Common use of Net Issue Exercise Clause in Contracts

Net Issue Exercise. In lieu of exercising this Warrant, the Holder may elect to receive Warrant Shares equal to the value of this Warrant 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 the number of Warrant Shares computed using the following formula:

Net Issue Exercise. In lieu of exercising this Warrant, the Holder may elect to receive Warrant 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 the a number of Warrant Shares computed using the following formula:: Where: X = the number of Shares to be issued to the Holder. Y = the number of the Shares being exercised on the date of determination.

Net Issue Exercise. (a) In lieu of exercising this WarrantWarrant pursuant to Section 1.2, the Holder may elect to receive Warrant 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 the a number of Warrant Shares shares of the Company's Common Stock computed using the following formula: X = Y (A-B) ------- A Where:

Net Issue Exercise. In lieu of exercising this WarrantWarrant pursuant to Section 1.1, the Holder may elect to receive Warrant 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 the a number of Warrant Shares shares of the Company's Common Stock computed using the following formula:: X = Y (W-Z) -------- W

Net Issue Exercise. In lieu of exercising this Warrant, the Holder may elect to receive Warrant 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 the a number of Warrant Shares computed using the following formula:: Y (A-B) Where: X = the number of Shares to be issued to the Holder. Y = the number of the Shares being exercised on the date of determination.

Net Issue Exercise. In lieu of exercising this WarrantWarrant pursuant to Section 3(a), the Holder may elect to receive Warrant Shares shares equal to the value of this Warrant (or of any portion thereof remaining unexercised) 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 the number of Warrant Shares shares of the Company’s Series C-2 Preferred Stock computed using the following formula:

Net Issue Exercise. In lieu of exercising this WarrantWarrant pursuant to Section 1.1, the Holder may elect to receive Warrant 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 the a number of Warrant Shares shares of the Company’s Common Stock computed using the following formula: X = Y (A-B) Where:

Net Issue Exercise. In lieu of exercising this WarrantWarrant pursuant to Section 1, the Holder may elect to receive Warrant Shares shares of Common Stock equal to the value of this Warrant by surrender of this Warrant during the Exercise Period at the principal office of the Company together with notice of such election, in which event the Company shall issue to the Holder the a number of Warrant Shares shares of the Company's Common Stock computed using the following formula: 2 X = Y (A-B) ------- A Where:

Net Issue Exercise. In lieu of exercising this Warrant, the Holder may also elect to receive Warrant Shares equal to the value of this Warrant (or of any portion thereof remaining unexercised) 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 the number of Warrant Shares computed using the following formula: X = Y (A-B) ------- A Where:

Net Issue Exercise. In lieu of exercising this Warrant, the The Holder may elect to receive Warrant a number of Shares equal to the value of this Warrant (or of any portion of this Warrant being canceled) by surrender of this Warrant at the principal office of the Company (or such other office or agency as the Company may designate) together with notice a properly completed and executed Notice of Exercise reflecting such election, in which event the Company shall issue to the Holder the that number of Warrant Shares computed using the following formula: X = Y (A – B) Where:

Net Issue Exercise. In lieu of exercising this WarrantWarrant pursuant to Section 3(a), the Holder may elect to receive Warrant Shares shares equal to the value of this Warrant (or of any portion thereof remaining unexercised) 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 the number of Warrant Shares shares of the Company’s Preferred Stock computed using the following formula:;

Net Issue Exercise. In lieu of exercising this Warrant, the Holder may shall elect to receive Warrant 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 located at 00 Xxxx Xxxxxx, Hauppauge, New York 11788 (by personal delivery or facsimile to the Chief Financial Officer) together with notice of such election, in which event the Company shall issue to the Holder the a number of Warrant Shares shares of the Company's Common Stock computed using the following formula: X = Y (W-Z) ------ W Where:

Net Issue Exercise. In lieu of exercising this Warrant, the Holder may elect to receive Warrant 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 the a number of Warrant Shares computed using the following formula:: Y (A-B)

Net Issue Exercise. In lieu of exercising this Warrant, the Holder may also elect to receive Warrant Shares shares equal to the value of this Warrant (or of any portion thereof remaining unexercised) 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 the number of Warrant Shares shares of the Company’s Preferred Stock computed using the following formula:

Net Issue Exercise. In lieu of exercising this WarrantWarrant pursuant to Section 2.1, the Holder may elect to receive Warrant Shares shares of Stock equal to the value of the portion of this Warrant being exercised 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 the a number of Warrant Shares shares of Stock computed using the following formula: X = Y (A-B) ------- A Where:

Net Issue Exercise. (a) In lieu addition to and without limiting the rights of exercising this Warrantthe Holder under the terms hereof, the Holder may elect to receive Warrant 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, election in which event the Company shall issue to the Holder the a number of Warrant Shares computed using the following formula:: X = Y(A-B) Where

Net Issue Exercise. In lieu of exercising this WarrantWarrant pursuant to Section 1.1, the Holder may elect to receive Warrant 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 the a number of Warrant Shares shares of the Company's Common Stock computed using the following formula: X = Y (W-Z) ------- W Where:

Net Issue Exercise. In lieu of exercising this WarrantWarrant pursuant to Section 3(a), the Holder may elect to receive Warrant Shares shares equal to the value of this Warrant (or of any portion thereof remaining unexercised) 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 the number of Warrant Shares shares of the Company’s Preferred Stock computed using the following formula:

Net Issue Exercise. In lieu of exercising this WarrantWarrant with cash, the Holder may elect to receive Warrant Shares shares equal to the value of this Warrant (or the portion thereof being canceled) by surrender of surrendering 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 the a number of Warrant Shares shares of common stock computed using the following formula: X = Y (A-B) ------- A where: