Common use of Warrant Register; Transfer or Exchange of Warrant Certificates Clause in Contracts

Warrant Register; Transfer or Exchange of Warrant Certificates. The Warrant Agent shall keep at its principal office a register (the "Warrant Register") in which, under the reasonable regulations as the Company may prescribe, provisions shall be made for the registration of transfers and exchanges of Certificates. Upon surrender for transfer or exchange of any Certificates, properly endorsed, to the Warrant Agent, the Warrant Agent at the Company's expense will issue and deliver to or upon the order of the holder a new Certificate or Certificates of like tenor, in the name of the holder or as the holder (upon payment by the holder of any applicable transfer taxes) may direct, calling in the aggregate on the face or faces of the Certificate for the number of shares of Common Stock called for on the face of the Certificate so surrendered. Any Certificate surrendered for transfer or exchange shall be cancelled by the Warrant Agent and shall be delivered to the Company.