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

Effect of Exercise of Warrant Certificates. (a) Upon the exercise of Warrants pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.4, the Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, and the person or persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of such Common Shares on the Exercise Date unless the register shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such register is reopened. It is hereby understood that, in order for persons to whom Common Shares are to be issued, to become holders of Common Shares of record on the Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.

Effect of Exercise of Warrant Certificates. (a1) Upon the exercise of Warrants Warrant Certificates pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.4, the Common Warrant Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, issued and the person or persons to whom such Common Warrant Shares are to be issued shall be deemed to have become the holder or holders of such Common Warrant Shares on within five Business Days of the Exercise Date unless the register shall be closed on such date, in which case the Common Warrant Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Warrant Shares, on the date on which such register is reopened. It is hereby understood that, that in order for persons to whom Common Warrant Shares are to be issued, to become holders of Common Warrant Shares of on record on the Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.

Effect of Exercise of Warrant Certificates. (a1) Upon the exercise of Warrants Certificates pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.4, the Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, issued and the person or persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of such Common Shares on within five Business Days of the Exercise Date unless the register shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such register is reopened. It is hereby understood that, that in order for persons to whom Common Shares are to be issued, to become holders of Common Shares of on record on the Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.

Effect of Exercise of Warrant Certificates. (a1) Upon the exercise of Warrants Warrant Certificates pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.43.3, the Common Warrant Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, issued and the person or persons to whom such Common Warrant Shares are to be issued shall be deemed to have become the holder or holders of such Common Warrant Shares on within five Business Days of the Exercise Date unless the register shall be closed on such date, in which case the Common Warrant Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Warrant Shares, on the date on which such register is reopened. It is hereby understood that, in order for persons to whom Common Warrant Shares are to be issued, to become holders of Common Warrant Shares of on record on the Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.

Effect of Exercise of Warrant Certificates. (a1) Upon the exercise of Warrants Certificates pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.4, the Common Warrant Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, issued and the person or persons to whom such Common Warrant Shares are to be issued shall be deemed to have become the holder or holders of such Common Warrant Shares on within five Business Days of the Exercise Date unless the register shall be closed on such date, in which case the Common Warrant Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Warrant Shares, on the date on which such register is reopened. It is hereby understood that, that in order for persons to whom Common Warrant Shares are to be issued, to become holders of Common Warrant Shares of on record on the Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.

Effect of Exercise of Warrant Certificates. (a1) Upon the exercise of Warrants pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.4, the Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, issued and the person or persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of such Common Shares on within three Business Days of the Exercise Date unless the Common Share register shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such register is reopened. It is hereby understood that, that in order for persons to whom Common Shares are to be issued, to become holders of Common Shares of on record on the Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.

Effect of Exercise of Warrant Certificates. (a1) Upon the exercise of Warrants pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.4, the Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, issued and the person or persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of such Common Shares on as of the Exercise Date Date, unless the register registers shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such register is registers are reopened. It is hereby understood that, that in order for persons to whom Common Shares are to be issued, issued to become holders of Common Shares of record on the Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.

Effect of Exercise of Warrant Certificates. (a1) Upon the exercise of Warrants Certificates pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.43.3, the Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, issued and the person or persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of such Common Shares on within five Business Days of the Exercise Date unless the register shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such register is reopened. It is hereby understood that, that in order for persons to whom Common Shares are to be issued, to become holders of Common Shares of on record on the Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.

Effect of Exercise of Warrant Certificates. (a1) Upon the exercise of Warrants pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.4, the Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, issued and the person Person or persons Persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of record of such Common Shares on the Exercise Date Date, unless the register transfer registers of the Corporation shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person Person or persons Persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such register is transfer registers are reopened. It is hereby understood that, that in order for persons to whom Common Shares are holders to be issued, to become holders of Common Shares of Warrants on record on the an Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.

Effect of Exercise of Warrant Certificates. (a) Upon the exercise of Warrants pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.4, the Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, and the person or persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of such Common Shares on as of the Exercise Date unless the register shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such register is reopened. It is hereby understood that, in order for persons to whom Common Shares are to be issued, to become holders of Common Shares of on record on the Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one (1) Business Day prior to such Exercise Date.

Effect of Exercise of Warrant Certificates. (a1) Upon the exercise of Warrants Certificates pursuant to and in compliance with Section 3.2 and subject to Section Sections 3.3 and Section 3.4, the Common Warrant Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, issued and the person or persons to whom such Common Warrant Shares are to be issued shall be deemed to have become the holder or holders of such Common Warrant Shares on within five Business Days of the Exercise Date unless the register shall be closed on such date, in which case the Common Warrant Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Warrant Shares, on the date on which such register is reopened. It is hereby understood that, that in order for persons to whom Common Warrant Shares are to be issued, to become holders of Common Warrant Shares of on record on the Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.

Effect of Exercise of Warrant Certificates. (a) Upon the exercise of Warrants pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.4, the Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, issued and the person or persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of record of such Common Shares on the Exercise Date Date, unless the register shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such register is reopened. It is hereby understood that, that in order for persons to whom Common Shares are to be issued, to become holders of Common Shares of record on the Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.

Effect of Exercise of Warrant Certificates. (a1) Upon the exercise of Warrants Warrant Certificates pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.4, the Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, issued and the person or persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of record of such Common Shares on the Exercise Date Date, unless the register transfer registers of the Corporation shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such register is transfer registers are reopened. It is hereby understood that, that in order for persons to whom Common Shares are holders to be issued, to become holders of Common Shares of Warrants on record on the an Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.

Effect of Exercise of Warrant Certificates. (a1) Upon the exercise of Warrants Warrant Certificates pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.4, the Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, issued and the person Person or persons Persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of record of such Common Shares on the Exercise Date Date, unless the register transfer registers of the Corporation shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person Person or persons Persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such register is transfer registers are reopened. It is hereby understood that, that in order for persons to whom Common Shares are holders to be issued, to become holders of Common Shares of Warrants on record on the an Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.

Effect of Exercise of Warrant Certificates. (a) Upon the exercise of Warrants Warrant Certificates pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.4, the Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, issued and the person or persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of such Common Shares on within five Business Days of the Exercise Date unless the register shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such register is reopened. It is hereby understood that, that in order for persons to whom Common Shares are to be issued, to become holders of Common Shares of on record on the Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.

Effect of Exercise of Warrant Certificates. (a1) Upon the exercise of Warrants pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.4, the Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, issued and the person or persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of such Common Shares on within five business days of the Exercise Date Date, unless the register registers shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such register is registers are reopened. It is hereby understood that, that in order for persons to whom Common Shares are to be issued, issued to become holders of Common Shares of record on the Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.

Effect of Exercise of Warrant Certificates. (a) Upon the exercise of Warrants pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.4, the Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, issued and the person Person or persons Persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of record of such Common Shares on the Exercise Date Date, unless the register transfer registers of the Corporation shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person Person or persons Persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such register is transfer registers are reopened. It is hereby understood that, that in order for persons to whom Common Shares are Warrantholders to be issued, to become holders of Common Shares of record on the Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.

Effect of Exercise of Warrant Certificates. (a) Upon the exercise of Warrants pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.4, the Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, and the person or persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of such Common Shares on within five Business Days of the Exercise Date unless the register shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such register is reopened. It is hereby understood that, in order for persons to whom Common Shares are to be issued, to become holders of Common Shares of on record on the Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.

Effect of Exercise of Warrant Certificates. (a1) Upon the exercise of Warrants pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.4, the Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, issued and the person or persons to whom such Common Shares are to be issued upon exercise of the Warrants shall be deemed to have become the holder or holders of such Common Shares on as of the Exercise Date Date, unless the register registers shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such register is registers are reopened. It is hereby understood that, that in order for persons to whom Common Shares are to be issued, issued to become holders of Common Shares of record on the Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.

Effect of Exercise of Warrant Certificates. (a1) Upon the exercise of Warrants pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.4, the Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, issued and the person or persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of such Common Shares on within three Business Days of the Exercise Date unless the register transfer registers of the Corporation shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such register is transfer registers are reopened. It is hereby understood that, that in order for persons to whom Common Shares are beneficial holders to be issued, to become holders of Common Shares of on record on the an Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to close of business on such Exercise Date.

Effect of Exercise of Warrant Certificates. (a1) Upon the exercise of Warrants Certificates pursuant to and in compliance with Section 3.2 and subject to Section 3.3 Section3.3 and Section 3.4, the Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, issued and the person or persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of such Common Shares on within five Business Days of the Exercise Date Date, unless the register shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such register is reopened. It is hereby understood that, that in order for persons to whom Common Shares are to be issued, to become holders of Common Shares of on record on the Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.

Effect of Exercise of Warrant Certificates. (a) Upon the exercise of Warrants pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.4, the Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, issued and the person or persons warrantholders to whom such Common Shares are to be issued shall be deemed to have become the holder shareholder or holders of record of such Common Shares on the Exercise Date Date, unless the register transfer registers of the Corporation shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such register is transfer registers are reopened. It is hereby understood that, that in order for persons to whom Common Shares are holders to be issued, to become holders of Common Shares of Warrants on record on the an Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.

Effect of Exercise of Warrant Certificates. (a1) Upon the exercise of Warrants pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.43.3, the Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, issued and the person or persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of such Common Shares on as of the Exercise Date Date, unless the register registers shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such register is registers are reopened. It is hereby understood that, that in order for persons to whom Common Shares are to be issued, issued to become holders of Common Shares of record on the Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one three (3) Business Day Days prior to such Exercise Date.

Effect of Exercise of Warrant Certificates. (a1) Upon the exercise of Warrants pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.4, the Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, issued and the person or persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of such Common Shares on within 5 Business Days of the Exercise Date unless the register of Registered Warrantholders shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such register is reopened. It is hereby understood that, that in order for persons to whom Common Shares are to be issued, to become holders of Common Shares of on record on the Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.Date.‌

Effect of Exercise of Warrant Certificates. (a1) Upon the exercise of Warrants pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.4, the Common Warrant Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, issued and the person or persons to whom such Common Warrant Shares are to be issued shall be deemed to have become the holder or holders of such Common Warrant Shares on as of the Exercise Date Date, unless the register shall be closed on such date, in which case the Common Warrant Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Warrant Shares, on the date on which such register is registers are reopened. It is hereby understood that, that in order for persons to whom Common Warrant Shares are to be issued, issued to become holders of Common Warrant Shares of record on the Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.

Effect of Exercise of Warrant Certificates. (a1) Upon the exercise of Warrants Warrant Certificates pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.4, the Common Warrant Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, issued and the person or persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of such Common Shares on within five Business Days of the Exercise Date unless the register shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such register is reopened. It is hereby understood that, that in order for persons to whom Common Shares are to be issued, to become holders of Common Shares of on record on the Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.

Effect of Exercise of Warrant Certificates. (a1) Upon the exercise of Warrants Warrant Certificates pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.4, the Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, issued and the person or persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of such Common Shares on within five (5) Business Days of the Exercise Date unless the share register of the Corporation shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such share register is reopened. It is hereby understood that, that in order for persons to whom Common Shares are to be issued, to become holders of Common Shares of record on the Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.

Effect of Exercise of Warrant Certificates. (a1) Upon the exercise of Warrants pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.4, the Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, issued and the person or persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of such Common Shares on within five Business Days of the Exercise Date unless the register of Warrantholders shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such register of Warrantholders is reopened. It is hereby understood that, that in order for persons to whom Common Shares are to be issued, to become holders of Common Shares of on record on the Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.

Effect of Exercise of Warrant Certificates. (a1) Upon the exercise of Warrants Certificates pursuant to and in compliance with Section 3.2 and subject to Section 3.3 3.4 and Section 3.43.5, the Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, issued and the person or persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of such Common Shares on within three Business Days of the Exercise Date unless the register shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such register is reopened. It is hereby understood that, that in order for persons to whom Common Shares are to be issued, to become holders of Common Shares of on record on the Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.

Effect of Exercise of Warrant Certificates. (a1) Upon the exercise of Warrants Certificates pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.4, the Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, issued and the person Person or persons Persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of such Common Shares on within three (3) Business Days of the Exercise Date unless the register Register shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person Person or persons Persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such register the Register is reopened. It is hereby understood that, that in order for persons Persons to whom Common Shares are to be issued, issued to become holders of Common Shares of record on the Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one (1) Business Day prior to such Exercise Date.

Effect of Exercise of Warrant Certificates. (a1) Upon the exercise of Warrants Certificates pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.4, the Common Warrant Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, issued and the person or persons to whom such Common Warrant Shares are to be issued shall be deemed to have become the holder or holders of such Common Warrant Shares on within three Business Days of the Exercise Date unless the register shall be closed on such date, in which case the Common Warrant Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Warrant Shares, on the date on which such register is reopened. It is hereby understood that, that in order for persons to whom Common Warrant Shares are to be issued, to become holders of Common Warrant Shares of on record on the Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.

Effect of Exercise of Warrant Certificates. (a1) Upon the exercise of Warrants pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.4, the Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, issued and the person or persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of such Common Shares on as of the Exercise Date unless the register of Warrantholders shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such register of Warrantholders is reopened. It is hereby understood that, that in order for persons to whom Common Shares are to be issued, to become holders of Common Shares of on record on the Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.

Effect of Exercise of Warrant Certificates. (a1) Upon the exercise of Warrants Certificates pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.4, the Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, issued and the person or persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of such Common Shares on within five (5) Business Days of the Exercise Date unless the register shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such register is reopened. It is hereby understood that, that in order for persons to whom Common Shares are to be issued, to become holders of Common Shares of on record on the Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.

Effect of Exercise of Warrant Certificates. (a1) Upon the exercise of Warrants pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.4, the Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, issued and the person Person or persons Persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of record of such Common Shares on the Exercise Date Date, unless the register transfer registers of the Corporation shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person Person or persons Persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such register is transfer registers are reopened. It is hereby understood that, that in order for persons to whom Common Shares are holders to be issued, to become holders of Common Shares of Warrants on record on the an Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Trading Day prior to such Exercise Date.

Effect of Exercise of Warrant Certificates. (a) Upon the exercise of Warrants Certificates pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.4, the Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, issued and the person or persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of such Common Shares on within three Business Days of the Exercise Date unless the register shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such register is reopened. It is hereby understood that, that in order for persons to whom Common Shares are to be issued, to become holders of Common Shares of on record on the Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.

Effect of Exercise of Warrant Certificates. (a1) Upon the exercise of Warrants pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.4, the Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, issued and the person or persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of such Common Shares on within 5 Business Days of the Exercise Date unless the register of Warrantholders shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such register is reopened. It is hereby understood that, that in order for persons to whom Common Shares are to be issued, to become holders of Common Shares of on record on the Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.

Effect of Exercise of Warrant Certificates. (a1) Upon the exercise of Warrants pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.43.3, the Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, issued and the person or persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of such Common Shares on the Exercise Date Date, unless the register transfer registers of the Corporation shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such register is transfer registers are reopened. It is hereby understood that, that in order for persons to whom Common Shares are beneficial holders to be issued, to become holders of Common Shares of on record on the an Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to close of business on such Exercise Date.

Effect of Exercise of Warrant Certificates. (a1) Upon the exercise of Warrants pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.43.3, the Common Warrant Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, issued and the person or persons to whom such Common Warrant Shares are to be issued shall be deemed to have become the holder or holders of such Common Warrant Shares on as of the Exercise Date Date, unless the register registers shall be closed on such date, in which case the Common Warrant Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Warrant Shares, on the date on which such register is registers are reopened. It is hereby understood that, that in order for persons to whom Common Warrant Shares are to be issued, issued to become holders of Common Warrant Shares of record on the Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.

Effect of Exercise of Warrant Certificates. (a1) Upon the exercise of Warrants Certificates pursuant to and in compliance with Section 3.2 3.1 and subject to Section 3.3 3.2 and Section 3.43.3, the Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, issued and the person or persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of record of such Common Shares on the Exercise Date unless the register shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such register is reopened. It is hereby understood that, that in order for persons to whom Common Shares are to be issued, to become holders of Common Shares of record on the Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.

Effect of Exercise of Warrant Certificates. (a1) Upon the exercise of Warrants Certificates pursuant to and in compliance with Section 3.2 and subject to Section Sections 3.3 and Section 3.4, the Common Warrant Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, issued and the person or persons to whom such Common Warrant Shares are to be issued shall be deemed to have become the holder or holders of such Common Warrant Shares on within three Business Days of the Exercise Date unless the register shall be closed on such date, in which case the Common Warrant Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Warrant Shares, on the date on which such register is reopened. It is hereby understood that, that in order for persons to whom Common Warrant Shares are to be issued, to become holders of Common Warrant Shares of on record on the Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.

Effect of Exercise of Warrant Certificates. (a1) Upon the exercise of Warrants Certificates pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.43.3, the Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, issued and the person or persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of such Common Shares on within three (3) Business Days of the Exercise Date Date, unless the register shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such register is reopened. It is hereby understood that, that in order for persons beneficial holders of Warrants held by the Depository to whom Common Shares are to be issued, to become the holders of Common Shares of on record on the Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.

Effect of Exercise of Warrant Certificates. (a1) Upon the exercise of Warrants pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.4, the Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, issued and the person or persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of such Common Shares on within 3 Business Days of the Exercise Date unless the register transfer registers of the Corporation shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such register is transfer registers are reopened. It is hereby understood that, that in order for persons to whom Common Shares are beneficial holders to be issued, to become holders of Common Shares of on record on the an Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to close of business on such Exercise Date.

Effect of Exercise of Warrant Certificates. (a1) Upon the exercise of Warrants Certificates pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.4, the Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, issued and the person or persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of such Common Shares on within five (5) Business Days of the Exercise Date unless the register Register shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such register Register is reopened. It is hereby understood that, that in order for persons to whom Common Shares are to be issued, to become holders of Common Shares of on record on the Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.

Effect of Exercise of Warrant Certificates. (a1) Upon the exercise of Warrants Warrant Certificates pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.4, the Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, issued and the person or persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of such Common Shares on within five Business Days of the Exercise Date Date, unless the register shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such register is reopened. It is hereby understood that, that in order for persons to whom Common Shares are to be issued, to become holders of Common Shares of on record on the Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.

Effect of Exercise of Warrant Certificates. (a1) Upon the exercise of Warrants pursuant to and in compliance with Section 3.2 and subject to Section 3.3 and Section 3.4, the Common Shares to be issued pursuant to the Warrants exercised shall be deemed to have been issued, issued and the person or persons to whom such Common Shares are to be issued shall be deemed to have become the holder or holders of such Common Shares on as of the Exercise Date Date, unless the register registers shall be closed on such date, in which case the Common Shares subscribed for shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Common Shares, on the date on which such register is registers are reopened. It is hereby understood that, that in order for persons to whom Common Shares are to be issued, issued to become holders of Common Shares of record on the Exercise Date, beneficial holders must commence the exercise process sufficiently in advance so that the Warrant Agent is in receipt of all items of exercise at least one Business Day prior to such Exercise Date.