Common use of EXCHANGE AND REPLACEMENT OF SECURITIES Clause in Contracts

EXCHANGE AND REPLACEMENT OF SECURITIES. Upon surrender of any Preferred Share or Common Share certificate by the Purchaser for exchange at the office of the Company, the Company, at its expense (exclusive of applicable transfer taxes or other similar taxes) will issue or cause to be issued, in exchange, a new Preferred Share or Common Share certificate in such denominations as may be requested for the same number of Preferred Shares or Common Shares, as the case may be, and registered as the Purchaser may request. Upon receipt of evidence satisfactory to the Company of the loss, theft, destruction or mutilation of any Preferred Share or Common Share certificate, upon delivery of a written agreement of indemnity reasonably satisfactory to the Company in form or amount, or, in the case of any such mutilation upon surrender and cancellation thereof, the Company, at its expense, will issue or cause to be issued a new Preferred Share or Common Share certificate in replacement of such lost, stolen, destroyed or mutilated Preferred Share or Common Share certificate.