Common use of Duration and Exercise of Warrants Clause in Contracts

Duration and Exercise of Warrants. (a) This Warrant (or the applicable portion thereof if the Holder converts less than all of such Holder's shares of Series B Preferred Stock) shall be exercisable by the registered Holder on any business day before 5:00 P.M., Minneapolis, Minnesota time, at any time and from time to time on or after the date the Holder converts all (or a portion, as applicable) of such Holder's Series B Preferred Stock issued in connection with this Warrant, to and including the Expiration Date. At 5:00 P.M., Minneapolis, Minnesota time on the Expiration Date, the portion of this Warrant not exercised prior thereto shall be and become void and of no value. Except as set forth in Section 13 hereof, this Warrant may not be redeemed by the Company. (b) Subject to provisions elsewhere contained in this Warrant, upon surrender of this Warrant, with the Form of Election to Purchase attached hereto duly completed and signed, to the Company at its address for notice as set forth in Section 11 hereof, and upon payment of the Exercise Price multiplied by the number of Warrant Shares that the Holder intends to purchase hereunder, in lawful money of the United States of America, in cash or by certified or official bank check or checks, all as specified by the Holder in the Form of Election to Purchase, the Company shall promptly (but in no event later than five business days after the Date of Exercise (as defined herein)) issue or cause to be issued and cause to be delivered to the Holder and in such name or names as the Holder may designate, a certificate for the Warrant Shares issuable upon such exercise. Any person so designated by the Holder to receive Warrant Shares shall be deemed to have become holder of record of such Warrant Shares as of the Date of Exercise of this Warrant.

Duration and Exercise of Warrants. (a) This Warrant (or the applicable portion thereof if the Holder converts less than all of such Holder's shares of Series B Preferred Stock) shall be exercisable by the registered Holder on any business day before 5:00 P.M., Minneapolis, Minnesota time, at any time and from time to time on or after the date the Holder converts all (or a portion, as applicable) of such Holder's Series B Preferred Stock issued in connection with this Warrant, hereof to and including the Expiration Date. At 5:00 P.M., Minneapolis, Minnesota time on the Expiration Date, the portion of this Warrant not exercised prior thereto shall be and become void and of no value. Except as set forth in Section 13 hereof, this Warrant may not be redeemed by the Company. (b) Subject to provisions elsewhere contained in this Warrant, upon surrender of this Warrant, with the Form of Election to Purchase attached hereto duly completed and signed, to the Company at its address for notice as set forth in Section 11 hereof, and upon payment of the Exercise Price multiplied by the number of Warrant Shares that the Holder intends to purchase hereunder, in lawful money of the United States of America, in cash or by certified or official bank check or checks, all as specified by the Holder in the Form of Election to Purchase, the Company shall promptly (but in no event later than five two business days after the Date of Exercise (as defined herein)) issue or cause to be issued and cause to be delivered to the Holder and in such name or names as the Holder may designate, a certificate for the Warrant Shares issuable upon such exercise. Any person so designated by the Holder to receive Warrant Shares shall be deemed to have become holder of record of such Warrant Shares as of the Date of Exercise of this Warrant.

Duration and Exercise of Warrants. (a) This Warrant (or the applicable portion thereof if the Holder converts less than all of such Holder's shares of Series B Preferred Stock) shall be exercisable by the registered Holder on any business day before 5:00 5:30 P.M., Minneapolis, Minnesota New York time, at any time and from time to time on or after the date the Holder converts all (or a portion, as applicable) of such Holder's Series B Preferred Stock issued in connection with this Warrant, hereof to and including the Expiration Date. At 5:00 5:30 P.M., Minneapolis, Minnesota New York time on the Expiration Date, the portion of this Warrant not exercised prior thereto shall be and become void and of no value. Except as set forth in Section 13 hereof, this Warrant may not be redeemed by the Company. (b) Subject to provisions elsewhere contained in this WarrantSections 2(b), 4 and 9, upon surrender of this Warrant, with the Form of Election to Purchase attached hereto duly completed and signed, to the Company at its office at 152 Xxxx 00xx Xxxxxx, Xxx Xxxx, XX 00000 Xxxention: Chief Executive Officer, or at such other address for notice as set forth the Company may specify in Section 11 hereofwriting to the then registered Holder, and upon payment of the Exercise Price multiplied by the number of Warrant Shares that the Holder intends to purchase hereunder, in lawful money of the United States of America, in cash or by certified or official bank check or checks, all as specified by the Holder in the Form of Election to Purchase, the Company shall promptly (but in no event later than five 3 business days after the Date date of Exercise (as defined herein)exercise) issue or cause to be issued and cause to be delivered to or upon the written order of the Holder and in such name or names as the Holder may designate, a certificate for the Warrant Shares issuable upon such exercise, free of restrictive legends other than as required by applicable law. Any person so designated by the Holder to receive Warrant Shares shall be deemed to have become holder of record of such Warrant Shares as of the Date of Exercise of this Warrant.

Duration and Exercise of Warrants. (a) This Warrant (or the applicable portion thereof if the Holder converts less than all of such Holder's shares of Series B Preferred Stock) shall be exercisable by the registered Holder on any business day before 5:00 6:30 P.M., Minneapolis, Minnesota New York City time, at any time and from time to time on or after the date the Holder converts all (or a portion, as applicable) of such Holder's Series B Preferred Stock issued in connection with this Warrant, hereof to and including the Expiration Date. At 5:00 6:30 P.M., Minneapolis, Minnesota New York City time on the Expiration Date, the portion of this Warrant not exercised prior thereto shall be and become void and of no value. Except as set forth in Section 13 hereofPrior to the Expiration Date, the Company may not call or otherwise redeem this Warrant may not be redeemed by without the Companyprior written consent of the Holder. (b) Subject to provisions elsewhere contained in this WarrantSections 2(b), 6 and 10, upon surrender of this Warrant, with the Form of Election to Purchase attached hereto duly completed and signed, to the Company at its address for notice as set forth in Section 11 hereof, 12 and upon payment of the Exercise Price multiplied by the number of Warrant Shares that the Holder intends to purchase hereunder, in lawful money of the United States of America, in cash or by certified or official bank check or checksmanner provided hereunder, all as specified by the Holder in the Form of Election to Purchase, the Company shall promptly (but in no event later than five 3 business days after the Date of Exercise (as defined herein)) issue or cause to be issued and cause to be delivered to or upon the written order of the Holder and in such name or names as the Holder may designate, a certificate for the Warrant Shares issuable upon such exercise, free of restrictive legends except as required by applicable federal securities laws. Any person so designated by the Holder to receive Warrant Shares shall be deemed to have become holder of record of such Warrant Shares as of the Date of Exercise of this Warrant.