Common use of Exercise of the Purchase Rights Clause in Contracts

Exercise of the Purchase Rights. The purchase rights set forth in this Warrant Agreement are exercisable by the Warrantholder, in whole or in part, at any time, or from time to time, prior to the expiration of the term set forth in Section 2 above, by tendering to the Company at its principal office a notice of exercise in the form attached hereto as Exhibit I (the "NOTICE OF EXERCISE"), duly completed and executed. Promptly upon receipt of the Notice of Exercise and the payment of the purchase price in accordance with the terms set forth below, and in no event later than twenty-one (21) days thereafter, the Company shall issue to the Warrantholder a certificate for the number of shares of Preferred Stock purchased and shall execute the acknowledgment of exercise in the form attached hereto as Exhibit II (the "ACKNOWLEDGMENT OF EXERCISE") indicating the number of shares which remain subject to future purchases, if any. The Exercise Price may be paid at the Warrantholder's election either (i) by cash or check, or (ii) by surrender of Warrants ("NET ISSUANCE") as determined below. If the

Exercise of the Purchase Rights. The purchase rights set forth in this Warrant Agreement are exercisable by the Warrantholder, in whole or in part, at any time, or from time to time, prior to the expiration of the term set forth in Section 2 above, by tendering to the Company at its principal office a notice of exercise in the form attached hereto as Exhibit I (the "NOTICE OF EXERCISE"), duly completed and executed. Promptly upon receipt of the Notice of Exercise and the payment of the purchase price in accordance with the terms set forth below, and in no event later than twenty-one (21) days thereafter, the Company shall issue to the Warrantholder a certificate for the number of shares of Preferred Stock purchased and shall execute the acknowledgment acknowledgement of exercise in the form attached hereto as Exhibit II (the "ACKNOWLEDGMENT OF EXERCISE") indicating the number of shares which remain subject to future purchases, if any. The Exercise Price may be paid at the Warrantholder's election either (i) by cash or check, or (ii) by surrender of Warrants ("NET ISSUANCENet Issuance") as determined below. If the

Exercise of the Purchase Rights. The purchase rights set forth in this Warrant Agreement are exercisable by the Warrantholder, in whole or in part, at any time, or from time to time, prior to the expiration of the term set forth in Section 2 above2, by tendering to the Company at its principal office a notice of exercise in the form attached hereto as Exhibit I (the "NOTICE OF EXERCISENotice of Exercise"), duly completed and executed. Promptly upon receipt of the Notice of Exercise and the payment of the purchase price Purchase Price in accordance with the terms set forth below, and in no event later than twenty-one three (213) business days thereafter, the Company shall issue to the Warrantholder a certificate for the number of shares of Preferred Common Stock purchased and shall execute the acknowledgment of exercise in the form attached hereto as Exhibit II (the "ACKNOWLEDGMENT OF EXERCISEAcknowledgment of Exercise") indicating the number of shares which remain subject to future purchases, if any. The Exercise Purchase Price may shall be paid at the Warrantholder's election either (i) by cash certified or checkcashier’s check or by wire transfer of funds to the Company’s designated account. Upon partial exercise, or (ii) by surrender the Company shall promptly issue an amended Agreement representing the remaining number of Warrants ("NET ISSUANCE") as determined belowshares purchasable hereunder. If theAll other terms and conditions of such amended Agreement shall be identical to those contained herein, including, but not limited to the Effective Date hereof.