Common use of Issuance of Certificates Clause in Contracts

Issuance of Certificates. Upon the exercise of the Warrants, certificates for shares of Common Stock or other securities, properties or rights underlying such Warrants, shall be issued forthwith (and in any event such issuance shall be made within five business days) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section 5 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDED, HOWEVER, that the Company shall not be required to pay any tax which may be payable in respect to any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock (and/or other securities, property or rights issuable upon exercise of the Warrants) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the Warrants, the issuance of certificates for shares of Common Stock or and/or other securities, properties or rights underlying such Warrants, shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Holder, and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock Shares underlying the Warrants (and/or other securities, property or rights issuable upon the exercise of the Warrants) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the Warrants and/or the Underlying Warrants, the issuance of certificates for the shares of Common Stock or and/or other securities, properties or rights underlying such Warrants, securities shall be issued made forthwith (and in any event such issuance shall be made within five three (3) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock (and/or other securities, property or rights issuable upon exercise of the Warrants) securities shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the Warrants, the issuance of certificates for shares of Common Stock or and/or other securities, properties or rights underlying such Warrants, shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section SECTIONS 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Holder, and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock Shares underlying the Warrants (and/or other securities, property or rights issuable upon the exercise of the Warrants) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the WarrantsRepresentative's Warrant and payment of the Purchase Price therefor, the issuance of certificates for shares of Common Stock representing the Representative's Securities or other securities, properties or rights underlying such WarrantsRepresentative's Warrant, shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without further charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Holder, and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Representative's Warrant Certificates and the certificates representing the shares of Common Stock (and/or Representative's Securities or other securities, property or rights issuable upon exercise of the Warrants(if such property or rights are represented by certificates) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereonCompany, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary or Treasurer or Assistant Treasurer of the Company. The Representative's Warrant Certificates shall be dated the date of execution issuance thereof by the Company upon initial issuance, division, transfer or exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the Warrants, the ------------------------ issuance of certificates for shares of Common Stock or and/or other securities, properties or rights underlying such Warrants, Warrants shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section 5 Sections 6 and 8 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock Shares (and/or other securities, property or rights issuable upon the exercise of the Warrants) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the Warrants, the issuance of certificates for shares of Common Stock and Redeemable Warrants or other securities, properties or rights underlying such Warrants, and upon the exercise of the Redeemable Warrants, the issuance of certificates for shares of Common Stock or other securities, properties or rights underlying such Warrants, Redeemable Warrants shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDED, HOWEVER, that the Company shall not be required to pay any tax which may be payable in respect to any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock (and/or and the Redeemable Warrants underlying the Warrants and the shares of Common Stock underlying each Redeemable Warrant or other securities, property or rights issuable upon exercise of the Warrants) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary or Treasurer or Assistant Treasurer of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the WarrantsUnderwriter's Warrant and payment of the Purchase Price therefor, the issuance of certificates for shares of Common Stock representing the Underwriter's Securities or other securities, properties or rights underlying such WarrantsUnderwriter's Warrant, shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without further charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Holder, and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Underwriter's Warrant Certificates and the certificates representing the shares of Common Stock (and/or Underwriter's Securities or other securities, property or rights issuable upon exercise of the Warrants(if such property or rights are represented by certificates) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereonCompany, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary or Treasurer or Assistant Treasurer of the Company. The Underwriter's Warrant Certificates shall be dated the date of execution issuance thereof by the Company upon initial issuance, division, transfer or exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the Warrants, the issuance of certificates for the total number of whole shares of Common Stock or other securities, properties or rights underlying for which such Warrants, Warrants were exercised shall be issued forthwith made promptly (and in any event such issuance shall be made within five business daysdays thereafter) without charge to the Holder thereof including, without limitation, any stock transfer or similar tax which may be payable in with respect of to the issuance thereof, and such certificates shall (subject to the provisions of Section 5 Sections 6 and 8 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in with respect to any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Holder, and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock (and/or other securities, property or rights issuable upon exercise of Shares underlying the Warrants) Warrants shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to thereon and by the manual or facsimile signature of the then present Secretary Treasurer or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer. Certificates representing the shares of Common Stock issuable upon exercise of the Warrants shall be dated the date on which the Company receives the Election to Purchase, Warrant Certificate and payment of the Exercise Price.

Issuance of Certificates. Upon the exercise of the Underwriter's Warrants, the issuance of certificates for shares of Common Stock the Shares or other securities, properties or rights underlying such Underwriter's Warrants, shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Underwriter and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Underwriter's Warrant Certificates and the certificates representing the shares of Common Stock (and/or other securities, property or rights Shares issuable upon exercise of the Warrants) Underwriter's Warrants shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. The Underwriter's Warrant Certificates shall be dated the date of the execution by the Company upon initial issuance, division, exchange, substitution or transfer. The certificates representing the Shares issuable upon exercise of the Underwriter's Warrant shall be identical in form to those issued in connection with the Public Offering.

Issuance of Certificates. Upon the exercise of the WarrantsUnderwriter's Warrants and payment of the Purchase Price therefor, the issuance of certificates for representing the shares of Common Stock or other securities, properties or rights underlying such WarrantsWarrants issuable upon exercise thereof, shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without further charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Holder, and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Underwriter's Warrant Certificates and the certificates representing the shares of Common Stock or Warrants (and/or and such other securities, property or rights as may be represented by certificates) issuable upon exercise of the Warrants) thereof shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or Directors, Chief Executive Officer, President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary or Treasurer or Assistant Treasurer of the Company. Underwriter's Warrant Certificates shall be dated the date of execution issuance thereof by the Company upon initial issuance, division, transfer or exchange, substitution or transferin lieu of mutilated, lost, stolen or destroyed Underwriter's Warrant Certificates.

Issuance of Certificates. Upon the exercise of the Warrants, the issuance of certificates for shares of Common Stock or other securities, properties or rights underlying such Warrants, shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock (and/or other securities, property or rights issuable upon exercise of the Warrants) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the Warrants, the issuance of certificates for shares of Class A Common Stock or other securities, properties or rights underlying such Warrants, shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section SECTIONS 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Holder, and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Class A Common Stock (and/or other securities, property or rights issuable upon exercise of the Warrants) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer. Certificates representing the shares of Class A Common Stock shall be dated as of the Notice Date (regardless of when executed or delivered) and dividend bearing securities so issued shall accrue dividends from the Notice Date.

Issuance of Certificates. Upon the exercise of the Warrants, the issuance of certificates for shares of Common Stock or other securities, properties or rights underlying such Warrants, Warrants shall be issued made forthwith (and in any event such issuance shall be made within five business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock (and/or other securities, property or rights issuable upon exercise of the Warrants) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors Directors, Chief Executive Officer or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the WarrantsUnderwriters' Warrant and payment of the Purchase Price therefor, the issuance of certificates for shares of Common Stock representing the Underwriters' Securities or other securities, properties or rights underlying such WarrantsUnderwriters' Warrant, shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without further charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Holder, and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Underwriters' Warrant Certificates and the certificates representing the shares of Common Stock (and/or Underwriters' Securities or other securities, property or rights issuable upon exercise of the Warrants(if such property or rights are represented by certificates) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereonCompany, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary or Treasurer or Assistant Treasurer of the Company. The Underwriters' Warrant Certificates shall be dated the date of execution issuance thereof by the Company upon initial issuance, division, transfer or exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the WarrantsRepresentative's Warrant, the issuance of certificates for shares of Common Stock or other securities, properties or rights underlying such Warrants, Representative's Warrant shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section 5 Sections 7 and 9 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Representative's Warrant Certificates and the certificates representing the shares of Common Stock (and/or other securities, property or rights issuable issued upon exercise of the Warrants) Representative's Warrant shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or any Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or any Assistant Secretary of the Company. Representative's Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. i) Upon the exercise of the WarrantsWarrant, the issuance of certificates for shares of Common Stock or other securities, properties or rights underlying such Warrants, shall be issued made forthwith (and in any event such issuance shall be made within five fifteen (15) business daysdays thereafter) without charge to the Holder Purchaser thereof including, without limitation, limitations any tax which may be payable in respect of the issuance thereof, thereof and such certificates shall (subject to the provisions of Section 5 hereof) be issued in the name of, or in such names as may be directed by, the Holder Purchaser thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Purchaser and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Company shall not be required to issue certificates representing fractions of shares of Common Stock upon the exercise of the Warrants, nor shall it be required to issue scrip or pay cash in lieu of fractional interests, it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest whole number of shares of Common Stock. ii) The Warrant Certificates and the certificates representing the shares of Common Stock (and/or other securities, property or rights issuable upon exercise of the Warrants) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Issuer. iii) Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the Representative's Warrants or the Underlying Warrants, the issuance of certificates for the shares of Common Stock or other securities, properties or rights underlying such Warrantsas applicable, shall be issued made forthwith (and in any event such issuance shall be made within five three business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Articles 5 hereofand 7) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock (and/or or other securities, property or rights issuable upon exercise of the Warrants) as applicable, shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President Chairman or Vice President Chairman of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the Warrants, the issuance of certificates for shares of Common Stock or and/or other securities, properties or rights underlying such Warrants, shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without charge to the Holder Holders thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder Holders thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Holders, and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock Shares underlying the Warrants (and/or other securities, property or rights issuable upon the exercise of the Warrants) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the Warrants, the issuance of certificates for shares of Class B Common Stock or other securities, properties or rights underlying such Warrants, shall be issued forthwith made promptly (and in any event such issuance shall be made within five (5) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any stock transfer or similar tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Holder, and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Class B Common Stock (and/or other securities, property or rights issuable issued upon exercise of the Warrants) thereof shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereonCompany, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer. Certificates representing the shares of Class B Common Stock shall be dated as of the Notice Date (regardless of when executed or delivered).

Issuance of Certificates. Upon the exercise of the Warrants, certificates for shares of Common Stock or other securities, properties or rights underlying such Warrants, shall be issued forthwith (and in any event such issuance shall be made within five business days) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section 5 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVER, however that the Company shall not be required to pay any tax which may be payable in respect to any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock (and/or other securities, property or rights issuable upon exercise of the Warrants) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. (a) Upon the exercise of the Warrants, Warrant the issuance of certificates for shares of Common Stock or other securities, properties or rights underlying such Warrants, shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without charge to the Holder thereof including, without limitation, limitations any tax which may be payable in respect of the issuance thereof, thereof and such certificates shall (subject to the provisions of Section 5 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company Issuer shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company Issuer shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company Issuer the amount of such tax or it shall be have established to the satisfaction of the Company Issuer that such tax has been paid. . (b) The Warrant Certificates and the certificates representing the shares of Common Stock (and/or other securities, property or rights issuable upon exercise of the Warrants) shall be executed on behalf of the Company Issuer by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company Issuer under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Issuer. (c) Warrant Certificates shall be dated the date of execution by the Company Issuer upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the WarrantsUnderwriter's Warrants and payment of the Purchase Price therefor, the issuance of certificates for representing the shares of Common Stock or other securities, properties or rights underlying such Warrants, and Warrants issuable upon exercise thereof shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without further charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Holder, and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Underwriter's Warrant Certificates and the certificates representing the shares of Common Stock and Warrants (and/or and such other securities, property or rights as may be represented by certificates) issuable upon exercise of the Warrants) thereof shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or Directors, Chief Executive Officer, President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary or Treasurer or Assistant Treasurer of the Company. Underwriter's Warrant Certificates shall be dated the date of execution issuance thereof by the Company upon initial issuance, division, transfer or exchange, substitution or transferin lieu of mutilated, lost, stolen or destroyed Underwriter's Warrant Certificates.

Issuance of Certificates. Upon the exercise of the Warrants, the issuance of certificates for shares of Common Stock or other securities, properties or rights underlying such Warrants, shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock (and/or other securities, property or rights issuable upon the exercise of the Warrants) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the WarrantsUnderwriter's Warrant, the issuance of certificates for shares of Common Stock or other securitiesStock, properties or rights underlying such Warrants, Underwriter's Warrant shall be issued made forthwith (and in any event such issuance shall be made within five (5) business days) without days thereafter)without charge to the Holder thereof including, without limitation, any tax tax, other than income taxes, which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section 5 Sections 7 and 9 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Underwriter's Warrant Certificates and the certificates representing the shares of Common Stock (and/or or other securities, property or rights issuable issued upon exercise of the Warrants) Underwriter's Warrant shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or any Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or any Assistant Secretary of the Company. Underwriter's Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the WarrantsRepresentatives' Warrant and payment of the Purchase Price therefor, the issuance of certificates for shares of Common Stock representing the Representatives' Securities or other securities, properties or rights underlying such WarrantsRepresentatives' Warrant, shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without further charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Holder, and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Representatives' Warrant Certificates and the certificates representing the shares of Common Stock (and/or Representatives' Securities or other securities, property or rights issuable upon exercise of the Warrants(if such property or rights are represented by certificates) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereonCompany, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary or Treasurer or Assistant Treasurer of the Company. The Representatives' Warrant Certificates shall be dated the date of execution issuance thereof by the Company upon initial issuance, division, transfer or exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the Warrants, the issuance of certificates for shares of Common Stock Shares or other securities, properties or rights underlying such Warrants, Warrants shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section 5 Sections 7 and 9 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock (and/or Shares or other securities, property or rights issuable issued upon exercise of the Warrants) Warrants shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President Chief Executive Officer of the Company under its corporate seal reproduced thereon, and attested to by the manual or facsimile signature of the then present Secretary or Assistant any assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the WarrantsWarrants and payment of the Exercise Price therefor, the issuance of certificates for shares of Common Stock or other securities, properties or rights the Warrant Shares underlying such Warrants, Warrants shall be issued made forthwith (and in any event such issuance shall be made within five three (3) business daysdays thereafter) without further charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder Holders thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Holders, and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock (and/or other securities, property or rights issuable upon exercise of the Warrants) Warrant Shares shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary or Treasurer or Assistant Treasurer of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the Warrants, the issuance of certificates for the shares of Common Stock or other securities, properties or rights underlying such Warrants, shall be issued made forthwith (and in any event such issuance shall be made within five 10 business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section SECTIONS 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof in a name other than that of the Holder shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock (and/or other securities, property or rights issuable upon exercise of the Warrants) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual dual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the Warrants, the issuance of certificates for shares of Common Stock or other securities, properties or rights underlying such Warrants, shall be issued made forthwith (and in any event such issuance shall be made within five business days) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section 5 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDED, HOWEVER, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates Certificate and the certificates representing the shares of Common Stock (and/or other securities, property or rights issuable upon exercise of the Warrants) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the Warrants, the issuance of certificates for shares of Common Stock Warrant Shares or other securities, properties or rights underlying such Warrants, shall be issued made forthwith (and in any event such issuance shall be made within five three (3) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section 5 7 hereof) be issued in the name of, or in such names as may be directed ------- by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock Warrant Shares (and/or other securities, property or rights issuable upon the exercise of the Warrants) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the Warrants, the issuance of certificates for the total number of whole shares of Common Stock or other securities, properties or rights underlying for which such Warrants, Warrants were exercised shall be issued forthwith made promptly (and in any event such issuance shall be made within five business daysdays thereafter) without charge to the Holder thereof thereof, including, without limitation, any stock transfer or similar tax which imposed by or through the Company that may be payable in with respect of to the issuance thereof, and such certificates shall (subject to the provisions of Section 5 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which that may be payable in with respect to any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Holder, and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock (and/or other securities, property or rights issuable upon exercise of Shares underlying the Warrants) Warrants shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to thereon and by the manual or facsimile signature of the then present Secretary Treasurer or Assistant Secretary of the Company. The Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer. Certificates representing the shares of Common Stock issuable upon exercise of the Warrants shall be dated the date on which the Company receives the Election to Purchase, Warrant Certificate and payment of the Exercise Price in accordance with Section 3.1 or 3.2 hereof.

Issuance of Certificates. Upon the exercise of the WarrantsPlacement Agent's Warrant, the issuance of certificates for shares of Common Stock or other securities, properties or rights underlying such Warrants, Placement Agent's Warrant shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section 5 Sections 7 and 9 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Placement Agent's Warrant Certificates and the certificates representing the shares of Common Stock (and/or other securities, property or rights issuable issued upon exercise of the Warrants) Placement Agent's Warrant shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or any Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or any Assistant Secretary of the Company. Placement Agent's Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the Representative Warrants and/or the Underlying Warrants, the issuance of certificates for shares of Common Stock or the Warrant Securities and/or other securities, properties or rights underlying such Warrants, securities shall be issued made forthwith (and in any event such issuance shall be made within five three (3) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any stock transfer or similar tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 6 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock (Warrant Securities and/or other securities, property or rights issuable upon exercise of the Warrants) securities shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, and attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon Certificates for the exercise Warrant Units, representing the aggregate number of the Warrants, certificates for shares of Common Stock or other securities, properties or rights underlying such WarrantsUnits specified in said Exercise Agreement, shall be issued forthwith (and in any event such issuance shall be made within five business days) without charge delivered to the Holder thereof includingwithin a reasonable time, without limitationnot exceeding five (5) business days, any tax which after the rights represented by this Warrant shall have been so exercised. The Unit certificate or certificates so delivered shall be in such denominations as may be payable requested by the holder hereof and shall be registered in respect the name of the issuance thereof, and said Holder or such certificates other name as shall be designated by said Holder (subject to the provisions transfer restrictions applicable to this Warrant and to Units purchased upon exercise of Section 5 hereof) be issued this Warrant). If this Warrant shall have been exercised only in the name ofpart, or in such names as may be directed bythen, unless this Warrant has expired, the Holder thereof; PROVIDEDCompany shall, HOWEVERat its expense, that at the time of delivery of said Unit certificates(s), deliver to said holder a new Warrant representing the right to purchase the number of Units with respect to which this Warrant shall not then have been exercised. The Company shall not pay all expenses and charges payable in connection with the preparation, execution and delivery of Unit certificates (and any new Warrants) pursuant to this paragraph 2 except that, in case such Unit certificates shall be required registered in a name or names other than the Holder of this Warrant or such Holder’s nominee, funds sufficient to pay any tax all Unit transfer taxes which may shall be payable in respect to any transfer involved in connection with the issuance execution and delivery of any such Unit certificates in a name other than that of shall be paid by the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people requesting the issuance thereof shall have paid to the Company at the amount time of delivery of such tax or it shall be established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the Unit certificates representing the shares of Common Stock (and/or other securities, property or rights issuable upon exercise of the Warrants) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transferas mentioned above.

Issuance of Certificates. Upon the exercise of the Warrants, the issuance of certificates for shares of Common Stock or other securities, properties or rights underlying such Warrants, the Shares purchased shall be issued made forthwith (and in any event such issuance shall be made within five three (3) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Article 5 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock (and/or other securities, property or rights issuable upon exercise of the Warrants) Shares shall be executed on behalf of the Company by the manual or facsimile signature of the then present or any future Chairman or Vice Chairman of the Board of Directors Directors, Chief Executive Officer or President or Vice President of the Company and the Secretary of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present or any future Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer. Upon exercise, in part or in whole, of the Warrants, certificates representing the Shares shall bear a legend substantially similar to the following: "The securities represented by this certificate have not been registered for purposes of public distribution under the Securities Act of 1933, as amended (the "Act"), and may not be offered or sold except (i) pursuant to an effective registration statement under the Act, (ii) to the extent applicable, pursuant to Rule 144 under the Act (or any similar rule under such Act relating to the disposition of securities), or (iii) upon the delivery by the holder to the Company of an opinion of counsel, reasonably satisfactory to counsel to the Company, stating that an exemption from registration under such Act is available."

Issuance of Certificates. Upon the exercise of a Warrant, the Warrants, issuance of certificates for shares of Common Stock or other securities, properties or rights underlying such WarrantsWarrant, shall be issued made forthwith (and in any event such issuance shall be made within five three (3) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDED, HOWEVER, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Holder, and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock Shares (and/or other securities, property or rights issuable upon the exercise of the Warrants) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the Warrants, the ------------------------ issuance of certificates for shares of Common Stock or other securities, properties or rights underlying such Warrants, shall be issued made forthwith (and in any event such issuance shall be made within five four (4) business daysdays thereafter) without charge to the Holder Holders thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder Holders thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Holders, and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock (and/or other securities, property or rights issuable upon the exercise of the Warrants) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. (a) Upon the exercise of the WarrantsWarrant, the issuance of certificates for shares of Common Stock or other securities, properties or rights underlying such Warrants, shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without charge to the Holder thereof including, without limitation, limitations any tax which may be payable in respect of the issuance thereof, thereof and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company Issuer shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company Issuer shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company Issuer the amount of such tax or it shall be have established to the satisfaction of the Company Issuer that such tax has been paid. . (b) The Warrant Certificates and the certificates representing the shares of Common Stock (and/or other securities, property or rights issuable upon exercise of the Warrants) shall be executed on behalf of the Company Issuer by the manual or facsimile signature of the then present then-current Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company Issuer under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present then-current Secretary or Assistant Secretary of the CompanyIssuer. Warrant Certificates shall be dated the date of execution by the Company Issuer upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the Warrants, the issuance of certificates for evidencing the shares of Common Stock or other securities, properties or rights underlying such Warrants, Warrants shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section 5 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing evidencing the shares of Common Stock (and/or or other securities, property or rights issuable upon exercise of the Warrants) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors Directors, or the President or any Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Treasurer or Assistant Treasurer or the Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the Warrants, the issuance of certificates for the total number of whole shares of Common Stock or other securities, properties or rights underlying common stock for which such Warrants, Warrants were exercised shall be issued forthwith made promptly (and in any event such issuance shall be made within five (5) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any stock transfer or similar tax which may be payable in with respect of to the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in with respect to any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Holder, and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock (and/or other securities, property or rights issuable upon exercise of Warrant Securities underlying the Warrants) Warrants shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President Chief Executive Officer of the Company under its corporate seal reproduced thereon, attested to thereon and by the manual or facsimile signature of the then present Secretary Treasurer or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer. Certificates representing the shares of common stock issuable upon exercise of the Warrants shall be dated the date on which the Company receives the Election to Purchase, Warrant Certificate and payment of the Exercise Price.

Issuance of Certificates. Upon the exercise of the Warrants or the Underlying Warrants, the issuance of certificates for the shares of Common Stock or other securities, properties or rights underlying such Warrantsas applicable, shall be issued made forthwith (and in any event such issuance shall be made within five three business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Articles 5 hereofand 7) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock (and/or or other securities, property or rights issuable upon exercise of the Warrants) as applicable, shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President Chairman or Vice President Chairman of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the WarrantsUnderwriter's Warrants and payment of the Purchase Price therefor, the issuance of certificates for representing the shares of Common Stock or other securities, properties or rights underlying such Warrants, Warrants issuable upon exercise thereof shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without further charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Holder, and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Underwriter's Warrant Certificates and the certificates representing the shares of Common Stock or Warrants (and/or and such other securities, property or rights as may be represented by certificates) issuable upon exercise of the Warrants) thereof shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or Directors, Chief Executive Officer, President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary or Treasurer or Assistant Treasurer of the Company. Underwriter's Warrant Certificates shall be dated the date of execution issuance thereof by the Company upon initial issuance, division, transfer or exchange, substitution or transferin lieu of mutilated, lost, stolen or destroyed Underwriter's Warrant Certificates.

Issuance of Certificates. Upon the exercise of the Warrants, the issuance of certificates for shares of Common Stock or and/or other securities, properties or rights underlying such Warrants, Warrants shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section 5 Sections 6 and 8 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock Shares (and/or other securities, property or rights issuable upon the exercise of the Warrants) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the WarrantsRepresentative's Unit Purchase Option, the issuance of certificates for shares of Common Stock the Unit Warrants and Unit Shares or other securities, properties or rights underlying such WarrantsRepresentative's Unit Purchase Option, shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Representative and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates Representative's Unit Purchase Option and the certificates representing the shares of Common Stock (and/or other securities, property or rights Unit Warrants and Unit Shares issuable upon exercise of the Warrants) Representative's Unit Purchase Option shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates The Representative's Unit Purchase Option shall be dated the date of the execution by the Company upon initial issuance, division, exchange, substitution or transfer. The certificates representing the Unit Warrants and Unit Shares issuable upon exercise of the Representative's Unit Purchase Options shall be identical in form and substance to those issued and sold to the public in connection with the Public Offering, including the terms of redemption for the Warrants.

Issuance of Certificates. Upon the exercise of the Representatives' Warrants, the issuance of certificates for shares of Common Preferred Stock or and/or other securities, properties or rights underlying such Representatives' Warrants, shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Preferred Stock (and/or other securities, property or rights issuable upon the exercise of the Representatives' Warrants) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the Warrants, the issuance of certificates for shares of Common Stock or other securities, properties or rights underlying such Warrants, shall be issued made forthwith (and in any event such issuance shall be made within five ten business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock (and/or other securities, property or rights issuable upon exercise of the Warrants) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by be the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the Warrants, the issuance of certificates for shares of Common Stock or other securities, properties or rights underlying such Warrants, Warrants shall be issued made forthwith (and in any event such issuance shall be made within five ten (10) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section 5 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company HemaSure shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Holder, and the Company HemaSure shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company HemaSure the amount of such tax or it shall be have established to the satisfaction of the Company HemaSure that such tax has been paid. The Warrant Certificates Certificate and the certificates representing the shares of Common Stock (and/or other securities, property or rights issuable upon exercise of the Warrants) Shares shall be executed on behalf of the Company HemaSure by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Chief Executive Officer or Vice President of the Company HemaSure under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the CompanyHemaSure. The Warrant Certificates Certificate shall be dated the date of execution by the Company HemaSure upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the Representative's Warrants, the issuance of certificates for shares of Common Stock or other securities, properties property or rights underlying such Representative's Warrants, shall be issued made forthwith (and in any event such issuance shall be made within five three (3) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which that may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock (and/or and other securities, property or rights issuable upon the exercise of the Representative's Warrants) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates and certificates representing the shares of Common Stock shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the WarrantsWarrants and -------- -- ------------ payment of the Exercise Price therefor, the issuance of certificates for shares of the Common Stock Stock, Redeemable Warrants or other securities, properties or rights underlying such Warrants, Warrants shall be issued made forthwith (and in any event such issuance shall be made within five three (3) business daysdays thereafter) without further charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Holder, and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates certificates and the certificates representing the shares of Common Stock (and/or or other securities, property or rights issuable upon exercise of the Warrants(if such property or rights are represented by certificates) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary or Treasurer or Assistant Treasurer of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the WarrantsUnderwriter's Warrants and payment of the Purchase Price therefor, the issuance of certificates for shares of Common Stock representing the Underwriter's Securities or other securities, properties or rights underlying such Underwriter's Warrants, shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without further charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Holder, and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Underwriter's Warrant Certificates and the certificates representing the shares of Common Stock (and/or Underwriter's Securities or other securities, property or rights issuable upon exercise of the Warrants(if such property or rights are represented by certificates) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereonCompany, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary or Treasurer or Assistant Treasurer of the Company. The Underwriter's Warrant Certificates shall be dated the date of execution issuance thereof by the Company upon initial issuance, division, transfer or exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the WarrantsLead Investor’s Warrant and payment of the Purchase Price therefor, the issuance of certificates for shares of Common Stock representing the Lead Investor’s Securities or other securities, properties or rights underlying such WarrantsLead Investor’s Warrant, shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without further charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Holder, and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Lead Investor’s Warrant Certificates and the certificates representing the shares of Common Stock (and/or Lead Investor’s Securities or other securities, property or rights issuable upon exercise of the Warrants(if such property or rights are represented by certificates) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereonCompany, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary or Treasurer or Assistant Treasurer of the Company. The Lead Investor’s Warrant Certificates shall be dated the date of execution issuance thereof by the Company upon initial issuance, division, transfer or exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the WarrantsWarrant, the issuance of certificates for shares of Common Stock or and/or other securities, properties or rights underlying such Warrants, Warrant shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Holder, and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock underlying the Warrant (and/or other securities, property or rights issuable upon the exercise of the WarrantsWarrant) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. The Warrant Certificates Certificate shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer. Certificates representing the shares of Common Stock (and/or other securities, property or rights issuable upon exercise of the Warrant) shall be dated as of the Notice Date (regardless of when executed or delivered) and dividend bearing securities so issued shall accrue dividends from the Notice Date.

Issuance of Certificates. Upon the exercise of the Warrants, the issuance of certificates for shares of Common Stock or and/or other securities, properties or rights underlying such Warrants, Warrants shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Holder, and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock (and/or other securities, property or rights issuable upon the exercise of the Warrants) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer. Certificates representing the shares of Common Stock (and/or other securities, property or rights issuable upon exercise of the Warrants) shall be dated as of the Notice Date (regardless of when executed or delivered) and dividend bearing securities so issued shall accrue dividends from the Notice Date.

Issuance of Certificates. Upon the exercise of the Warrants, the issuance of certificates for the shares of Common Warrant Stock or other securities, properties or rights underlying such Warrants, shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Warrant Stock (and/or or other securities, property or rights issuable upon exercise of the Warrants) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors Directors, or the President or Vice President any executive officer of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Treasurer or Assistant Treasurer or the Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the WarrantsRepresentative's Warrant, the issuance of certificates for shares of Common Stock or other securitiesStock, properties or rights underlying such Warrants, Representative's Warrant shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax tax, other than income taxes which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section 5 Sections 7 and 9 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Representative's Warrant Certificates and the certificates representing the shares of Common Stock (and/or or other securities, property or rights issuable issued upon exercise of the Warrants) Representative's Warrant shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or any Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or any Assistant Secretary of the Company. Representative's Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the WarrantsUnderwriter's Warrant, the issuance of certificates for shares of Common Stock or other securitiesStock, properties or rights underlying such Warrants, Underwriter's Warrant shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax tax, other than income taxes, which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section 5 Sections 7 and 9 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Underwriter's Warrant Certificates and the certificates representing the shares of Common Stock (and/or or other securities, property or rights issuable issued upon exercise of the Warrants) Underwriter's Warrant shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or any Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or any Assistant Secretary of the Company. Underwriter's Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the Warrants, the issuance of certificates evidencing the shares of Common Stock and the Redeemable Warrants or other securities, properties or rights underlying such Warrants, and upon the exercise of the Redeemable Warrants, the issuance of certificates for shares of Common Stock or other securities, properties or rights underlying such Redeemable Warrants, shall be issued made forthwith (and in any event such issuance shall be made within five three (3) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing evidencing the shares of Common Stock (and/or and the Redeemable Warrants or other securities, property or rights issuable upon exercise of the Warrants) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors Directors, or the President or any Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Treasurer or Assistant Treasurer or the Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the Underwriter's Warrants, the issuance of certificates for shares of Common Stock the Shares or other securities, properties or rights underlying such Underwriter's Warrants, shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section SECTIONS 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Underwriter and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Underwriter's Warrant Certificates and the certificates representing the shares of Common Stock (and/or other securities, property or rights Shares issuable upon exercise of the Warrants) Underwriter's Warrants shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. The Underwriter's Warrant Certificates shall be dated the date of the execution by the Company upon initial issuance, division, exchange, substitution or transfer. The certificates representing the Shares issuable upon exercise of the Underwriter's Warrant shall be identical in form to those issued in connection with the Public Offering.

Issuance of Certificates. Upon the exercise of the WarrantsRepresentative's Warrant, the issuance of certificates for shares of Common Stock or other securitiesStock, properties or rights underlying such Warrants, Representative's Warrant shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax tax, other than income taxes, which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section 5 Sections 7 and 9 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Representative's Warrant Certificates and the certificates representing the shares of Common Stock (and/or or other securities, property or rights issuable issued upon exercise of the Warrants) Representative's Warrant shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or any Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or any Assistant Secretary of the Company. Representative's Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the Warrants, the issuance of certificates for the shares of Common Stock or other securities, properties or rights underlying such Warrants, shall be issued made forthwith (and in any event such issuance shall be made within five ten (10) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section SECTIONS 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Holder, and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof in a name other than that of the Holder shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock (and/or other securities, property or rights issuable upon exercise of the Warrants) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual dual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the Warrants, the issuance of certificates for the total number of whole shares of Common Stock or other securities, properties or rights underlying for which such Warrants, Warrants were exercised shall be issued forthwith made promptly (and in any event such issuance shall be made within five business daysdays thereafter) without charge to the Holder thereof including, without limitation, any stock transfer or similar tax which may be payable in with respect of to the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in with respect to any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Holder, and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock (and/or other securities, property or rights issuable upon exercise of Shares underlying the Warrants) Warrants shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to thereon and by the manual or facsimile signature of the then present Secretary Treasurer or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer. Certificates representing the shares of Common Stock issuable upon exercise of the Warrants shall be dated the date on which the Company receives the Election to Purchase, Warrant Certificate and payment of the Exercise Price.

Issuance of Certificates. Upon the exercise of the WarrantsRepresentatives' Warrant, the issuance of certificates for shares of Common Stock or other securitiesStock, properties or rights underlying such Warrants, Representatives' Warrant shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax tax, other than income taxes, which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section 5 Sections 7 and 9 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Representatives' Warrant Certificates and the certificates representing the shares of Common Stock (and/or or other securities, property or rights issuable issued upon exercise of the Warrants) Representatives' Warrant shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or any Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or any Assistant Secretary of the Company. Representatives' Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. (a) Upon the exercise of the Warrants, Warrant the issuance of certificates for shares of Common Stock or other securities, properties or rights underlying such Warrants, shall be issued made forthwith (and in any event such issuance shall be made within five [5] business daysdays thereafter) without charge to the Holder thereof including, without limitation, limitations any tax which may be payable in respect of the issuance thereof, thereof and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company Issuer shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and arid the Company Issuer shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company Issuer the amount of such tax or it shall be have established to the satisfaction of the Company Issuer that such tax has been paid. . (b) The Warrant Certificates and the certificates representing the shares of Common Stock (and/or other securities, property or rights issuable upon exercise of the Warrants) shall be executed on behalf of the Company Issuer by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company Issuer under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Issuer. (c) Warrant Certificates shall be dated the date of execution by the Company Issuer upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the WarrantsRepresentative's Warrant, the issuance of certificates for shares of Common Stock and/or Warrants or other securities, properties or rights underlying such Warrants, Representative's Warrant shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section 5 Sections 7 and 9 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Representative's Warrant Certificates and the certificates representing the shares of Common Stock (and/or Warrants or other securities, property or rights issuable issued upon exercise of the Warrants) Representative's Warrant shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or any Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or any Assistant Secretary of the Company. Representative's Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the WarrantsUnderwriters' Warrants and payment of the Purchase Price therefor, the issuance of certificates for shares of Common Stock representing the Underwriters Securities or other securities, properties or rights underlying such Underwriters' Warrants, shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without further charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDED, HOWEVERprovided, however, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Holder, and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Underwriters' Warrant Certificates and the certificates representing the shares of Common Stock (and/or Underwriters Securities or other securities, property or rights issuable upon exercise of the Warrants(if such property or rights are represented by certificates) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereonCompany, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary or Treasurer or Assistant Treasurer of the Company. Underwriters' Warrant Certificates shall be dated the date of execution issuance thereof by the Company upon initial issuance, division, transfer or exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the Warrants, the issuance of certificates for shares of Common Stock or and Underlying Warrants and other securities, properties or rights underlying such Warrants and, upon the exercise of the Underlying Warrants, the issuance of certificates for shares of Common Stock and other securities, properties or rights underlying such Underlying Warrants, shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the Shares, Underlying Warrants and the shares of Common Stock underlying such Underlying Warrants (and/or and other securities, property or rights issuable upon the exercise of the Warrants or the Underlying Warrants) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the Warrants, the issuance of certificates for shares of Common Stock or other securities, properties or rights underlying such Warrants, shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7.1 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock Shares (and/or other securities, property or rights issuable upon the exercise of the Warrants) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the Warrants, the issuance of certificates for shares of Common Stock or other securities, properties or rights underlying such Warrants, shall be issued made forthwith (and in any event such issuance shall be made within five three (3) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock (and/or other securities, property or rights issuable upon the exercise of the Warrants) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the Underwriter's Warrants, the issuance of certificates for shares of the Common Stock or other securities, properties or rights underlying such Underwriter's Warrants, shall be issued made forthwith (and in any event such issuance shall be made within five three (3) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Underwriter and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Underwriter's Warrant Certificates and the certificates representing the shares of Common Stock (and/or other securities, property or rights issuable upon exercise of the Warrants) Underwriter's Warrants shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Underwriter's Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the Warrants and/or the Underlying Warrants, the issuance of certificates for the shares of Common Stock or and/or other securities, properties or rights underlying such Warrants, securities shall be issued made forthwith (and in any event such issuance shall be made within five three (3) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock (and/or other securities, property or rights issuable upon exercise of the Warrants) securities shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereonCompany, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the Warrants, the ------------------------ issuance of certificates for shares of Common Stock or Warrant Securities and/or other securities, properties or rights underlying such Warrants, Warrants shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section 5 Sections 6 and 8 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock Warrant Securities (and/or other securities, property or rights issuable upon the exercise of the Warrants) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the WarrantsRepresentative's Warrant, the issuance of certificates for shares of Common Stock or other securitiesStock, properties or rights underlying such Warrants, Representative's Warrant shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax tax, other than income taxes, which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section 5 SECTIONS 7 and 9 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Representative's Warrant Certificates and the certificates representing the shares of Common Stock (and/or or other securities, property or rights issuable issued upon exercise of the Warrants) Representative's Warrant shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or any Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or any Assistant Secretary of the Company. Representative's Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the WarrantsUnderwriter's Warrants and payment of the Purchase Price therefor, the issuance of certificates for representing the shares of Common Stock or other securities, properties or rights underlying such WarrantsWarrants issuable upon exercise thereof, shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without further charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section 5 Sections 6 and 8 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Holder, and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Underwriter's Warrant Certificates and the certificates representing the shares of Common Stock or Warrants (and/or and such other securities, property or rights as may be represented by certificates) issuable upon exercise of the Warrants) thereof shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or Directors, Chief Executive Officer, President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary or Treasurer or Assistant Treasurer of the Company. Underwriter's Warrant Certificates shall be dated the date of execution issuance thereof by the Company upon initial issuance, division, transfer or exchange, substitution or transferin lieu of mutilated, lost, stolen or destroyed Underwriter's Warrant Certificates.

Issuance of Certificates. Upon the exercise of the Representative's Warrants, the issuance of certificates for shares the Class A Stock purchased and certificates for the warrants purchased, and upon the exercise of Common the warrants, the issuance of certificates for the Class A Stock or other securities, properties or rights underlying such Warrants, purchased shall be issued made forthwith (and in any event such issuance shall be made within five three (3) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section 5 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Holder, and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Representative's Warrant Certificates and the certificates representing the shares of Common Class A Stock (and/or other securities, property or rights issuable upon exercise of and the Warrants) warrants shall be executed on behalf of the Company by the manual or facsimile signature of the then present or any future Chairman or Vice Chairman of the Board of Directors or Chief Executive Officer, President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present or any future Secretary or Assistant Secretary of the Company. Representative's Warrant Certificates and certificates representing the warrants shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the WarrantsUnderwriters' Warrants and payment of the purchase price or exercise price provided therein, the issuance of certificates for representing the shares of Common Stock or other securities, properties or rights underlying such Warrants, Warrants issuable upon exercise thereof shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without further charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Holder, and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Underwriters' Warrant Certificates and the certificates representing the shares of Common Stock or Warrants (and/or and such other securities, property or rights as may be represented by certificates) issuable upon exercise of the Warrants) thereof shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or Directors, Chief Executive Officer, President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary or Treasurer or Assistant Treasurer of the Company. Underwriters' Warrant Certificates shall be dated the date of execution issuance thereof by the Company upon initial issuance, division, transfer or exchange, substitution or transferin lieu of mutilated, lost, stolen or destroyed Underwriters' Warrant Certificates.

Issuance of Certificates. Upon the exercise of the WarrantsRepresentative's Purchase Options, the issuance of certificates for shares of Common Stock the Units or other securities, properties or rights underlying such Warrantssecurities comprising the Units, shall be issued made forthwith (and in any event such issuance shall be made within five three (3) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Representative and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Representative's Purchase Option Certificates and the certificates representing the shares of Common Stock (and/or other securities, property or rights Units issuable upon exercise of the Warrants) Representative's Purchase Options shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Representative's Purchase Option Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the WarrantsWarrants and ------------------------ payment of the Exercise Price therefor, the issuance of certificates for shares of Common Stock or other securities, properties or rights securities underlying such Warrants, shall be issued made forthwith (and in any event such issuance shall be made within five (5) business days) days thereafter), without any other charge to the Holder Holder(s) thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 -------- and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder Holder(s) thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required ----------------- to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder requesting such a transfer and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof such a transfer shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock (and/or Stock, and the other securitiessecurities for which such Warrant Certificates are exercisable, property or rights issuable upon exercise of the Warrants) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or the Chief Executive Officer, President or Vice President of the Company Company, under its corporate seal reproduced thereonseal, and attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the WarrantsUnderwriter's Warrant and payment of the Purchase Price therefor, the issuance of certificates for shares of Common Stock representing the Underwriter's Securities or other securities, properties or rights underlying such WarrantsUnderwriter's Warrant, shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without further charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Holder, and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Underwriter's Warrant Certificates and the certificates representing the shares of Common Stock (and/or Underwriter's Securities or other securities, property or rights issuable upon exercise of the Warrants(if such property or rights are represented by certificates) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereonCompany, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary or Treasurer or Assistant Treasurer of the Company. The Underwriter's Warrant Certificates shall be dated the date of execution issuance thereof by the Company upon initial issuance, divisiontransfer or exchange. Notwithstanding anything else contained herein, exchange, substitution or transferthe Warrants to be issued shall be exercisable at 165% of the effective initial public offering price of the Common Stock.

Issuance of Certificates. Upon the exercise of the Warrants, the issuance of certificates for the total number of whole shares of Common Stock or other securities, properties or rights underlying for which such Warrants, Warrants were exercised shall be issued forthwith made promptly (and in any event such issuance shall be made within five business daysdays thereafter) without charge to the Holder thereof including, without limitation, any stock transfer or similar tax which may be payable in with respect of to the issuance thereof, and such certificates shall (subject shall(subject to the provisions of Section 5 Sections 6 and 8 hereof) be issued in the name of, ,or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in with respect to any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Holder, and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock (and/or other securities, property or rights issuable upon exercise of Shares underlying the Warrants) Warrants shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to thereon and by the manual or facsimile signature of the then present Secretary Treasurer or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, ,exchange, substitution or transfer. Certificates representing the shares of Common Stock issuable upon exercise of the Warrants shall be dated the date on which the Company receives the Election to Purchase, Warrant Certificate and payment of the Exercise Price.

Issuance of Certificates. Upon the exercise of the Representatives' Warrants, the issuance of certificates for shares of Common Stock or other securities, properties property or rights underlying such Representatives' Warrants, shall be issued made forthwith (and in any event such issuance shall be made within five three (3) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which that may be payable in respect of the issuance thereof, ; and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock (and/or and other securities, property or rights issuable upon the exercise of the Representatives' Warrants) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates and certificates representing the shares of Common Stock shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. (a) Upon the exercise or exchange of the WarrantsWarrant, the registration of the Holder thereof as the owner of the Shares on the books and records of the Company and, if applicable, the issuance of certificates for shares of Common Stock or other securities, properties or rights underlying such Warrantsthe Shares, shall be issued made forthwith (and in any event such issuance shall be made within five business daysBusiness Days (as defined in the Credit Agreement) thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section 5 6 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in such registration and the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. . (b) The Warrant Certificates Certificate and the certificates representing the shares of Common Stock (and/or other securities, property or rights issuable upon exercise of the Warrants) Shares shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or any future President or Vice President of the Company under its corporate seal reproduced thereonCompany, attested to by the manual or facsimile signature of the then present or any future Secretary or Assistant Secretary of the Company. The Warrant Certificates Certificate shall be dated as of the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer. (c) The Warrant Certificate and, upon exercise of the Warrant, in part or in whole, certificates representing the Shares shall bear a legend substantially similar to the following: "The Shares represented by this certificate have not been registered under the Securities Act of 1933, as amended (the "Act"), and may not be offered or sold except (i) pursuant to an effective registration statement under the Act, (ii) to the extent applicable, pursuant to Rule 144 under the Act (or any similar rule under the Act relating to the disposition of securities), or (iii) upon the delivery by the holder to the Company of an opinion of counsel, reasonably satisfactory to counsel for the Company, stating that an exemption from registration under the Act is available. The shares represented by this certificate are subject to certain restrictions on transfers set forth in Article FOURTH (C) of the Corporation's Certificate of Incorporation, the full text of which is printed on the reverse side of this certificate. ANY DIRECT OR INDIRECT ATTEMPT TO ACQUIRE CLASS A COMMON STOCK OF THE CORPORATION OR CONTINGENT OR NONCONTINGENT RIGHTS TO ACQUIRE SUCH STOCK IN VIOLATION OF SUCH RESTRICTIONS SHALL BE NULL AND VOID AND MAY RESULT IN FINANCIAL LOSS TO THE PERSON OR ENTITY ATTEMPTING SUCH ACQUISITION."

Issuance of Certificates. Upon the exercise of the Representative's Warrants, the issuance of certificates for shares the Shares purchased and certificates for the warrants purchased, and upon the exercise of Common Stock or other securitiesthe warrants, properties or rights underlying such Warrants, the issuance of certificates for the Shares purchased shall be issued made forthwith (and in any event such issuance shall be made within five three (3) business days) without days thereafter)without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section 5 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Representative's Warrant Certificates and the certificates representing the shares of Common Stock (and/or other securities, property or rights issuable upon exercise of Shares and the Warrants) warrants shall be executed on behalf of the Company by the manual or facsimile signature of the then present or any future Chairman or Vice Chairman of the Board of Directors or Chief Executive Officer, President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present or any future Secretary or Assistant Secretary of the Company. Representative's Warrant Certificates and certificates representing the warrants shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the Warrants, the issuance of certificates for shares of Common Stock or Series A Preferred and/or other securities, properties or rights underlying such Warrants, Warrants shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Holder, and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock Series A Preferred underlying the Warrants (and/or other securities, property or rights issuable upon the exercise of the Warrants) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or Directors, Chief Executive Officer, President or any Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer. Certificates representing the shares of Series A Preferred (and/or other securities, property or rights issuable upon exercise of the Warrants) shall be dated as of the Notice Date (regardless of when executed or delivered) and dividend bearing securities so issued shall accrue dividends from the Notice Date.

Issuance of Certificates. Upon the exercise of the Warrants, the issuance of certificates for shares of Common Stock or and/or other securities, properties or rights underlying such Warrants, shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without charge to the Holder Holders thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder Holders thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Holders, and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons 4 requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock Shares underlying the Warrants (and/or other securities, property or rights issuable upon the exercise of the Warrants) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of any of the Representative's Warrants, the issuance of certificates for shares of Common Stock or other securitiesStock, properties or rights underlying such Warrants, Representative's Warrant shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax tax, other than income taxes, which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section 5 Sections 7 and 9 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount 6 of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock (and/or or other securities, property or rights issuable issued upon exercise of the Warrants) Representative's Warrants shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or any Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or any Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the Representatives' Warrants, the issuance of certificates for shares of Common Stock or other securitiesStock, properties or rights underlying such Warrants, Representatives' Warrants shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax tax, other than income taxes, which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section 5 Sections 7 and 9 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Representatives' Warrants Certificates and the certificates representing the shares of Common Stock (and/or or other securities, property or rights issuable issued upon exercise of the Warrants) Representatives' Warrants shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or any Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or any Assistant Secretary of the Company. Warrant Representatives' Warrants Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the Warrants, the issuance of certificates for shares of Common Stock and Redeemable Warrants or other securities, properties or rights underlying such Warrants, and upon the exercise of the Redeemable Warrants, the issuance of certificates for shares of Common Stock or other securities, properties or rights underlying such Warrants, Redeemable Warrants shall be issued made forthwith (and in any event such issuance shall be made within five three (3) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDED, HOWEVER, that the Company shall not be required to pay any tax which may be payable in respect to any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock (and/or and the Redeemable Warrants underlying the Warrants and the shares of Common Stock underlying each Redeemable Warrant or other securities, property or rights issuable upon exercise of the Warrants) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary or Treasurer or Assistant Treasurer of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the Representative's Warrants or the Underlying Warrants, the issuance of certificates for the Units or the shares of Common Stock or and/or other securities, properties or rights underlying such Warrants, securities shall be issued made forthwith (and in any event such issuance shall be made within five three (3) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Articles 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the Units or shares of Common Stock (and/or other securities, property or rights issuable upon exercise of the Warrants) securities shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President Chief Executive Officer of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the Warrants, the issuance of certificates for shares of Common Stock or Warrant Units (including Unit Shares, Unit Warrants and/or other securities, properties or rights underlying such Warrants), shall be issued made forthwith (and in any event such issuance shall be made within five three (3) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section 5 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock Warrant Units (and/or other securities, property or rights issuable upon the exercise of the Warrants) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the Warrants, the issuance of certificates for shares of Common Stock the Shares, or other securities, properties or rights underlying such Warrants, shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Holder, and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock Shares (and/or other securities, property or rights issuable upon exercise of the Warrants) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of person(s) authorized therefor by the Company's Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfertransfer or in lieu of mutilated, lost, stolen or destroyed Warrant Certificates. Certificates representing the Shares shall be dated as of the Notice Date (regardless of when executed or delivered) and dividend bearing securities so issued shall accrue dividends from the Notice Date.

Issuance of Certificates. Upon the exercise of the Warrants and payment of the Exercise Price therefor, the issuance of certificates for shares of Common Stock and/or Redeemable Warrants or other securities underlying such Warrants, and upon the exercise of the Redeemable Warrants, the issuance of certificates for shares of Common Stock or other securities, properties or rights securities underlying such Warrants, Redeemable Warrants shall be issued made forthwith (and in any event such issuance shall be made within five (5) business days) days thereafter), without any other charge to the Holder Holder(s) thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder Holder(s) thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder requesting such a transfer and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof such a transfer shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock, the Redeemable Warrants and the other securities for which such Warrant Certificates are exercisable, and the shares of Common Stock (and/or or other securitiessecurities underlying the Redeemable Warrants, property or rights issuable upon exercise of the Warrants) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.or

Issuance of Certificates. Upon the exercise of the Warrants and/or the Underlying Warrants, the issuance of certificates for the shares of Common Stock or and/or other securities, properties or rights underlying such Warrants, securities shall be issued made forthwith (and in any event such issuance shall be made within five three (3) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Articles 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock (and/or other securities, property or rights issuable upon exercise of the Warrants) securities shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the WarrantsFinancial Advisor’s Warrant, the issuance of certificates for shares of Common Stock or other securities, properties or rights underlying such Warrants, Financial Advisor’s Warrant shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section 5 Sections 7 and 9 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Financial Advisor’s Warrant Certificates and the certificates representing the shares of Common Stock (and/or other securities, property or rights issuable issued upon exercise of the Warrants) Financial Advisor’s Warrant shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or any Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or any Assistant Secretary of the Company. Financial Advisor’s Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of any Advisor's Warrants and payment of the WarrantsExercise Price therefor, the issuance of one or more certificates for shares of Common Stock the Warrant Shares or other securities, properties or rights underlying such Warrants, Advisor's Warrants shall be issued made forthwith (and in any event such issuance shall be made within five three (3) business daysdays thereafter) without further charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Holder, and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Advisor's Warrant Certificates and the certificates representing the shares of Common Stock (and/or Warrant Shares or other securities, property or rights issuable upon exercise of the Warrants(if such property or rights are represented by certificates) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary or Treasurer or Assistant Treasurer of the Company. Advisor's Warrant Certificates shall be dated the date of execution issuance thereof by the Company upon initial issuance, division, transfer or exchange, substitution or transferin lieu of mutilated, lost, stolen or destroyed Advisor's Warrant Certificates.

Issuance of Certificates. (a) Upon the exercise of the WarrantsBond Purchase Option, certificates for shares the issuance of Common Stock Bond Purchase Option Certificate or other securities, properties or rights underlying such Warrants, Bond Purchase Options shall be issued made forthwith (and in any event such issuance shall be made within five (5) business days) days thereafter, without charge to the Holder thereof thereof, including, without limitation, limitations any tax which may be payable in respect of the issuance thereof, thereof and such certificates shall (subject to the provisions of Section 5 hereof5) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company Issuer shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Holder, and the Company Issuer shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company Issuer the amount of such tax or it shall be have established to the satisfaction of the Company Issuer that such tax has been paid. . (b) The Warrant Bond Purchase Option Certificates and the certificates representing the shares of Common Stock Bonds (and/or other securities, property or rights issuable upon exercise of the WarrantsBond Purchase Options) shall be executed on behalf of the Company Issuer by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company Issuer under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Issuer. (c) Bond Purchase Option Certificates shall be dated the date of execution by the Company Issuer upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the Warrants, the issuance of certificates for shares of Common Stock and Redeemable Warrants or other securities, properties or rights underlying such Warrants, and upon the exercise of the Redeemable Warrants, the issuance of certificates for shares of Common Stock or other securities, properties or rights underlying such Warrants, Redeemable Warrants shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDED, HOWEVER, that the Company shall not be required to pay any tax which may be payable in respect to any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock (and/or and the Redeemable Warrants underlying the Warrants and the shares of Common Stock underlying each Redeemable Warrant or other securities, property or rights issuable upon exercise of the Warrants) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary or Treasurer or Assistant Treasurer of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the Warrants, the issuance of certificates for shares of Common Stock or and/or other securities, properties or rights underlying such Warrants, Warrants shall be issued made forthwith (and in any event such issuance shall be made within five (5) business daysdays thereafter) without charge to the Holder thereof including, without limitationrotation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock Shares (and/or other securities, property or rights issuable upon the exercise of the Warrants) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the Warrants, certificates for shares of Common Preferred Stock or other securities, properties or rights underlying such Warrants, shall be issued forthwith (and in any event such issuance shall be made within five business days) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section 5 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVER, however that the Company shall not be required to pay any tax which may be payable in respect to any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder and the Company shall not be required to issue or deliver such certificates unless or until the person or people requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Preferred Stock (and/or other securities, property or rights issuable upon exercise of the Warrants) shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.

Issuance of Certificates. Upon the exercise of the Representative's Warrants, the issuance of certificates for shares of Common Stock or other securitiesthe Securities, properties or rights underlying such Warrants, Representative's Warrants shall be issued made forthwith (and in any event such issuance shall be made within five three (3) business daysdays thereafter) without charge to the Holder thereof including, without limitation, any tax which may be payable in respect of the issuance thereof, and such certificates shall (subject to the provisions of Section Sections 5 and 7 hereof) be issued in the name of, or in such names as may be directed by, the Holder thereof; PROVIDEDprovided, HOWEVERhowever, that the Company shall not be required to pay any tax which may be payable in respect to of any transfer involved in the issuance and delivery of any such certificates in a name other than that of the Holder Holder, and the Company shall not be required to issue or deliver such certificates unless or until the person or people persons requesting the issuance thereof shall have paid to the Company the amount of such tax or it shall be have established to the satisfaction of the Company that such tax has been paid. The Warrant Certificates and the certificates representing the shares of Common Stock (and/or other securities, property or rights issuable upon exercise of the Warrants) Securities shall be executed on behalf of the Company by the manual or facsimile signature of the then present Chairman or Vice Chairman of the Board of Directors or President or Vice President of the Company under its corporate seal reproduced thereon, attested to by the manual or facsimile signature of the then present Secretary or Assistant Secretary of the Company. Warrant Certificates shall be dated the date of execution by the Company upon initial issuance, division, exchange, substitution or transfer.