Common use of Transfers and Exchanges Clause in Contracts

Transfers and Exchanges. The Warrant Agent shall transfer, from time to time, any outstanding Warrants upon the books to be maintained by the Warrant Agent for that purpose, upon surrender thereof for transfer properly endorsed or accompanied by appropriate instructions for transfer. Upon any such transfer, a new Warrant shall be issued to the transferee and the surrendered Warrant shall be cancelled by the Warrant Agent. Warrants so cancelled shall be delivered by the Warrant Agent to the Company from time to time upon request. Warrants may be exchanged at the option of the holder thereof, when surrendered at the office of the Warrant Agent, for another Warrant, or other Warrants of different denominations of like tenor and representing in the aggregate the right to purchase a like number of shares of Common Stock. No certificates for Warrants shall be issued except for (i) Warrants initially issued hereunder in accordance with Section 1 hereof, (ii) Warrants issued upon any transfer or exchange of Warrants, (iii) Warrants issued in replacement of lost, stolen, destroyed or mutilated certificates for Warrants pursuant to Section 7 hereof, and (iv) at the option of the Board of Directors of the Company, Warrants in such form as may be approved by its Board of Directors, to reflect any adjustment or change in the Warrant Price or the number of shares of Common Stock purchasable upon exercise of the Warrants made pursuant to Section 9 hereof.

Transfers and Exchanges. The Warrant Agent shall transfer, from time to time, any outstanding Warrants upon the books to be maintained by the Warrant Agent for that purpose, upon the surrender thereof for transfer properly endorsed or accompanied by appropriate instructions for transfer. Upon any such transfer, a new Warrant of like tenor shall be issued to the transferee and the surrendered Warrant shall be cancelled by the Warrant Agent. All such Warrants so cancelled shall be delivered by the Warrant Agent to the Company from time to time upon requesttime. The Warrants may be exchanged at the option of the holder thereof, when surrendered at the office in ______________________________________ of the Warrant Agent, for another Warrant, or other Warrants of different denominations denominations, of like tenor and representing in the aggregate the right to purchase a like number of shares of Common StockShares. No certificates for Warrants shall be issued except for (i) Warrants initially issued hereunder The Warrant Agent is hereby irrevocably authorized to countersign and deliver, in accordance with the provisions of this Section 1 hereofand Section 3 of this Agreement, (ii) such new Warrants issued upon any transfer or exchange of Warrants, (iii) Warrants issued in replacement of lost, stolen, destroyed or mutilated certificates for Warrants required pursuant to Section 7 hereofthe provisions of this Section, and (iv) at the option of the Board of Directors of the Company, Warrants in such form as may be approved whenever required by its Board of Directors, to reflect any adjustment or change in the Warrant Price or Agent, will supply the number Warrant Agent with Warrants duly executed on behalf of shares the Company for such purpose. [IF THE WARRANTS ARE ATTACHED TO OTHER SECURITIES, INSERT -- Notwithstanding the foregoing, until __________________, the Warrants shall not be transferable apart from the _____________ to which they are attached, any transfer of Common Stock purchasable upon exercise the _____________ shall be deemed a transfer of the Warrants made pursuant attached thereto, and any attempt to Section 9 hereoftransfer the Warrants apart from the ___________________ shall be void and of no effect. Each Warrant shall contain a legend to the foregoing effect.]

Transfers and Exchanges. The Warrant Agent shall transfer, from time to time, any outstanding Warrants upon the books to be maintained by the Warrant Agent for that purpose, upon the surrender thereof for transfer properly endorsed or accompanied by appropriate instructions for transfer. Upon any such transfer, a new Warrant of like tenor shall be issued to the transferee and the surrendered Warrant shall be cancelled canceled by the Warrant Agent. All such Warrants so cancelled canceled shall be delivered by the Warrant Agent to the Company from time to time upon requesttime. The Warrants may be exchanged at the option of the holder thereof, when surrendered at the office in ____________________ of the Warrant Agent, for another Warrant, or other Warrants of different denominations denominations, of like tenor and representing in the aggregate the right to purchase a like number of shares of Common StockShares. No certificates for Warrants shall be issued except for (i) Warrants initially issued hereunder The Warrant Agent is hereby irrevocably authorized to countersign and deliver, in accordance with the provisions of this Section 1 hereofand Section 3 of this Agreement, (ii) such new Warrants issued upon any transfer or exchange of Warrants, (iii) Warrants issued in replacement of lost, stolen, destroyed or mutilated certificates for Warrants required pursuant to Section 7 hereofthe provisions of this Section, and (iv) at the option of the Board of Directors of the Company, Warrants in such form as may be approved whenever required by its Board of Directors, to reflect any adjustment or change in the Warrant Price or Agent, will supply the number Warrant Agent with Warrants duly executed on behalf of shares the Company for such purpose. [IF THE WARRANTS ARE ATTACHED TO OTHER SECURITIES, INSERT - Notwithstanding the foregoing, until ________________________, the Warrants shall not be transferable apart from the _______________________ to which they are attached, any transfer of Common Stock purchasable upon exercise the _____________________________ shall be deemed a transfer of the Warrants made pursuant attached thereto, and any attempt to Section 9 hereoftransfer the Warrants apart from the _________ shall be void and of no effect. Each Warrant shall contain a legend to the foregoing effect.]

Transfers and Exchanges. The Warrant Agent shall transfer, from time to time, any outstanding Warrants upon the books to be maintained by the Warrant Agent for that purpose, upon surrender thereof for transfer properly endorsed or accompanied by appropriate instructions for transfer. Upon any such transfer, a new Warrant shall be issued to the transferee and the surrendered Warrant shall be cancelled canceled by the Warrant Agent. Warrants so cancelled canceled shall be delivered by the Warrant Agent to the Company from time to time upon request. Warrants may be exchanged at the option of the holder thereof, when surrendered at the office of the Warrant Agent, for another Warrant, or other Warrants of different denominations of like tenor and representing in the aggregate the right to purchase a like number of shares of Common Stock. No certificates for Warrants shall be issued except for (i) Warrants initially issued hereunder in accordance with Section 1 hereof, (ii) Warrants issued upon any transfer or exchange of Warrants, (iii) Warrants issued in replacement of lost, stolen, destroyed or mutilated certificates for Warrants pursuant to Section 7 hereof, and (iv) at the option of the Board of Directors of the Company, Warrants in such form as may be approved by its Board of Directors, to reflect any adjustment or change in the Warrant Price or the number of shares of Common Stock purchasable upon exercise of the Warrants made pursuant to Section 9 hereof.

Transfers and Exchanges. The Warrant Agent shall transfer, from time to time, any outstanding Warrants upon the books to be maintained by the Warrant Agent for that purpose, upon the surrender thereof for transfer properly endorsed or accompanied by appropriate instructions for transfer. Upon any such transfer, a new Warrant of like tenor shall be issued to the transferee and the surrendered Warrant shall be cancelled by the Warrant Agent. All such Warrants so cancelled shall be delivered by the Warrant Agent to the Company from time to time upon requesttime. The Warrants may be exchanged at the option of the holder thereof, when surrendered at the office in ____________________________________ of the Warrant Agent, for another Warrant, or other Warrants of different denominations denominations, of like tenor and representing in the aggregate the right to purchase a like number of shares of Common StockShares. No certificates for Warrants shall be issued except for (i) Warrants initially issued hereunder The Warrant Agent is hereby irrevocably authorized to countersign and deliver, in accordance with the provisions of this Section 1 hereofand Section 3 of this Agreement, (ii) such new Warrants issued upon any transfer or exchange of Warrants, (iii) Warrants issued in replacement of lost, stolen, destroyed or mutilated certificates for Warrants required pursuant to Section 7 hereofthe provisions of this Section, and (iv) at the option of the Board of Directors of the Company, Warrants in such form as may be approved whenever required by its Board of Directors, to reflect any adjustment or change in the Warrant Price or Agent, will supply the number Warrant Agent with Warrants duly executed on behalf of shares the Company for such purpose. [IF THE WARRANTS ARE ATTACHED TO OTHER SECURITIES, INSERT -- Notwithstanding the foregoing, until __________________, the Warrants shall not be transferable apart from the _____________ to which they are attached, any transfer of Common Stock purchasable upon exercise the _____________ shall be deemed a transfer of the Warrants made pursuant attached thereto, and any attempt to Section 9 hereoftransfer the Warrants apart from the ___________________ shall be void and of no effect. Each Warrant shall contain a legend to the foregoing effect.]

Transfers and Exchanges. The Warrant Agent shall transfer, from time to time, any outstanding Warrants upon the books to be maintained by the Warrant Agent for that purpose, upon surrender thereof for transfer properly endorsed or accompanied by appropriate instructions for transfer. Upon any such transfer, a new Warrant shall be issued to the transferee and the surrendered Warrant shall be cancelled by the Warrant Agent. Warrants so cancelled shall be delivered by the Warrant Agent to the Company from time to time upon request. Warrants may be exchanged at the option of the holder thereof, when surrendered at the office of the Warrant Agent, for another Warrant, or other Warrants of different denominations of like tenor and representing in the aggregate the right to purchase a like number of shares of Common Stock. No certificates for Warrants shall be issued except for (i) Warrants initially issued hereunder in accordance with Section 1 hereof, (ii) Warrants issued upon any transfer or exchange of Warrants, (iii) Warrants issued in replacement of lost, stolen, destroyed or mutilated certificates for Warrants pursuant to Section 7 hereof, and (iv) at the option of the Board of Directors of the Company, Warrants in such form as may be approved by its Board of Directors, to reflect any adjustment or change in the Warrant Price or the number of shares of Common Stock purchasable upon exercise of the Warrants made pursuant to Section 9 hereof. Notwithstanding the foregoing, Warrants which were automatically converted from Bridge Warrants may not be transferred by the initial holders thereof until expiration of the twenty-four (24) month period commencing on the Effective Date, unless an earlier transfer is approved in advance and in writing by Maidstone Financial, Inc. Accordingly, such Warrants may certain legends and be subject to stop transfer and other restrictions limiting transfers during such 24 month period.

Transfers and Exchanges. The Warrant Agent shall transfer, from time to time, any outstanding Warrants upon the books to be maintained by the Warrant Agent for that purpose, upon surrender thereof for transfer properly endorsed or accompanied by appropriate instructions for transfer. Upon any such transfer, a new Warrant shall be issued to the transferee and the surrendered Warrant shall be cancelled canceled by the Warrant Agent. Warrants so cancelled canceled shall be delivered by the Warrant Agent to the Company from time to time upon request. Warrants may be exchanged at the option of the holder thereof, when surrendered at the office of the Warrant Agent, for another Warrant, or other Warrants of different denominations of like tenor and representing in the aggregate the right to purchase a like number of shares of Common Stock. No certificates for Warrants shall be issued except for (i) Warrants initially issued hereunder in accordance with Section 1 hereof, (ii) Warrants issued upon any transfer or exchange of Warrants, (iii) Warrants issued in replacement of lost, stolen, destroyed or mutilated certificates for Warrants pursuant to Section 7 hereof, and (iv) at the option of the Board of Directors of the Company, Warrants in such form as may be approved by its Board of Directors, to reflect any adjustment or change in the Warrant Price or the number of shares of Common Stock purchasable Securities issuable upon exercise of the Warrants made pursuant to Section 9 hereof.

Transfers and Exchanges. The Warrant Agent shall transfer, from time to time, any outstanding Warrants upon the books to be maintained by the Warrant Agent for that purpose, upon surrender thereof for transfer properly endorsed or accompanied by appropriate instructions for transfer. Upon any such transfer, a new Warrant shall be issued to the transferee or in accordance with such transferee's instructions and the surrendered Warrant shall be cancelled canceled by the Warrant AgentAgent and reflected in the record books of the Company. Warrants so cancelled canceled shall be delivered by the Warrant Agent to the Company from time to time upon request. Warrants may be exchanged at the option of the holder thereof, when surrendered at the office of the Warrant Agent, for another Warrant, or other Warrants of different denominations of like tenor and representing in the aggregate the right to purchase a like number of shares of Common Stock. No certificates for Warrants shall be issued except for (i) Warrants initially issued hereunder in accordance with Section 1 hereof, (ii) Warrants reflecting the partial exercise of a predecessor Warrant by the holder thereof, (iii) Warrants issued upon any transfer or exchange of Warrants, (iiiiv) Warrants issued in replacement of lost, stolen, destroyed or mutilated certificates for Warrants pursuant to Section 7 hereof, and (ivv) at the option of the Board of Directors of the Company, Warrants in such form as may be approved by its Board of Directors, to reflect any adjustment or change in the Warrant Exercise Price or the number of shares of Common Stock purchasable issuable upon exercise of the Warrants made pursuant to Section 9 hereof.

Transfers and Exchanges. The Warrant Agent shall transfer, from time to time, any outstanding Warrants upon the books to be maintained by the Warrant Agent for that purpose, upon surrender thereof for transfer properly endorsed or accompanied by appropriate instructions for transfer. Upon any such transfer, a new Warrant shall be issued to the transferee and the surrendered Warrant shall be cancelled by the Warrant Agent. Warrants so cancelled shall be delivered by the Warrant Agent to the Company from time to time upon request. Warrants may be exchanged at the option of the holder thereof, when surrendered at the office of the Warrant Agent, for another Warrant, or other Warrants of different denominations of like tenor and representing in the aggregate the right to purchase a like number of shares of Common Stock. No certificates for Warrants shall be issued except for (i) Warrants initially issued hereunder in accordance with Section 1 hereof, (ii) Warrants issued upon any transfer or exchange of Warrants, (iii) Warrants issued in replacement of lost, stolen, destroyed or mutilated certificates for Warrants pursuant to Section 7 hereof, and (iv) at the option of the Board of Directors of the Company, Warrants in such form as may be approved by its Board of Directors, to reflect any adjustment or change in the Warrant Exercise Price or the number of shares of Common Stock purchasable upon exercise of the Warrants made pursuant to Section 9 hereof. Notwithstanding any of the foregoing, the Warrant Agent and the Company shall have no obligation to cause Warrants to be transferred on the Warrant Register to any person if, in the opinion of counsel to the Company, such transfer does not comply with the provisions of the Act and the rules and regulations promulgated thereunder.

Transfers and Exchanges. The Warrant Agent shall transfer, from time to time, any outstanding Warrants upon the books to be maintained by the Warrant Agent for that purpose, upon the surrender thereof for transfer properly endorsed or accompanied by appropriate instructions for transfer. Upon any such transfer, a new Warrant of like tenor shall be issued to the transferee and the surrendered Warrant shall be cancelled canceled by the Warrant Agent. All such Warrants so cancelled canceled shall be delivered by the Warrant Agent to the Company from time to time upon requesttime. The Warrants may be exchanged at the option of the holder thereof, when surrendered at the office in __________________ of the Warrant Agent, for another Warrant, or other Warrants of different denominations denominations, of like tenor and representing in the aggregate the right to purchase a like number of shares of Common StockShares. No certificates for Warrants shall be issued except for (i) Warrants initially issued hereunder The Warrant Agent is hereby irrevocably authorized to countersign and deliver, in accordance with the provisions of this Section 1 hereofand Section 3 of this Agreement, (ii) such new Warrants issued upon any transfer or exchange of Warrants, (iii) Warrants issued in replacement of lost, stolen, destroyed or mutilated certificates for Warrants required pursuant to Section 7 hereofthe provisions of this Section, and (iv) at the option of the Board of Directors of the Company, Warrants in such form as may be approved whenever required by its Board of Directors, to reflect any adjustment or change in the Warrant Price or Agent, will supply the number Warrant Agent with Warrants duly executed on behalf of shares the Company for such purpose. [IF THE WARRANTS ARE ATTACHED TO OTHER SECURITIES, INSERT-- Notwithstanding the foregoing, until __________, the Warrants shall not be transferable apart from the __________ to which they are attached, any transfer of Common Stock purchasable upon exercise the __________ shall be deemed a transfer of the Warrants made pursuant attached thereto, and any attempt to Section 9 hereoftransfer the Warrants apart from the ___________ shall be void and of no effect. Each Warrant shall contain a legend to the foregoing effect.]

Transfers and Exchanges. The Warrant Agent shall transfer, from time to time, any outstanding Warrants upon the books to be maintained by the Warrant Agent for that purpose, upon surrender thereof for transfer properly endorsed or accompanied by appropriate instructions for transfer. Upon any such transfer, a new Warrant shall be issued to the transferee and the surrendered Warrant shall be cancelled by the Warrant Agent. Warrants so cancelled shall be delivered by the Warrant Agent to the Company from time to time upon request. Warrants may be exchanged at the option of the holder thereof, when surrendered at the office of the Warrant Agent, for another Warrant, or other Warrants of different denominations of like tenor and representing in the aggregate the right to purchase a like number of shares of Common Stock. No certificates for Warrants shall be issued except for (i) Warrants initially issued hereunder in accordance with Section 1 hereof, (ii) Warrants issued upon any transfer or exchange of Warrants, (iii) Warrants issued in replacement of lost, stolen, destroyed or mutilated certificates for Warrants pursuant to Section 7 hereof, and (iv) at the option of the Board of Directors of the Company, Warrants in such form as may be approved by its Board of Directors, to reflect any adjustment or change in the Warrant Exercise Price or the number of shares of Common Stock purchasable upon exercise of the Warrants made pursuant to Section 9 hereof. Notwithstanding any of the foregoing, the Warrant Agent and the Company shall have no obligation to cause Warrants to be transferred on the Warrant Register to any person if, in the opinion of counsel to the Company, such transfer does not comply with the provisions of the Securities Act and the rules and regulations promulgated thereunder.