Cashless Exercise. On any exercise of this Warrant, in lieu of payment of the aggregate Exercise Price in the manner specified in Section 2.1 above (but otherwise in accordance with the requirements of such Section), Holder may elect to surrender to the Company Shares having an aggregate value equal to the aggregate Exercise Price. If Holder makes such election, the Company shall issue to Holder such number of fully paid and non-assessable Shares determined by the following formula:

Cashless Exercise. On any exercise of this Warrant, in lieu of payment of the aggregate ExerciseWarrant Price in the manner as specified in Section 2.1.1 above (butabove, but otherwise in accordance with the requirements of such Section),Section 1.1, Holder may elect to surrender to the Companyreceive Shares having an aggregate value equal to the aggregate Exercise Price. If Holder makes such election,value of this Warrant, or portion hereof as to which this Warrant is being exercised. Thereupon, the Company shall issue to the Holder such number of fully paid and non-assessable Shares determined byas are computed using the following formula:

Cashless Exercise. On any exerciseIn lieu of exercising this Purchase Warrant by payment of cash or check payable to the order of the Company pursuant to Section 2.1 above, Holder may elect to receive the number of Shares equal to the value of this Warrant,Purchase Warrant (or the portion thereof being exercised), by surrender of this Purchase Warrant to the Company, together with the exercise form attached hereto, in lieu of payment ofwhich event the aggregate Exercise Price in the manner specified in Section 2.1 above (but otherwiseCompany will issue to Holder Shares in accordance with the requirements of such Section), Holder may elect to surrender to the Company Shares having an aggregate value equal to the aggregate Exercise Price. If Holder makes such election, the Company shall issue to Holder such number of fully paid and non-assessable Shares determined by the following formula:

Cashless Exercise. OnIf at the time of any exercise of this Warrant,Warrant a registration statement is not available for the issuance of the Warrant Shares, then this Warrant may also be exercised at the Holder’s election, in whole or in part and in lieu of making the cash payment of the aggregate Exercise Price in the manner specified in Section 2.1 above (but otherwise in accordance with the requirements of such Section), Holder may electcontemplated to surrenderbe made to the Company upon such exercise, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive a number of Warrant Shares having an aggregate value equal to the aggregate Exercise Price. If Holder makes such election, the Company shall issue to Holder such number of fully paid and non-assessable Shares determinedquotient obtained by the following formula:dividing ​ by (A), where:

Cashless Exercise. OnIf at any exercise of this Warrant, in lieu of paymenttime after the Initial Exercise Date, there is no effective Registration Statement registering, or no current prospectus available for the resale of the aggregate Exercise PriceWarrant Shares by the Holder, then this Warrant may also be exercised at the Holder’s election, in whole or in part, at such time by means of a “cashless exercise” in which the manner specified in Section 2.1 above (but otherwise in accordance with the requirementsHolder shall be entitled to receive a number of such Section), Holder may elect to surrender to the CompanyWarrant Shares having an aggregate value equal to the aggregate Exercise Price. If Holder makes such election, the Company shall issue to Holder such number of fully paid and non-assessable Shares determinedquotient obtained by the following formula:dividing ​ by (A), where:

Cashless Exercise. On any exercisePayment of this Warrant,Exercise Price. Notwithstanding anything contained herein to the contrary, the Holder may, in lieu of payment ofits sole discretion, satisfy its obligation to pay the aggregate Exercise Price through a “net share exercise”, in the manner specified in Section 2.1 above (but otherwise in accordance with the requirements of such Section), Holder may elect to surrender to the Company Shares having an aggregate value equal to the aggregate Exercise Price. If Holder makes such election,which event the Company shall issue to the Holder suchthe number of fully paid and non-assessableWarrant Shares determined by the following formula:as follows:

Cashless Exercise. On any exercisePayment of this Warrant, in lieu of paymentExercise Price. In the event that the Holder has elected a Cash Exercise with respect to some or all of the aggregateWarrant Shares to be issued pursuant hereto, the Holder shall pay the Aggregate Exercise Price in the manner specified in Section 2.1 above (but otherwisesum of ​ to the Company in accordance with the requirementsterms of such Section), Holder may elect to surrender to the Company Shares having an aggregate value equal to the aggregate Exercise Price. If Holder makes such election, the Company shall issue to Holder such number of fully paid and non-assessable Shares determined by the following formula:Warrant.