Warrant Conversion

Warrant Conversion. The Company shall deliver to the Warrantholder (without payment by the Warrantholder of any cash or other consideration) that number of shares of Common Stock equal to the difference of (I) the total number of shares of Warrant Stock into which this Warrant is exercisable minus (II) that number of Shares of Warrant Stock having an aggregate "Spread" (as defined herein) equal to the aggregate Exercise Price.