Common use of Exchange of the Warrant upon a Transfer Clause in Contracts

Exchange of the Warrant upon a Transfer. On surrender of this Warrant (and a duly executed Assignment) to the Company for exchange in connection with the transfer of all or a portion of the rights under this Warrant, subject to the provisions of this Warrant with respect to compliance with the Securities Act and limitations on assignments and transfers, the Company, upon payment by the Holder of any applicable transfer taxes, shall issue to the Holder’s transferee (and, if applicable, the Holder) a new warrant or warrants of like tenor, in the name of the transferee (and, if applicable, the Holder) for the number of Shares issuable upon exercise thereof, and the Company shall register any such transfer upon the Warrant Register. This Warrant (and the rights to the securities issuable upon exercise of this Warrant) must be surrendered to the Company, as a condition precedent to the sale, pledge, hypothecation or other transfer of any interest in this Warrant or in any of the securities for which it is exercisable.

Exchange of the Warrant upon a Transfer. On surrender of this Warrant (and a duly executed Assignment) to the Company for exchange in connection with the transfer of all or a portion of the rights under this Warrantexchange, subject to the provisions of this Warrant with respect to compliance with the Securities Act and limitations on assignments and transfers, the Company, upon payment by the Holder of any applicable transfer taxes, Company shall issue to or on the Holder’s transferee (and, if applicable, order of the Holder) Holder a new warrant or warrants of like tenor, in the name of the transferee Holder or as the Holder (andon payment by the Holder of any applicable transfer taxes) may direct, if applicable, the Holder) for the number of Shares issuable upon exercise thereofhereof, and the Company shall promptly register any such transfer upon the Warrant Register. This Warrant (and the rights to the securities issuable upon exercise of the rights under this Warrant) must be surrendered to the CompanyCompany or its warrant or transfer agent, as applicable, as a condition precedent to the sale, pledge, hypothecation or other transfer of any interest in this Warrant or in any of the securities for which it is exercisable.represented hereby. Subject to the foregoing, the rights and obligations of the Company and the Holder under this Warrant shall be binding upon and benefit their respective permitted successors, assigns,

Exchange of the Warrant upon a Transfer. On surrender of this Warrant (and a duly executed Assignmentproperly endorsed Assignment Form) to the Company for exchange in connection with the transfer of all or a portion of the rights under this Warrantexchange, subject to the provisions of this Warrant with respect to compliance with the Securities Act and limitations on assignments and transferstransfers contained herein, the Company, upon payment by the Holder of any applicable transfer taxes, Company shall issue to or on the Holder’s transferee (and, if applicable, order of the Holder) Holder a new warrant or warrants of like tenor, in the name of the transferee Holder or as the Holder (andon payment by the Holder of any applicable transfer taxes) may direct, if applicable, the Holder) for the number of Shares or other securities issuable upon exercise thereofhereof, and the Company shall register any such transfer upon the Warrant Register. This Subject to the registration rights contained in Section 7.5 of the Warrant Agreement, this Warrant (and the rights to the Shares or other securities issuable upon exercise of the rights under this Warrant) must be surrendered to the CompanyCompany or its warrant or transfer agent, as applicable, as a condition precedent to the sale, pledge, hypothecation or other transfer of any interest in this Warrant or in any of the securities for which it is exercisablerepresented hereby.