Common use of Procedure for Exercise of Warrant Clause in Contracts

Procedure for Exercise of Warrant. Holder may exercise this Warrant by delivering the following to the principal office of the Company in accordance with Section 6.1 hereof: (i) a duly executed Notice of Exercise in substantially the form attached as Schedule A, (ii) payment of the Warrant Price then in effect for each of the Shares being purchased, as designated in the Notice of Exercise. Payment of the Warrant Price shall be made by the Holder by (a) delivering to the Company cash, certified or official bank check payable to the order of the Company, or wire transfer of funds to the Company’s account (or any combination of any of the foregoing) in the amount of the Warrant Price for each share being purchased or (b) providing a written notice to the Company that the Holder is exercising this Warrant on a “cashless exercise” basis by authorizing the Company to withhold from issuance a number of shares of Common Stock otherwise issuable upon such exercise of this Warrant which, when multiplied by the Fair Market Value (as defined below) of the Common Stock on the date of exercise, is equal to the aggregate Warrant Price (and such withheld shares shall no longer be issuable under this Warrant).