Common use of Exchange of a Definitive Warrant for a Beneficial Interest in a Global Warrant Clause in Contracts

Exchange of a Definitive Warrant for a Beneficial Interest in a Global Warrant. Upon receipt by the Warrant Agent of a Definitive Warrant that is not a restricted Warrant, duly endorsed or accompanied by appropriate instruments of transfer, in the form required by this Warrant Agent Agreement or satisfactory to the Warrant Agent, together with, written instructions directing the Warrant Agent to make, or to direct the Depositary to make, an endorsement on the Global Warrant Certificate to reflect an increase in the number of Warrants represented by the Global Warrant Certificate, then the Warrant Agent will cancel such Definitive Warrant and cause, or direct the Depositary to cause, in accordance with the standing instructions and procedures existing between the Depositary and the Warrant Agent, the number of Warrants represented by the Global Warrant Certificate to be increased accordingly. If no Global Warrant Certificate is then outstanding, the Company will issue and the Warrant Agent will countersign a new Global Warrant Certificate representing the appropriate number of Warrants.