After White's two-space high approach, one way for Black to play is simply to enclose the corner. What now for White?
White plays 3 and 5, not worrying overly about Black's plays at a and b to cut. Black at c is another professional play seen here.
For example, Nie Weiping-Fujisawa Hideyuki 1982-06-13 went this way.
Ben Axelrod: I am a little confused. In this example are both players playing lightly, or just white?
unkx80: Just White. Notice White's stones have a very loose structure.