Common use of Exchange, Assignment or Loss of Warrant Clause in Contracts

Exchange, Assignment or Loss of Warrant. (a) This Warrant may not be sold, transferred, assigned, or hypothecated except in accordance with Section 3 and except in compliance with Federal and state securities laws. Any permitted transfer shall be made by surrender of this Warrant to the Company, together with a duly executed assignment (in the form of the assignment attached to this Warrant) and funds sufficient to pay any transfer tax, whereupon the Company shall, without charge, execute and deliver a new Warrant or Warrants in the name(s) of the assignee(s) named in such instrument of assignment, and this Warrant shall be canceled. Any transferee of this Warrant, by its acceptance thereof, agrees to be bound by the terms of this Warrant, with the same force and effect as if a signatory thereto. (b) The Company will execute and deliver a new Warrant of like tenor and date upon receipt by the Company of evidence satisfactory to it of the loss, theft, destruction, or mutilation of this Warrant, and (i) in the case of loss, theft, or destruction, upon receipt by the Company of indemnity satisfactory to the Company, or (ii) in the case of mutilation, upon presentation, surrender, and cancellation of this Warrant.

Exchange, Assignment or Loss of Warrant. (a) This Warrant is not --------------------------------------------- assignable or transferable except that it may not be sold(i) transferred to any affiliate of the Holder, transferredin whole or in part, assigned, or hypothecated except in accordance with Section 3 and except in compliance with Federal and state securities laws(ii) transferred by operation of law. Any permitted transfer such assignment shall be made by surrender of this Warrant to the CompanyCompany or at the office of its stock transfer agent, together if any, with a the Assignment Form annexed hereto duly executed assignment (in the form of the assignment attached to this Warrant) and funds sufficient to pay any transfer tax, ; whereupon the Company shall, without charge, execute and deliver a new Warrant or Warrants in the name(s) name of the assignee(s) assignee named in such instrument of assignmentassignment with respect to the portion hereof of which has been assigned and a new Warrant in the name of the Holder with respect to the portion hereof (if any) which has not been assigned, and this Warrant shall promptly be canceledcancelled. Any transferee of this Warrant, by its acceptance thereof, agrees to be bound by the terms of this Warrant, with the same force and effect as if a signatory thereto. (b) The Company will execute and deliver a new Warrant of like tenor and date upon Upon receipt by the Company of evidence satisfactory to it of the loss, theft, destruction, or mutilation of this Warrant, and (i) in the case of loss, theft, or destruction) of reasonably satisfactory indemnification, and upon receipt by the Company of indemnity satisfactory to the Company, or (ii) in the case of mutilation, upon presentation, surrender, surrender and cancellation of this Warrant, if mutilated, the Company will execute and deliver a new Warrant of like tender and date.