Common use of Right to Convert Warrant Into Stock Net Issuance Clause in Contracts

Right to Convert Warrant Into Stock Net Issuance. In addition to and without limiting the rights of Landlord under the terms of this Warrant and in lieu of exercising this Warrant under Section 3(a) above, Landlord may elect to convert this Warrant (the “Conversion Right”) into shares of common stock, the aggregate value of which shares shall be equal to the value of this Warrant. The Conversion Right may be exercised by Landlord by surrender of this Warrant at the principal office of the Company (with the Notice of Exercise form attached hereto as Exhibit A-1 duly executed), in which event the Company shall issue to Landlord a number of shares of the Company’s common stock computed using the following formula: X = Y (A-B) A Where: X = The number of shares of common stock to be issued to Landlord. Y = The number of shares of common stock covered by this Warrant in respect of which the net issue election is made pursuant to this Section 3(b). A = The closing price of one share of the Company’s common stock as reported on the Nasdaq National Market on the trading day immediately preceding the date that the Exercise Notice is delivered to the Company. B = Exercise Price (as adjusted to the date of such calculations).

Right to Convert Warrant Into Stock Net Issuance. In addition to ------------------------------------------------- and without limiting the rights of Landlord DIRECTV under the terms of this Warrant and in lieu of exercising this Warrant under Section 3(a) above, Landlord DIRECTV may elect to convert this Warrant (the “"Conversion Right”") into shares of common stock, ---------------- the aggregate value of which shares shall be equal to the value of this Warrant. The Conversion Right may be exercised by Landlord DIRECTV by surrender of this Warrant at the principal office of the Company (with the Notice of Exercise form attached hereto as Exhibit A-1 duly executed), in which event the Company shall issue to Landlord DIRECTV a number of shares of the Company’s 's common stock computed using the following formula: X = Y (A-B) ------- A Where: X = The number of shares of common stock to be issued to LandlordDIRECTV. Y = The number of shares of common stock covered by this Warrant in respect of which the net issue election is made pursuant to this Section 3(b). A = The closing price of one share of the Company’s 's common stock as reported on the Nasdaq National Market on the trading day immediately preceding the date that the Exercise Notice is delivered to the Company. B = Exercise Price (as adjusted to the date of such calculations).