Common use of Assignment or Loss of Warrant Clause in Contracts

Assignment or Loss of Warrant. (a) Upon surrender of this Warrant to Catalyst accompanied with a duly executed copy of the Assignment Form attached hereto as Annex-II and funds sufficient to pay any transfer tax, Catalyst shall, without charge, execute and deliver a new warrant or warrants in the name of any assignee or assignees named in such instrument of assignment and, if Holder’s entire interest is not being assigned, in the name of Holder, and this Warrant shall promptly be canceled. Any attempted transfer of this Warrant, the Warrant Shares or any new warrant not in accordance with this Section 3 shall be null and void and Catalyst shall not in any way be required to give effect to such transfer. Catalyst may deem and treat the registered holder of any warrant, including this Warrant, as the absolute owner thereof for all purposes and Catalyst shall not be affected by any notice to the contrary. (b) Upon receipt by Catalyst of evidence reasonably satisfactory to it of the loss, theft, destruction or mutilation of this Warrant and, in the case of loss, theft or destruction, of indemnification satisfactory to Catalyst, and upon surrender and cancellation of this Warrant, if mutilated, Catalyst will execute and deliver a new warrant of like tenor and date.

Appears in 1 contract

Samples: Warrant Agreement (Catalyst International Inc)

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