Common use of Method of Exercise; Payment; Issuance of New Warrant Clause in Contracts

Method of Exercise; Payment; Issuance of New Warrant. Subject to Section 1 hereof, the purchase right represented by this Warrant may be exercised by the holder, in whole or in part and from time to time, by the surrender of this Warrant (with the notice of exercise form attached hereto as Exhibit A duly executed) at the principal office of the Company and by the payment to the Company, by check, of an amount equal to the then applicable Warrant Price multiplied by the number of Shares then being purchased. The person or persons in whose name(s) any certificate(s) representing Shares shall be issuable upon exercise of this Warrant shall be deemed to have become the holder(s) of record of, and shall be treated for all purposes as the record holder(s) of, the shares represented thereby (and such shares shall be deemed to have been issued) immediately prior to the close of business on the date or dates upon which this Warrant is exercised. This Warrant may not be subsequently assigned by holder. In the event of any exercise of the rights represented by this Warrant, certificates for the shares of stock so purchased shall be delivered to the holder hereof as soon as possible and in any event within thirty days after such exercise and, unless this Warrant has been fully exercised or expired, a new Warrant representing the portion of the Shares, if any, with respect to which this Warrant shall not then have been exercised shall also be issued to the holder hereof as soon as possible and in any event within such thirty day period.

Method of Exercise; Payment; Issuance of New Warrant. Subject to Section 1 hereof, the (a) The purchase right represented by this Warrant may be exercised by the holderholder hereof during the term of this Warrant, in whole or in part and from time to timepart, by the surrender of this Warrant (with the notice of exercise form attached hereto as Exhibit A 1 duly executed) at the principal office of the Company and by the payment to the Company, by checkcheck or wire transfer, of an amount equal to the then applicable Warrant Price per share multiplied by the number of Shares shares then being purchased. The person or persons in whose name(s) any certificate(s) representing Shares shall be issuable upon exercise of this Warrant Company agrees that the shares so purchased shall be deemed to have become be issued to the holder(s) of record of, and shall be treated for all purposes holder hereof as the record holder(s) of, the shares represented thereby (and owner of such shares shall be deemed to have been issued) immediately prior to as of the close of business on the date or dates upon on which this Warrant is exercised. This Warrant may not be subsequently assigned by holdershall have been surrendered and payment made for such shares as aforesaid. In the event of any exercise of the rights represented by this Warrant, certificates for the shares of stock so purchased shall be delivered to the holder hereof as soon as possible and in any event within thirty 15 days after such exercise thereafter and, unless this Warrant has been fully exercised or expired, a new Warrant representing the portion of the Sharesshares, if any, with respect to which this Warrant shall not then have been exercised exercised, shall also be issued to the holder hereof as soon as possible and in any event within such thirty 15 day period.

Method of Exercise; Payment; Issuance of New Warrant. Subject to Section 1 hereof, the purchase right represented by this Warrant may be exercised by the holderholder hereof, in whole or in part and from time to timepart, by the surrender of this Warrant (with the a duly executed notice of exercise in the form attached hereto as Exhibit A duly executedAnnex 1) at the principal office of the Company (as set forth in Section 12 below) and by the payment to the Company, by checkcheck or wire transfer or cancellation of indebtedness, of an amount equal to the then applicable Warrant Price per share multiplied by the number of Shares then being purchased. The person or persons in whose name(s) any certificate(s) representing Shares shall be issuable upon exercise of this Warrant shall be deemed to have become the holder(s) of record of, and shall be treated for all purposes as the record holder(s) of, the shares represented thereby (and such shares shall be deemed to have been issued) immediately prior to the close of business on the date or dates upon which this Warrant is exercised. This Warrant may not be subsequently assigned by holder. In the event of any exercise of the rights represented by this Warrant, certificates for the shares Shares of stock so purchased shall be in the name of, and delivered to, the holder hereof, or as such holder may direct (subject to the restrictions upon transfer contained herein and upon payment by such holder hereof as soon as possible and in of any event applicable transfer taxes). Such delivery shall be made within thirty 10 days after such exercise of the Warrant and at the Company's expense and, unless this Warrant has been fully exercised or expired, a new Warrant representing the portion of the Shares, if any, with respect to which this Warrant shall not then have been exercised shall also be issued to the holder hereof as soon as possible and in any event within such thirty day period10 days after exercise of the Warrant.

Method of Exercise; Payment; Issuance of New Warrant. Subject to Section 1 hereof, the purchase right represented by this Warrant may be exercised by the holderholder hereof, in whole or in part and from time to timepart, by the surrender of this Warrant (with the notice of exercise form attached hereto as Exhibit A 1 duly executed) at the principal office of the Company and by the --------- payment to the Company, by checkcheck or wire transfer, of an amount equal to the then applicable Warrant Price per share multiplied by the number of Shares shares then being purchased. The person or persons in whose name(s) any certificate(s) representing Shares shall be issuable upon exercise of this Warrant Company agrees that the shares so purchased shall be deemed to have become be issued to the holder(s) of record of, and shall be treated for all purposes holder hereof as the record holder(s) of, the shares represented thereby (and owner of such shares shall be deemed to have been issued) immediately prior to as of the close of business on the date or dates upon on which this Warrant is exercised. This Warrant may not be subsequently assigned by holdershall have been surrendered and payment made for such shares as aforesaid. In the event of any exercise of the rights represented by this Warrant, certificates for the shares of stock so purchased shall be delivered to the holder hereof as soon as possible and in any event within thirty 15 days after such exercise thereafter and, unless this Warrant has been fully exercised or expired, a new Warrant representing the portion of the Sharesshares, if any, with respect to which this Warrant shall not then have been exercised exercised, shall also be issued to the holder hereof as soon as possible and in any event within such thirty 15 day period.

Method of Exercise; Payment; Issuance of New Warrant. Subject to Section 1 hereof, the purchase right represented by this This Warrant may be exercised by the holderStanford, in whole or in part and from time to timepart, by the surrender of this Warrant (with the notice Notice of exercise Exercise form attached hereto as Exhibit A A-1 duly executed) at the principal office of the Company and by the payment to the Company, by checkcash, check or wire transfer in immediately available funds, of an amount equal to the then applicable Warrant Exercise Price per share multiplied by the number of Shares then being purchasedpurchased hereunder. The person or persons in whose name(s) any certificate(s) representing Shares shall be issuable upon exercise of this Warrant shall be deemed to have become the holder(s) of record of, and shall be treated for all purposes as the record holder(s) of, the shares Shares represented thereby (and such shares Shares shall be deemed to have been issued) immediately prior to the close of business on the date or dates upon which this Warrant is exercised. This Warrant may not be subsequently assigned by holder. In the event of any exercise of the rights represented by this Warrant, certificates for the shares of stock Shares so purchased shall be delivered to the holder hereof as soon as possible and in any event within thirty days after such exercise Stanford and, unless this Warrant has been fully exercised or expired, a new Warrant representing the portion of the Shares, if any, with respect to which this Warrant shall not then have been exercised shall also be issued to the holder hereof as soon as possible and in any event within such thirty day periodStanford.

Method of Exercise; Payment; Issuance of New Warrant. Subject to Section 1 hereof, the purchase right represented by this Warrant may be exercised at any time up to the Expiration Date by the holderHolder, in whole or in part and from time to timepart, at the election of the Holder, by the surrender of this Warrant (with the notice of exercise substantially in the form attached hereto as Exhibit A "A" duly completed and executed) at the principal office of the Company and by the payment to the Company, by check, xxxxxxx's check or by wire transfer to an account designated by the Company of an amount equal to the then applicable Warrant Price multiplied by the number of Warrant Shares then being purchased. The person or persons in whose name(s) any certificate(s) representing Shares shares of Common Stock shall be issuable upon exercise of this Warrant shall be deemed to have become the holder(s) of record of, and shall be treated for all purposes as the record holder(s) of, the shares represented thereby (and such shares shall be deemed to have been issued) immediately prior to the close of business on the date or dates upon which this Warrant is exercised. This Warrant may not be subsequently assigned by holderexercised in accordance with the provisions of this Warrant. In the event of any such exercise of the rights represented by this Warrant, certificates for the shares of stock Warrant Shares so purchased shall be delivered to the holder hereof as soon as possible and in any event within thirty (30) days after such exercise and, unless this Warrant has been fully exercised or expired, a new Warrant representing the portion of the Shares, if any, with respect to which this Warrant shall not then have been exercised shall also be issued to the holder hereof as soon as possible and in any event within such thirty day periodexercise.

Method of Exercise; Payment; Issuance of New Warrant. Subject to Section 1 hereof, the purchase right represented by this Warrant may be exercised by the holder, in whole or in part and from time holder hereof only as to time, all of the Shares by the surrender of this Warrant (with the notice of exercise substantially in the form attached hereto as Exhibit EXHIBIT A duly completed and executed) at the principal office of the Company and by the payment to the Company, by certified or bank check, or by wire transfer to an account designated by the Company (a "Wire Transfer") of an amount equal to the then applicable Warrant Price multiplied by the number of Shares then being purchased. The person , or persons in whose name(s(b) any certificate(s) representing Shares shall be issuable upon exercise of this Warrant shall be deemed to have become the holder(s) of record of, and Conversion Right provided for in Section 9.2 hereof. Sylvan shall be treated for all purposes as the record holder(s) of, holder of the shares represented thereby (and such shares shall be deemed to have been issued) immediately prior to the close of business on the date or dates upon which this Warrant is exercised. This Warrant may not be subsequently assigned by holder. In the event of any exercise of the rights represented by this Warrant, certificates for the shares of stock so purchased shall be delivered to the holder hereof Sylvan as soon as possible and in any event within thirty (30) days after such exercise and, unless this Warrant has been fully exercised or expired, a new Warrant representing the portion of the Shares, if any, with respect to which this Warrant shall not then have been exercised shall also be issued to the holder hereof as soon as possible and in any event within such thirty day periodexercise.

Method of Exercise; Payment; Issuance of New Warrant. Subject to Section 1 hereof, the purchase right represented by this Warrant may be exercised by the holderholder hereof, in whole or in part and from time to timepart, by the surrender of this Warrant (with the notice of exercise form attached hereto as Exhibit A 1 duly executed) at the principal office of the Company and by the payment to the Company, by checkcheck or wire transfer, of or an amount equal to the then applicable Warrant Price per share multiplied by the number of Shares shares then being purchased. The person or persons in whose name(s) any certificate(s) representing Shares shall be issuable upon exercise of this Warrant Company agrees that the shares so purchased shall be deemed to have become be issued to the holder(s) of record of, and shall be treated for all purposes holder hereof as the record holder(s) of, the shares represented thereby (and owner of such shares shall be deemed to have been issued) immediately prior to as of the close of business on the date or dates upon on which this Warrant is exercised. This Warrant may not be subsequently assigned by holdershall have been surrendered and payment made for such shares as aforesaid. In the event of any exercise of the rights represented by this Warrant, certificates for the shares of stock so purchased shall be delivered to the holder hereof as soon as possible and in any event within thirty 15 days after such exercise thereafter and, unless this Warrant has been fully exercised or expired, a new Warrant representing the portion of the Sharesshares, if any, with respect to which this Warrant shall not then have been exercised exercised, shall also be issued to the holder hereof as soon as possible and in any event within such thirty 15-day period.

Method of Exercise; Payment; Issuance of New Warrant. Subject to Section 1 hereof, the The purchase right rights represented by this Warrant may be exercised by the holderWarrantholder, in whole or in part and from time to time, by the surrender of this Warrant (with the notice of exercise form attached hereto as Exhibit A duly executed) at the principal office of the Company and by the payment to the Company, by check, Company of an amount equal to the then applicable Warrant Exercise Price per share multiplied by the number of Shares then being purchased. The person or persons in whose name(s) any certificate(s) representing Shares shall be issuable upon exercise of this Warrant Warrantholder shall be deemed to have become the holder(s) of record of, and shall be treated for all purposes as the record holder(s) of, the shares Shares represented thereby (and such shares Shares shall be deemed to have been issued) immediately prior to the close of business on the date or dates upon which this Warrant is exercised. This Warrant may not be subsequently assigned by holder. In the event of any exercise of the rights represented by this Warrant, certificates for the shares of stock Shares so purchased purchased: shall be promptly delivered to the holder hereof as soon as possible (and in any event within thirty five business days after of receipt of such exercise notice) and, unless this Warrant has been fully exercised or expiredexercised, a new Warrant warrant lit representing the portion of the Shares, if any, with respect to which this Warrant shall not then have been exercised shall also be issued to the holder hereof as soon as possible (and in any event within such thirty five business day period).