Common use of Statement of Intention to Exercise Clause in Contracts

Statement of Intention to Exercise. The registered holder of this Warrant, by his acceptance hereof, agrees that prior to any exercise of this Warrant where the exercising Warrantholder requests the Company to issue Stock certificates in a name other than such Warrantholder, or prior to any transfer of this Warrant or the related Warrant Shares, said Warrantholder will deliver to the Company a statement setting forth either said holder's intention with respect to the retention or disposition of any Warrant Shares issuable upon such exercise, or the intention of said holder's prospective transferee with respect to its retention or disposition of this Warrant or of said Warrant Shares (whichever is involved in such transfer), in either such case. If required by the Company, counsel to such Warrantholder shall deliver, at the expense of such Warrantholder, an opinion of counsel as to the necessity or non-necessity for registration under the Securities Act in connection with such exercise or transfer. If the proposed exercise or transfer of this Warrant or the proposed transfer of such Warrant Shares may be effected without registration under the Securities Act or any applicable state securities laws of this Warrant or such Warrant Shares, as the case may be, then the registered holder of this Warrant shall be entitled to exercise or transfer this Warrant or to transfer such Warrant Shares in accordance with the intended method of disposition specified in the statement delivered by said holder to the Company. If the proposed exercise or transfer of this Warrant or the proposed transfer of such Warrant Shares may not be effected without registration under the Securities Act or any applicable state securities laws of this Warrant or such Warrant Shares, as the case may be, the registered holder of this Warrant shall not be entitled to exercise or transfer this Warrant or to transfer such Warrant Shares, as the case may be.

Statement of Intention to Exercise. The registered holder of this Warrant, by his acceptance hereof, agrees that prior to any exercise of this Warrant where the exercising Warrantholder requests the Company to issue Stock certificates in a name other than such Warrantholder, or prior to any transfer of this Warrant or the related Warrant Shares, said Warrantholder will deliver to the Company a statement setting forth either said holderhxxxxx's intention with respect to the retention or disposition of any Warrant Shares issuable upon such exercise, or the intention of said holder's prospective transferee with respect to its retention or disposition of this Warrant or of said Warrant Shares (whichever is involved in such transfer), in either such case. If required by the Company, counsel to such Warrantholder shall deliver, at the expense of such Warrantholder, an opinion of counsel as to the necessity or non-necessity for registration under the Securities Act in connection with such exercise or transfer. If the proposed exercise or transfer of this Warrant or the proposed transfer of such Warrant Shares may be effected without registration under the Securities Act or any applicable state securities laws of this Warrant or such Warrant Shares, as the case may be, then the registered holder of this Warrant shall be entitled to exercise or transfer this Warrant or to transfer such Warrant Shares in accordance with the intended method of disposition specified in the statement delivered by said holder to the Company. If the proposed exercise or transfer of this Warrant or the proposed transfer of such Warrant Shares may not be effected without registration under the Securities Act or any applicable state securities laws of this Warrant or such Warrant Shares, as the case may be, the registered holder of this Warrant shall not be entitled to exercise or transfer this Warrant or to transfer such Warrant Shares, as the case may be.