Common use of Exercise of this E Warrant Clause in Contracts

Exercise of this E Warrant. (a) Upon surrender of this E Warrant with the Form of Election to Purchase attached hereto duly completed and signed to the Company, at its address set forth in Paragraph 9 hereof, and upon payment and delivery of the Exercise Price multiplied by the number of shares of the Common Stock that the Holder intends to purchase hereunder, in lawful money of the United States of America, in cash or by certified or official bank check or checks, to the Company, all as specified by the Holder in the Form of Election to Purchase, the Company shall promptly but in no event later than five business days after the Date of Exercise (as defined herein) issue or cause to be issued and delivered to or upon the written order of the Holder and in such name or names as the Holder may designate (subject to the restrictions on transfer described in the legend set forth on the face of this E Warrant), a certificate for the shares of the Common Stock issuable upon such exercise, with such restrictive legend as required by the 1933 Act. Any person so designated by the Holder to receive the shares of the Common Stock shall be deemed to have become holder of record of the Common Stock as of the Date of Exercise of this E Warrant.