Common use of Delivery of Warrant Shares and Net Number of shares of Common Stock Clause in Contracts

Delivery of Warrant Shares and Net Number of shares of Common Stock. The Company shall cause the Warrant Agent to deliver to Holder, or its designee or agent as specified below, shares of Common Stock in respect of the exercise contemplated hereby. Delivery shall be made to Holder, or for its benefit, to the following address: Name of Registered Holder By: Name: Title: Account Number: (if electronic book entry transfer) Transaction Code Number: (if electronic book entry transfer) Capitalized terms used herein and not otherwise defined shall have the respective meanings set forth in the Warrant. Net Number = (A x B)/C = shares of Common Stock For purposes of the foregoing formula: A= the total number of shares with respect to which this Warrant is then being exercised = .

Appears in 2 contracts

Sources: Warrant Agency Agreement (Skyline Medical Inc.), Warrant Agency Agreement (Skyline Medical Inc.)