Common use of Assignment or Loss of Warrant Clause in Contracts

Assignment or Loss of Warrant. (a) The Holder of this Warrant shall be entitled, without obtaining the consent of the Corporation, to assign its interest in this Warrant, or any of the Warrant Shares, in whole or in part to any person, provided, however, that the transferee, prior to any such transfer, provides the Corporation with a legal opinion, in form and substance satisfactory to the Company, that such transfer will not violate the Act or any applicable state securities or blue sky laws. Otherwise without obtaining the prior written consent of the Company, Holder shall not transfer or assign its interest in this Warrant, or any of the Warrant Shares prior to exercise, in whole or in part to any transferee. (b) Upon receipt of evidence satisfactory to the Company of the loss, theft, destruction or mutilation of this Warrant, and (in the case of loss, theft or destruction) of indemnification satisfactory to the Company, and upon surrender and cancellation of this Warrant, if mutilated, the Company shall execute and deliver a new Warrant of like tenor and date.