Common use of ISSUANCE OF SHARES; NO FRACTIONAL SHARES OR SCRIP Clause in Contracts

ISSUANCE OF SHARES; NO FRACTIONAL SHARES OR SCRIP. Certificates for shares purchased upon exercise or issuable upon conversion hereof shall be delivered to the holder by the Company's stock transfer agent at the Company's expense within three business days after the date on which this Warrant shall have been exercised or converted, as the case may be, in accordance with the terms hereof. Each certificate so delivered shall be in such denominations as may be requested by the holder hereof and shall be registered in the name of such holder or, subject to applicable laws, any other name or names as shall be requested by such holder; PROVIDED, HOWEVER, that in the event certificates for Warrant Shares are to be issued in a name other than the name of the holder of this Warrant, this Warrant when surrendered for exercise or conversion shall be accompanied by an Assignment Form, the form of which is attached hereto as ANNEX B, duly executed by the holder hereof. If, upon exercise or conversion of this Warrant, fewer than all of the Warrant Shares evidenced by this Warrant are purchased or issued prior to the Expiration Date, one or more new warrants of like tenor to this Warrant will be issued for the remaining number of Warrant Shares not purchased upon such exercise or issued upon such conversion. The Company agrees that the shares so issued shall be deemed to be issued to such holder as the record owner of such shares as of the close of business on the date on which this Warrant shall have been surrendered for exercise or conversion in accordance with the terms hereof. No fractional shares or scrip representing fractional shares shall be issued upon the exercise or conversion of this Warrant. With respect to any fraction of a share otherwise issuable upon the exercise or conversion of this Warrant, an amount equal to such fraction multiplied by the then current price at which each share may be purchased hereunder shall be paid in cash to the holder of this Warrant.

ISSUANCE OF SHARES; NO FRACTIONAL SHARES OR SCRIP. Certificates for shares purchased upon exercise or issuable upon conversion hereof hereunder shall be delivered to the holder Holder hereof by the Company's stock Corporation’s transfer agent together with warrants representing the Unit Warrants purchased, at the Company's Corporation’s expense within three business days a reasonable time after the date on which this Warrant shall have been exercised or converted, as the case may be, in accordance with the terms hereof. Each certificate so delivered shall be in such denominations as may be requested by the holder Holder hereof and shall be registered in the name of such holder Holder or, subject to applicable laws, any such other name or names as shall be requested by such holder; PROVIDED, HOWEVER, that in the event certificates for Warrant Shares are to be issued in a name other than the name of the holder of this Warrant, this Warrant when surrendered for exercise or conversion shall be accompanied by an Assignment Form, the form of which is attached hereto as ANNEX B, duly executed by the holder hereofHolder. If, upon exercise or conversion of this Warrant, fewer than all of the Warrant Shares Units evidenced by this Warrant are purchased or issued prior to the Expiration DateTime, one or more new warrants of like tenor to substantially in the form of, and on the terms in, this Warrant will be issued for the remaining number of Warrant Shares Units not purchased upon such exercise or of this Warrant. The Corporation hereby represents and warrants that all shares of Warrant Stock which may be issued upon the exercise of this Warrant will, upon such conversionexercise, be duly and validly authorized and issued, fully paid and nonassessable and free from all taxes, liens and charges in respect of the issuance thereof (other than liens or charges created by or imposed upon the Holder of the Warrant Stock). The Company Corporation agrees that the shares Warrant Stock so issued and Unit Warrants shall be and will be deemed to be issued to such holder Holder as the record owner of such shares and warrants as of the close of business on the date on which this Warrant shall have been surrendered for exercise or conversion in accordance with the terms hereof. No fractional shares or scrip representing fractional shares shall be issued upon the exercise or conversion of this Warrant. With respect to any fraction of a share otherwise issuable called for upon the exercise or conversion of this Warrant, an amount equal to such fraction multiplied by the then current price at which each share may be purchased hereunder shall be paid in cash to the holder Holder of this Warrant.

ISSUANCE OF SHARES; NO FRACTIONAL SHARES OR SCRIP. Certificates for shares purchased upon exercise or issuable upon conversion hereof hereunder shall be delivered to the holder Holder by the Company's stock ’s transfer agent at the Company's ’s expense within three business days a reasonable time after the date on which this Warrant shall have been exercised or converted, as the case may be, in accordance with the terms hereof. Each certificate so delivered shall be in such denominations as may be requested by the holder hereof Holder and shall be registered in the name of such holder the Holder or, subject to applicable laws, any such other name or names as shall be requested by such holder; PROVIDED, HOWEVER, that in the event certificates for Warrant Shares are to be issued in a name other than the name of the holder of this Warrant, this Warrant when surrendered for exercise or conversion shall be accompanied by an Assignment Form, the form of which is attached hereto as ANNEX B, duly executed by the holder hereofHolder. If, upon exercise or conversion of this Warrant, fewer than all of the Warrant Shares evidenced by this Warrant are purchased or issued prior to the Expiration Date, one or more new warrants of like tenor to Warrants substantially in the form of, and on the terms in, this Warrant will be issued for the remaining number of Warrant Shares shares of Common Stock not purchased upon such exercise or of this Warrant. The Company hereby represents and warrants that all of the underlying shares of Common Stock which may be issued upon the exercise of this Warrant will, upon such conversionexercise, be duly and validly authorized and issued, fully paid, and nonassessable and free from all taxes, liens, and charges in respect of the issuance thereof (other than liens or charges created by or imposed upon the Holder). The Company agrees that the shares so issued shall be and will be deemed to be issued to such holder H▇▇▇▇▇ as the record owner of such shares as of the close of business on the date on which this Warrant shall have been surrendered for exercise or conversion in accordance with the terms hereof. No fractional shares or scrip representing fractional shares shall be issued upon the exercise or conversion of this Warrant. With respect to any fraction of a share otherwise issuable called for upon the exercise or conversion of this Warrant, an amount equal to such fraction multiplied by the then current price at which each share may be purchased hereunder shall be paid in cash to the holder Holder of this Warrant.

ISSUANCE OF SHARES; NO FRACTIONAL SHARES OR SCRIP. Certificates for shares purchased upon exercise or issuable upon conversion hereof hereunder shall be delivered to the holder Holder by the Company's stock Corporation’s transfer agent at the Company's Corporation’s expense within three business days a reasonable time after the date on which this Warrant shall have been exercised or converted, as the case may be, in accordance with the terms hereof. Each certificate so delivered shall be in such denominations as may be requested by the holder hereof Holder and shall be registered in the name of such holder the Holder or, subject to applicable laws, any such other name or names as shall be requested by such holder; PROVIDED, HOWEVER, that in the event certificates for Warrant Shares are to be issued in a name other than the name of the holder of this Warrant, this Warrant when surrendered for exercise or conversion shall be accompanied by an Assignment Form, the form of which is attached hereto as ANNEX B, duly executed by the holder hereofHolder. If, upon exercise or conversion of this Warrant, fewer than all of the shares of Warrant Shares Stock evidenced by this Warrant are purchased or issued prior to the Expiration DateTime, one or more new warrants of like tenor to Warrants substantially in the form of, and on the terms in, this Warrant will be issued for the remaining number of shares of Warrant Shares Stock not purchased upon such exercise or of this Warrant. The Corporation hereby represents and warrants that all shares of Warrant Stock which may be issued upon the exercise of this Warrant will, upon such conversionexercise, be duly and validly authorized and issued, fully paid, and nonassessable and free from all taxes, liens, and charges in respect of the issuance thereof (other than liens or charges created by or imposed upon the Holder). The Company Corporation agrees that the shares so issued shall be and will be deemed to be issued to such holder Holder as the record owner of such shares as of the close of business on the date on which this Warrant shall have been surrendered for exercise or conversion in accordance with the terms hereof. No fractional shares or scrip representing fractional shares shall be issued upon the exercise or conversion of this Warrant. With respect to any fraction of a share otherwise issuable called for upon the exercise or conversion of this Warrant, an amount equal to such fraction multiplied by the then current price at which each share may be purchased hereunder shall be paid in cash to the holder Holder of this Warrant.

ISSUANCE OF SHARES; NO FRACTIONAL SHARES OR SCRIP. Certificates for shares purchased upon exercise or issuable upon conversion hereof hereunder shall be delivered to the holder Holder by the Company's stock Corporation’s transfer agent at the Company's Corporation’s expense within three business days a reasonable time after the date on which this Warrant shall have been exercised or converted, as the case may be, in accordance with the terms hereof. Each certificate so delivered shall be in such denominations as may be requested by the holder hereof Holder and shall be registered in the name of such holder the Holder or, subject to applicable laws, any such other name or names as shall be requested by such holder; PROVIDED, HOWEVER, that in the event certificates for Warrant Shares are to be issued in a name other than the name of the holder of this Warrant, this Warrant when surrendered for exercise or conversion shall be accompanied by an Assignment Form, the form of which is attached hereto as ANNEX B, duly executed by the holder hereofHolder. If, If upon exercise or conversion of this Warrant, fewer than all of the Warrant Shares shares of Common Stock evidenced by this Warrant are purchased or issued prior to the Expiration DateTime, one or more new warrants of like tenor to Warrants substantially in the form of, and on the terms in, this Warrant will be issued for the remaining number of Warrant Shares shares of Common Stock not purchased upon such exercise or of this Warrant. The Corporation hereby represents and warrants that all shares of Common Stock which may be issued upon the exercise of this Warrant will, upon such conversionexercise, be duly and validly authorized and issued, fully paid, and nonassessable and free from all taxes, liens, and charges in respect of the issuance thereof (other than liens or charges created by or imposed upon the Holder). The Company Corporation agrees that the shares so issued shall be and will be deemed to be issued to such holder H▇▇▇▇▇ as the record owner of such shares as of the close of business on the date on which this Warrant shall have been surrendered for exercise or conversion in accordance with the terms hereof. No fractional shares or scrip representing fractional shares shall be issued upon the exercise or conversion of this Warrant. With respect to any fraction of a share otherwise issuable called for upon the exercise or conversion of this Warrant, an amount equal to such fraction multiplied by the then current price at which each share may be purchased hereunder shall be paid in cash to the holder Holder of this Warrant.

ISSUANCE OF SHARES; NO FRACTIONAL SHARES OR SCRIP. Certificates for shares purchased upon exercise or issuable upon conversion hereof hereunder shall be delivered to the holder Holder hereof by the Company's stock Corporation’s transfer agent at the Company's Corporation’s expense within three business days a reasonable time after the date on which this Warrant shall have been exercised or converted, as the case may be, in accordance with the terms hereof. Each certificate so delivered shall be in such denominations as may be requested by the holder Holder hereof and shall be registered in the name of such holder Holder or, subject to applicable laws, any such other name or names as shall be requested by such holder; PROVIDED, HOWEVER, that in the event certificates for Warrant Shares are to be issued in a name other than the name of the holder of this Warrant, this Warrant when surrendered for exercise or conversion shall be accompanied by an Assignment Form, the form of which is attached hereto as ANNEX B, duly executed by the holder hereofHolder. If, upon exercise or conversion of this Warrant, fewer than all of the shares of Warrant Shares Stock evidenced by this Warrant are purchased or issued prior to the Expiration DateTime, one or more new warrants of like tenor to substantially in the form of, and on the terms in, this Warrant will be issued for the remaining number of shares of Warrant Shares Stock not purchased upon such exercise or of this Warrant. The Corporation hereby represents and warrants that all shares of Warrant Stock which may be issued upon the exercise of this Warrant will, upon such conversionexercise, be duly and validly authorized and issued, fully paid and nonassessable and free from all taxes, liens and charges in respect of the issuance thereof (other than liens or charges created by or imposed upon the Holder of the Warrant Stock). The Company Corporation agrees that the shares so issued shall be and will be deemed to be issued to such holder Holder as the record owner of such shares as of the close of business on the date on which this Warrant shall have been surrendered for exercise or conversion in accordance with the terms hereof. No fractional shares or scrip representing fractional shares shall be issued upon the exercise or conversion of this Warrant. With respect to any fraction of a share otherwise issuable called for upon the exercise or conversion of this Warrant, an amount equal to such fraction multiplied by the then current price at which each share may be purchased hereunder shall be paid in cash to the holder Holder of this Warrant.

ISSUANCE OF SHARES; NO FRACTIONAL SHARES OR SCRIP. Certificates for shares purchased upon exercise hereunder or issuable upon conversion hereof shall be delivered to the holder hereof by the Company's stock transfer agent at the Company's expense within three business days a reasonable time after the date on which this Warrant Option shall have been exercised or converted, as the case may be, converted in accordance with the terms hereof. Each certificate so delivered shall be in such denominations as may be requested by the holder hereof and shall be registered in the name of such holder or, subject to applicable laws, any other name or names as shall be requested by such holder; PROVIDED, HOWEVER, that in the event certificates for Warrant Shares are to be issued in a name other than the name of the holder of this Warrant, this Warrant when surrendered for exercise or conversion shall be accompanied by an Assignment Form, the form of which is attached hereto as ANNEX B, duly executed by the holder hereof. If, upon exercise or conversion of this WarrantOption, fewer than all of the Warrant Shares shares of Option Stock evidenced by this Warrant Option are purchased or issued prior to the Expiration DateTime, one or more new warrants of like tenor to Options substantially in the form of, and on the terms in, this Warrant Option will be issued for the remaining number of Warrant Shares shares of Option Stock not purchased upon exercise or conversion of this Option. The Company hereby represents and warrants that all shares of Option Stock which may be issued upon the exercise or conversion of this Option will, upon such exercise or issued conversion, be duly and validly authorized and issued, fully paid and nonassessable and free from all taxes, liens and charges in respect of the issuance thereof (other than liens or charges created by or imposed upon such conversionthe holder of the Option Stock). The Company agrees that the shares so issued shall be and be deemed to be issued to such holder as the record owner of such shares as of the close of business on the date on which this Warrant Option shall have been surrendered for exercise or conversion in accordance with the terms hereof. No fractional shares or scrip representing fractional shares shall be issued upon the exercise or conversion of this WarrantOption. With respect to any fraction of a share otherwise issuable called for upon the exercise or conversion of this WarrantOption, an amount equal to such fraction multiplied by the then current price at which each share may be purchased hereunder shall be paid in cash to the holder of this WarrantOption.

ISSUANCE OF SHARES; NO FRACTIONAL SHARES OR SCRIP. Certificates for shares purchased upon exercise or issuable upon conversion hereof hereunder shall be delivered to the holder by the Company's stock transfer agent at the Company's expense hereof within three business days a reasonable time after the date on which this Warrant shall have been exercised or converted, as the case may be, converted in accordance with the terms hereof. Each certificate so delivered shall be in such denominations as The Company hereby represents and warrants that all shares of Warrant Stock which may be requested by issued upon the holder hereof exercise of this Warrant will, upon such exercise, be duly and shall be registered validly authorized and issued, fully paid and nonassessable and free from all taxes, liens and charges in respect of the name of such holder or, subject to applicable laws, any other name or names as shall be requested by such holder; PROVIDED, HOWEVER, that in the event certificates for Warrant Shares are to be issued in a name issuance thereof (other than the name of liens or charges created by or imposed upon the holder of this Warrant, this Warrant when surrendered for exercise or conversion shall be accompanied by an Assignment Form, the form of which is attached hereto as ANNEX B, duly executed by the holder hereof. If, upon exercise or conversion of this Warrant, fewer than all of the Warrant Shares evidenced by this Warrant are purchased or issued prior to the Expiration Date, one or more new warrants of like tenor to this Warrant will be issued for the remaining number of Warrant Shares not purchased upon such exercise or issued upon such conversionStock). The Company agrees that the shares so issued shall be and shall for all purposes be deemed to be have been issued to such holder as the record owner of such shares as of the close of business on the date on which this Warrant shall have been surrendered for exercise exercised or conversion converted in accordance with the terms hereof. No fractional shares or scrip representing fractional shares shall be issued upon the exercise or conversion of this Warrant. With respect to any fraction of a share otherwise issuable called for upon the exercise or conversion of this Warrant, an amount equal to such fraction multiplied by the then current fair market value of a share of Warrant Stock, such fair market value to be determined based on the closing sales price at for the Common Stock of the Company (or the closing bid, if no sales were reported) as quoted on any established stock exchange or national market system on which each share may be purchased hereunder Company's Common Stock is listed, for the last market trading day prior to the date of exercise of the Warrant, or, if no public market exists for the Common Stock of the Company, as determined in good faith by the Company's Board of Directors, shall be paid in cash or check to the holder of this Warrant.