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 of Warrant Stock purchased hereunder shall be delivered to the Holder promptly after the date on which this Warrant shall have been exercised in accordance with the terms hereof. The Company hereby represents and warrants that all shares of Warrant Stock which may be issued upon the exercise of this Warrant have been duly authorized and will, upon such exercise, 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