Common use of Exchange and Replacement of Warrant Certificates Clause in Contracts

Exchange and Replacement of Warrant Certificates. In the event of loss, theft or destruction of a Warrant Certificate, the Company will make and deliver a new Warrant Certificate of like tenor, in lieu of such Warrant Certificate, upon receipt by the Company of evidence reasonably satisfactory to it of such loss, theft, or destruction and indemnity or security reasonably satisfactory to it, and reimbursement to the Company of all reasonable expense incidental thereto. In the case of mutilation of a Warrant Certificate and upon surrender and cancellation of such Warrant Certificate, the Company will make and deliver a new Warrant Certificate of like tenor, in lieu of such Warrant Certificate.