Common use of Exercise of Purchase Options Clause in Contracts

Exercise of Purchase Options. No Net-Cash Settlement. Nothing contained in this Purchase Option shall be construed as requiring the Holder(s) to exercise their Purchase Options or Warrants underlying such Purchase Options prior to or after the initial filing of any registration statement or the effectiveness thereof. In no event will the Holder(s) of the Purchase Options be entitled to receive a net-cash settlement, securities or other consideration in lieu of physical settlement in shares of Common Stock, regardless of whether the Common Stock underlying their Purchase Options or Warrants is registered pursuant to an effective registration statement.