Common use of Exercise and Payment Clause in Contracts

Exercise and Payment. (a) Subject to the provisions of this Warrant Agreement, a Holder (or a Participant acting on behalf of a Holder in accordance with DTC procedures) may exercise Warrants by delivering to the Warrant Agent, not later than 5:00 P.M., New York City time, on any business day during the Exercise Period (i) the Warrants to be exercised by (A) surrender of the Warrant Certificate evidencing the Warrants to the Warrant Agent at its office designated for such purpose or (B) delivery of the Warrants to an account of the Warrant Agent at DTC designated for such purpose in writing by the Warrant Agent to DTC from time to time, (ii) an election to purchase the Warrant ADSs underlying the Warrants to be exercised (A) in the form included in Annex B to this Warrant Agreement or (B) via an electronic warrant exercise through the DTC system (each, an “Election to Purchase”) and (iii) the Deposit Amount for each Warrant to be exercised (and, if applicable, any taxes or charges due in connection with the exercise of such Warrants), in lawful money of the United States of America by (A) certified or official bank check payable to The Bank of New York Mellon, (B) bank wire transfer in immediately available funds to The Bank of New York Mellon, 500 Xxxx Xxxxxx, Pittsburgh, PA 15262-00001, ABA #: 000-000-000, Account Number: 1000000, Account Name: Computershare Inc. AAF Client Corporate Actions, Ref: Cellect Biotechnology Warrants, Swift Code MXXXXX0X or (C) payment to the Warrant Agent through the DTC system.

Exercise and Payment. (a) Subject to the provisions of this Warrant Agreement, a Holder (or a Participant acting on behalf of a Holder in accordance with DTC procedures) may exercise Warrants by delivering to the Warrant Agent, (i) not later than 5:00 P.M., New York City time, on any business day during the Exercise Period (isuch date, the “Date of Exercise”), an election to purchase the Warrant Shares underlying the Warrants to be exercised (A) in the form included in Annex B to this Warrant Agreement or (B) via an electronic warrant exercise through the DTC system (each, an “Election to Purchase”) (ii) within one (1) business day the Date of Exercise, Warrants to be exercised by (A) surrender of the Warrant Certificate evidencing the Warrants to the Warrant Agent at its office designated for such purpose or (B) delivery of the Warrants to an account of the Warrant Agent at DTC designated for such purpose in writing by the Warrant Agent to DTC from time to time, (ii) an election to purchase the Warrant ADSs underlying the Warrants to be exercised (A) in the form included in Annex B to this Warrant Agreement or (B) via an electronic warrant exercise through the DTC system (each, an “Election to Purchase”) and (iii) within one (1) business day of the Date of Exercise, the Deposit Amount for each Warrant to be exercised (and, if applicable, any taxes or charges due in connection with the exercise of such Warrants), in lawful money of the United States of America by (A) certified or official bank check payable to The Bank of New York Mellonthe Company, (B) bank wire transfer in immediately available funds to The to: Account Name: Aytu BioScience, Inc. Bank of New York MellonName: Wxxxx Fargo Bank, 500 Xxxx Xxxxxx, Pittsburgh, PA 15262-00001, ABA #N.A. Bank Address: 000-000-000, 420 Mont Wire Routing Number (ABA): 100000000 Account Number: 1000000, Account Name: Computershare Inc. AAF Client Corporate Actions, Ref: Cellect Biotechnology Warrants, Swift Code MXXXXX0X or (C) payment to the Warrant Agent through the DTC system.2011722572

Exercise and Payment. (a) Subject to the provisions of this Warrant Agreement, a Holder (or a Participant acting on behalf of a Holder in accordance with DTC procedures) may exercise Warrants by delivering to the Warrant Agent, (i) not later than 5:00 P.M., New York City time, on any business day during the Exercise Period (isuch date, the “Date of Exercise”), an election to purchase the Warrant Shares underlying the Warrants to be exercised (A) in the form included in Annex B to this Warrant Agreement or (B) via an electronic warrant exercise through the DTC system (each, an “Election to Purchase”) (ii) within one (1) business day the Date of Exercise, Warrants to be exercised by (A) surrender of the Warrant Certificate evidencing the Warrants to the Warrant Agent at its office designated for such purpose or (B) delivery of the Warrants to an account of the Warrant Agent at DTC designated for such purpose in writing by the Warrant Agent to DTC from time to time, (ii) an election to purchase the Warrant ADSs underlying the Warrants to be exercised (A) in the form included in Annex B to this Warrant Agreement or (B) via an electronic warrant exercise through the DTC system (each, an “Election to Purchase”) and (( iii) within one (1) business day of the Date of Exercise, the Deposit Amount for each Warrant to be exercised (and, if applicable, any taxes or charges due in connection with the exercise of such Warrants), in lawful money of the United States of America by (A) certified or official bank check payable to The Bank of New York Mellon, ___________[Company or Pacific Stock Transfer] (B) bank wire transfer in immediately available funds to The Bank of New York Mellon, 500 Xxxx Xxxxxx, Pittsburgh, PA 15262-00001, ABA #to: 000-000-000, Account Number: 1000000, Account Name: Computershare Inc. AAF Client Corporate Actions, Ref: Cellect Biotechnology Warrants, Swift Code MXXXXX0X [Company or (C) payment to the Warrant Agent through the DTC system.Pacific Stock Transfer] ___________________ ___________________ ___________________ ___________________

Exercise and Payment. (a) Subject to the provisions of this Warrant Agreement, a Holder (or a Participant acting on behalf of a Holder in accordance with DTC procedures) may exercise Warrants by delivering to the Warrant Agent, not later than 5:00 P.M.p.m., New York City time, time on any business day during the Exercise Period (i) the Warrants to be exercised by (A) surrender of the Warrant Certificate evidencing the Warrants to the Warrant Agent at its office designated for such purpose or (B) delivery of the Warrants to an account of the Warrant Agent at DTC designated for such purpose in writing by the Warrant Agent to DTC from time to time, (ii) an election to purchase the Warrant ADSs Shares underlying the Warrants to be exercised (A) in the form included in Annex Exhibit B to this Warrant Agreement or (B) via an electronic warrant exercise through the DTC system (each, an “Election to Purchase”) and (iii) the Deposit Amount Exercise Price per share for each Warrant to be exercised (and, if applicable, any taxes or charges due in connection with the exercise of such Warrants), in lawful money of the United States of America by (A) certified or official bank check payable to The Bank of New York Mellon[__________], (B) bank wire transfer in immediately available funds to The Bank of New York Mellon, 500 Xxxx Xxxxxx, Pittsburgh, PA 15262-00001, ABA #: 000-000-000, Account Number: 1000000, Account Name: Computershare Inc. AAF Client Corporate Actions, Ref: Cellect Biotechnology Warrants, Swift Code MXXXXX0X [__________] or (C) payment to the Warrant Agent through the DTC system.

Exercise and Payment. (a) Subject to the provisions of this Warrant Agreement, a Holder (or a Participant acting on behalf of a Holder in accordance with DTC procedures) may exercise Warrants by delivering to the Warrant Agent, not later than 5:00 P.M., New York City time, on any business day during the Exercise Period (i) the Warrants to be exercised by (A) surrender of the Warrant Certificate evidencing the Warrants to the Warrant Agent at its office designated for such purpose or (B) delivery of the Warrants to an account of the Warrant Agent at DTC designated for such purpose in writing by the Warrant Agent to DTC from time to time, (ii) an election to purchase the Warrant ADSs Shares underlying the Warrants to be exercised (A) in the form included in Annex B to this Warrant Agreement or (B) via an electronic warrant exercise through the DTC system (each, an “Election to Purchase”) and (iii) the Deposit Amount Exercise Price for each Warrant to be exercised (and, if applicable, any taxes or charges due in connection with the exercise of such Warrants), in lawful money of the United States of America by (A) certified or official bank check payable to The Bank of New York Mellonthe Company, (B) bank wire transfer in immediately available funds to The Bank of New York Mellon, 500 Xxxx Xxxxxx, Pittsburgh, PA 15262-00001, the Company ABA #: 000-000-000_________, Account Number: 1000000_______, Account Name: Computershare Inc. AAF Client Corporate Actions, Ref: Cellect Biotechnology Warrants, Swift Code MXXXXX0X or (C) payment to the Warrant Agent through the DTC system____________.

Exercise and Payment. (a) Subject to the provisions of this Warrant Agreement, a Holder (or a Participant acting on behalf of a Holder in accordance with DTC procedures) may exercise Warrants by delivering to the Warrant Agent, not later than 5:00 P.M., New York City time, on any business day during the Exercise Period (i) the Warrants to be exercised by (A) surrender of the Warrant Certificate evidencing the Warrants to the Warrant Agent at its office designated for such purpose or (B) delivery of the Warrants to an account of the Warrant Agent at DTC designated for such purpose in writing by the Warrant Agent to DTC from time to time, (ii) an election to purchase the Warrant ADSs underlying the Warrants to be exercised (A) in the form included in Annex B to this Warrant Agreement or (B) via an electronic warrant exercise through the DTC system (each, an “Election to Purchase”) and (iii) the Deposit Amount for each Warrant to be exercised (and, if applicable, any taxes or charges due in connection with the exercise of such Warrants), in lawful money of the United States of America by (A) certified or official bank check payable to The Bank of New York Mellon, (B) bank wire transfer in immediately available funds to The Bank of New York Mellon, 500 Xxxx Xxxxxx, Pittsburgh, PA 15262-00001, ABA #: 000-000-000, Account Number: 1000000, Account Name: Computershare Inc. AAF Client Corporate Actions, Ref: Cellect Biotechnology Immuron Limited Warrants, Swift Code MXXXXX0X or (C) payment to the Warrant Agent through the DTC system.

Exercise and Payment. (a) Subject to the provisions of this Warrant Agreement, a Holder (or a Participant acting on behalf of a Holder in accordance with DTC procedures) may exercise Warrants by delivering to the Warrant Agent, not later than 5:00 P.M., New York City time, on any business day during the Exercise Period (i) the Warrants to be exercised by (A) surrender of the Warrant Certificate evidencing the Warrants to the Warrant Agent at its office designated for such purpose or (B) delivery of the Warrants to an account of the Warrant Agent at DTC designated for such purpose in writing by the Warrant Agent to DTC from time to time, (ii) an election to purchase the Warrant ADSs underlying the Warrants to be exercised (A) in the form included in Annex B to this Warrant Agreement or (B) via an electronic warrant exercise through the DTC system (each, an “Election to Purchase”) and (iii) the Deposit Amount for each Warrant to be exercised (and, if applicable, any taxes or charges due in connection with the exercise of such WarrantsWarrants ), in lawful money of the United States of America by (A) certified or official bank check payable to The Bank of New York Mellon, (B) bank wire transfer in immediately available funds to The Bank of New York Mellon, 500 000 Xxxx Xxxxxx, Pittsburgh, PA 15262-00001, ABA #: 000-000-000, Account Number: 1000000_________, Account Name: Computershare Inc. AAF Client Corporate Actions, Ref: Cellect Biotechnology Therapix Biosciences Warrants, Swift Code MXXXXX0X XXXXXX0X or (C) payment to the Warrant Agent through the DTC system.

Exercise and Payment. (a) Subject to the provisions of this Warrant Agreement, a Holder (or a Participant acting on behalf of a Holder in accordance with DTC procedures) may exercise Warrants by delivering to the Warrant Agent, not later than 5:00 P.M., New York City time, on any business day during the Exercise Period (i) the Warrants to be exercised by (A) surrender of the Warrant Certificate evidencing the Warrants to the Warrant Agent at its office designated for such purpose or (B) delivery of the Warrants to an account of the Warrant Agent at DTC designated for such purpose in writing by the Warrant Agent to DTC from time to time, (ii) an election to purchase the Warrant ADSs underlying the Warrants to be exercised (A) in the form included in Annex B to this Warrant Agreement or (B) via an electronic warrant exercise through the DTC system (each, an “Election to Purchase”) and (iii) the Deposit Amount for each Warrant to be exercised (and, if applicable, any taxes or charges due in connection with the exercise of such Warrants), in lawful money of the United States of America by (A) certified or official bank check payable to The Bank of New York Mellon, (B) bank wire transfer in immediately available funds to The Bank of New York Mellon, 500 Xxxx Xxxxxx, Pittsburgh, PA 15262-00001, ABA #: 000040-000-000, Account Number: 10000001300000, Account Name: Computershare Inc. AAF Client Corporate Actions, Ref: Cellect Biotechnology Immuron Limited Warrants, Swift Code MXXXXX0X or MEXXXX0X xr (C) payment to the Warrant Agent through the DTC system.

Exercise and Payment. (a) Subject to the provisions of this Warrant Agreement, a Holder (or a Participant acting on behalf of a Holder in accordance with DTC procedures) may exercise Warrants by delivering to the Warrant Agent, not later than 5:00 P.M., New York City time, on any business day during the Exercise Period (i) the Warrants to be exercised by (A) surrender of the Warrant Certificate evidencing the Warrants to the Warrant Agent at its office designated for such purpose or (B) delivery of the Warrants to an account of the Warrant Agent at DTC designated for such purpose in writing by the Warrant Agent to DTC from time to time, (ii) an election to purchase the Warrant ADSs underlying the Warrants to be exercised (A) in the form included in Annex B to this Warrant Agreement or (B) via an electronic warrant exercise through the DTC system (each, an “Election to Purchase”) and (iii) the Deposit Amount for each Warrant to be exercised (and, if applicable, any taxes or charges due in connection with the exercise of such Warrants), in lawful money of the United States of America by (A) certified or official bank check payable to The Bank of New York Mellon, (B) bank wire transfer in immediately available funds to The Bank of New York Mellon, 500 Xxxx Xxxxxx, Pittsburgh, PA 15262-00001, ABA #: 000-000-000, Account Number: 1000000, Account Name: Computershare Inc. AAF Client Corporate Actions, Ref: Cellect Biotechnology Kitov Warrants, Swift Code MXXXXX0X or (C) payment to the Warrant Agent through the DTC system.

Exercise and Payment. (a) Subject to the provisions of this Warrant Agreement, a Holder (or a Participant acting on behalf of a Holder in accordance with DTC procedures) may exercise Warrants by (1) delivering to the Warrant Agent, not later than 5:00 P.M., New York City time, on any business day during the Exercise Period (i) the Warrants to be exercised by (A) surrender of the Warrant Certificate evidencing the Warrants to the Warrant Agent at its office designated for such purpose or (B) delivery of the Warrants to an account of the Warrant Agent at DTC designated for such purpose in writing by the Warrant Agent to DTC from time to time, and (ii) an election to purchase the Warrant ADSs Shares underlying the Warrants to be exercised (A) in the form included in Annex B to this Warrant Agreement or (B) via an electronic warrant exercise through the DTC system (each, an “Election to Purchase”) and (iii2) delivering to the Deposit Amount Company the Exercise Price for each Warrant to be exercised (and, if applicable, any taxes or charges due in connection with the exercise of such Warrants)exercised, in lawful money of the United States of America by (A) certified or official bank check payable to The Bank of New York Mellon, (B) the Company or bank wire transfer in immediately available funds to The Bank of New York Mellon, 500 Xxxx Xxxxxx, Pittsburgh, PA 15262-00001, ABA #: 000-000-000, Account Number: 1000000, Account Name: Computershare Inc. AAF Client Corporate Actions, Ref: Cellect Biotechnology Warrants, Swift Code MXXXXX0X or (C) payment to the Warrant Agent through the DTC system____________________.

Exercise and Payment. (a) Subject to the provisions of this Warrant Agreement, a Holder (or a Participant acting on behalf of a Holder in accordance with DTC procedures) may exercise Warrants by delivering to the Warrant Agent, (i) not later than 5:00 P.M., New York City time, on any business day during the Exercise Period (isuch date, the “Date of Exercise”), an election to purchase the Warrant Shares underlying the Warrants to be exercised (A) in the form included in Annex B to this Warrant Agreement or (B) via an electronic warrant exercise through the DTC system (each, an “Election to Purchase”) (ii) within one (1) business day the Date of Exercise, Warrants to be exercised by (A) surrender of the Warrant Certificate evidencing the Warrants to the Warrant Agent at its office designated for such purpose or (B) delivery of the Warrants to an account of the Warrant Agent at DTC designated for such purpose in writing by the Warrant Agent to DTC from time to time, (ii) an election to purchase the Warrant ADSs underlying the Warrants to be exercised (A) in the form included in Annex B to this Warrant Agreement or (B) via an electronic warrant exercise through the DTC system (each, an “Election to Purchase”) and (iii) within one (1) business day of the Date of Exercise, the Deposit Amount for each Warrant to be exercised (and, if applicable, any taxes or charges due in connection with the exercise of such Warrants), in lawful money of the United States of America by (A) certified or official bank check payable to The Bank of New York Mellon, ___________[Company or Issuer Direct] (B) bank wire transfer in immediately available funds to The Bank of New York Mellon, 500 Xxxx Xxxxxx, Pittsburgh, PA 15262-00001, ABA #to: 000-000-000, Account Number: 1000000, Account Name: Computershare Inc. AAF Client Corporate Actions, Ref: Cellect Biotechnology Warrants, Swift Code MXXXXX0X [Company or (C) payment to the Warrant Agent through the DTC system.Issuer Direct] ___________________ ___________________ ___________________ ___________________