Common use of Exercise and Duration of Warrant Clause in Contracts

Exercise and Duration of Warrant. (a) This Warrant shall be exercisable by the registered Holder with regard to the Warrant Shares, at any time, provided, however that the Warrant Shares so exercised are free from lock up pursuant to the lock up terms as set forth in Schedule A. The Warrant shall be exercisable until and including the 5 P.M., New York City time on May 11, 2011. Nevertheless, (i) in case of termination of the Holder’s engagement or service with the Company or any of its subsidiaries for whatever reason, all of the Holder’s Warrant Shares that are free from the Lock Up Undertaking at such time may be exercisable within 60 days from such termination and the balance of the portion of this Warrant not exercised prior thereto shall be and become void and of no value, regardless of whether this Warrant shall be returned to the Company; (ii) in case the said termination is due to the death or Disability (as defined hereunder) of the Holder, the Warrant Shares that are free from the Lock Up Undertaking at such time may be exercised within 3 months of the date of death and 3 months in the case of Disability.