Calculation of Shares. In lieu of exercising this Warrant for cash, the Holder may elect to receive Shares equal to the value of this Warrant (or the portion thereof being exercised) by delivery of a Notice of Exercise a “Net Exercise”). Upon a Net Exercise the Holder shall have the rights described in Sections 4 hereof, and the Company shall issue to the Holder a number of Shares computed using the following formula:
Appears in 2 contracts
Sources: Warrant Agreement (HyreCar Inc.), Warrant Agreement (HyreCar Inc.)