Common use of Assignment of Warrant Clause in Contracts

Assignment of Warrant. Subject to compliance with Section 4 hereof, this Warrant may be assigned by presentation and surrender to the Company at its principal office or at the office of its stock transfer agent, if any, with the Assignment Form annexed hereto duly executed accompanied by funds sufficient to pay any transfer tax. Upon such presentation and surrender, the Company shall, without charge, execute and deliver a new Warrant in the name of the assignee named in the Assignment Form and shall promptly cancel this Warrant.