warrant"], ["miscellaneous", "Miscellaneous"], ["exercise-and-payment", "Exercise and Payment"], ["exercise", "Exercise"], ["general-provisions", "General Provisions"]], "id": "net-issue-election", "related": [["net-issue-exercise", "Net Issue Exercise", "Net Issue Exercise"], ["83b-election", "83(b) Election", "83(b) Election"], ["section-336e-election", "Section 336(e) Election", "Section 336(e) Election"], ["optional-redemption-at-election-of-company", "Optional Redemption at Election of Company", "Optional Redemption at Election of Company"], ["section-83b-election", "Section 83(b) Election", "Section 83(b) Election"]], "related_snippets": [], "updated": "2026-03-27T05:59:04+00:00"}, "json": true, "cursor": ""}}