Common use of Exchange and Replacement of Underwriter's Warrant Certificates Clause in Contracts

Exchange and Replacement of Underwriter's Warrant Certificates. Each Underwriter's Warrant Certificate is exchangeable without expense, upon the surrender thereof by the registered Holder at the principal executive office of the Company, for a new Underwriter's Warrant Certificate of like tenor and date representing in the aggregate the right to purchase the same number of Shares as provided in the original Underwriter's Warrants in such denominations as shall be designated by the Holder thereof at the time of such surrender. Upon receipt by the Company of evidence reasonably satisfactory to it of the loss, theft, destruction or mutilation of any Underwriter's Warrant Certificate, and, in case of loss, theft or destruction, of indemnity or security reasonably satisfactory to it, and reimbursement to the Company of all reasonable expenses incidental thereto, and upon surrender and cancellation of the Underwriter's Warrants, if mutilated, the Company will make and deliver a new Underwriter's Warrant Certificate of like tenor, in lieu thereof.

Exchange and Replacement of Underwriter's Warrant Certificates. Each Underwriter's Underwriters Warrant Certificate is exchangeable without expense, upon the surrender thereof by the registered Holder at the principal executive office of the Company, for a new Underwriter's Underwriters Warrant Certificate of like tenor and date representing in the aggregate the right to purchase the same number of Shares Underwriters Units as provided in the original Underwriter's Underwriters Warrants in such denominations as shall be designated by the Holder thereof at the time of such surrender. Upon receipt by the Company of evidence reasonably satisfactory to it of the loss, theft, destruction or mutilation of any Underwriter's Underwriters Warrant Certificate, and, in case of loss, theft or destruction, of indemnity or security reasonably satisfactory to it, and reimbursement to the Company of all reasonable expenses incidental thereto, and upon surrender and cancellation of the Underwriter's Underwriters Warrants, if mutilated, the Company will make and deliver a new Underwriter's Underwriters Warrant Certificate of like tenor, in lieu thereof. Applicants for such replacement certificates agree to comply with such other reasonable requirements of the Company and to pay such other reasonable charges as the Company may prescribe.