Common use of Effect of Exercise of the Warrant Clause in Contracts

Effect of Exercise of the Warrant. (a) Upon surrender and payment as aforesaid, the Common Shares so subscribed for shall be issued as fully paid and non-assessable shares of the Corporation and the holder shall become the holder of record of such Common Shares on the date of such surrender and payment. (b) Within five business days after surrender and payment as aforesaid, the Corporation shall forthwith cause the issuance to the holder a certificate for the Common Shares purchased as aforesaid.

Effect of Exercise of the Warrant. (a) Upon surrender and payment as aforesaid, aforesaid the Common Shares so subscribed for shall be issued as fully paid and non-assessable shares of the Corporation and the holder shall become the holder of record of such Common Shares on the date of such surrender and payment.; and (b) Within five business days after surrender and payment as aforesaid, the Corporation Company shall forthwith cause the issuance to the holder a certificate for the Common Shares purchased as aforesaid.

Effect of Exercise of the Warrant. (a) Upon surrender and payment as aforesaid, the Common Shares so subscribed for shall be issued as fully paid and non-assessable shares of the Corporation and the holder Holder shall become the holder of record of such Common Shares on the date of such surrender and payment.; and (b) Within five business days (5) Business Days after surrender and payment as aforesaid, the Corporation Company shall forthwith cause the issuance to the holder Holder a certificate for the Common Shares purchased subscribed for as aforesaid.

Effect of Exercise of the Warrant. (a) Upon surrender and payment as aforesaid, aforesaid the Common Shares so subscribed for shall will be issued as fully paid and non-assessable shares of the Corporation and the holder shall Holder will become the holder Holder of record of such Common Shares on the date of such surrender and payment.; and (b) Within five business days Business Days after surrender and payment as aforesaid, the Corporation shall will forthwith cause the issuance to the holder Holder a certificate for the Common Shares purchased as aforesaid.

Effect of Exercise of the Warrant. (a) Upon surrender and payment as aforesaid, aforesaid the Common Shares so subscribed for shall be issued as fully paid and non-assessable shares of the Corporation and the holder shall become the holder of record of such Common Shares on the date of such surrender and payment.payment and upon receipt by the Company of such other documents contemplated or required by the exercise form; and (b) Within five business days after surrender and payment as aforesaid, the Corporation Company shall forthwith cause the issuance to the holder a certificate for the Common Shares purchased as aforesaid.