Common use of Fractional Shares of Common Stock Clause in Contracts

Fractional Shares of Common Stock. The Company shall not be required to issue fractional shares of Common Stock upon the exercise of any Warrant. If fractional shares are not issued upon the exercise of any Warrant, there shall be paid to the holder thereof, in lieu of any fractional share of Common Stock resulting therefrom, an amount of cash equal to the product of:

Fractional Shares of Common Stock. The Company shall not be required to issue fractional shares of Common Stock upon the exercise of any Warrant. If fractional shares are not issued upon the exercise of any Warrant, there shall be paid to the holder thereof, in lieu of any fractional share of Common Stock resulting therefrom, an amount of cash equal to the product of:: (a) the fractional amount of such share of Common Stock; and (b) the Market Price, as determined on the trading day immediately prior to the date of exercise of such Warrant.