Common use of Negotiability Clause in Contracts

Negotiability. This Warrant is issued upon the following terms, to all of which each Holder or owner hereof by the taking hereof consents and agrees: (a) subject to compliance with all applicable securities laws, title to this Warrant may be transferred by endorsement (by the Holder hereof executing the Form of Assignment attached hereto as EXHIBIT "B") and delivery in the same manner as in the case of a negotiable instrument transferable by endorsement and delivery; (b) any person in possession of this Warrant properly endorsed is authorized to represent himself as absolute owner hereof and is empowered to transfer absolute title hereto by endorsement and delivery hereof to a BONA FIDE purchaser hereof for value; each prior taker or owner waives and renounces all of his equities or rights in this Warrant in favor of each such BONA FIDE purchaser, and each such BONA FIDE purchaser shall acquire absolute title hereto and to all rights represented hereby; and (c) until this Warrant is transferred on the books of the Company, the Company may treat the registered Holder hereof as the absolute owner hereof for all purposes, notwithstanding any notice to the contrary.

Negotiability. This Warrant is issued upon the following terms, to all of which each Holder or owner hereof by the taking hereof consents and agrees: (a) subject to compliance with all applicable securities laws, title to this Warrant may be transferred by endorsement (by the Holder hereof executing the Form of Assignment attached hereto as EXHIBIT Exhibit "B") and delivery in the same manner as in the case of a negotiable instrument transferable by endorsement and delivery; (b) any person in possession of this Warrant properly endorsed is authorized to represent himself as absolute owner hereof and is empowered to transfer absolute title hereto by endorsement and delivery hereof to a BONA FIDE bona fide purchaser hereof for value; each prior taker or owner waives and renounces all of his equities or rights in this Warrant in favor of each such BONA FIDE bona fide purchaser, and each such BONA FIDE bona fide purchaser shall acquire absolute title hereto and to all rights represented hereby; and (c) until this Warrant is transferred on the books of the Company, the Company may treat the registered Holder hereof as the absolute owner hereof for all purposes, notwithstanding any notice to the contrary.

Negotiability. This Warrant is issued upon the following terms, to all of which each Holder holder or owner hereof by the taking hereof consents and agrees: (a) subject Subject to compliance with all federal and applicable state securities lawslaws and the terms of this Warrant, title to this Warrant may be transferred by endorsement (by the Holder holder hereof executing the Form form of Assignment assignment attached hereto as EXHIBIT "Exhibit B") and delivery in the same manner as in the case of a negotiable instrument transferable by endorsement and delivery; (b) Subject to compliance with federal and applicable state securities laws and the terms of this Warrant, any person in possession of this Warrant properly endorsed is authorized to represent himself as absolute owner hereof and is empowered to transfer absolute title hereto by endorsement and delivery hereof to a BONA FIDE bona fide purchaser hereof for value; each prior taker or owner waives and renounces all of his equities or rights in this Warrant in favor of each such BONA FIDE bona fide purchaser, and each such BONA FIDE bona fide purchaser shall acquire absolute title hereto and to all rights represented hereby; and (c) until Until this Warrant is transferred on the books of the CompanyCorporation, the Company Corporation may treat the registered Holder holder hereof as the absolute owner hereof for all purposes, notwithstanding any notice to the contrary, and any transfer in violation of the terms hereof shall be void and of no effect.

Negotiability. This Warrant is issued upon the following terms, to all of which each Holder holder or owner hereof by the taking hereof consents and agrees: (a) subject to compliance with all applicable securities laws, title to this Warrant may be transferred by endorsement (by the Holder holder hereof executing the Form of Assignment attached hereto as EXHIBIT Exhibit "B") and delivery in the same manner as in the case of a negotiable instrument transferable by endorsement and delivery; (b) any person in possession of this Warrant properly endorsed is authorized to represent himself as absolute owner hereof and is empowered to transfer absolute title hereto by endorsement and delivery hereof to a BONA FIDE purchaser hereof for value; each prior taker or owner waives and renounces all of his equities or rights in this Warrant in favor of each such BONA FIDE purchaser, and each such BONA FIDE purchaser shall acquire absolute title hereto and to all rights represented hereby; and (c) until this Warrant is transferred on the books of the Company, the Company may treat the registered Holder holder hereof as the absolute owner hereof for all purposes, notwithstanding any notice to the contrary.

Negotiability. This Warrant is issued upon the following terms, to all of which each Holder holder or owner hereof by the taking hereof consents and agrees: (a) subject Subject to compliance with all federal and applicable state securities laws, title to this Warrant may be transferred by endorsement (by the Holder holder hereof executing the Form form of Assignment assignment attached hereto as EXHIBIT "Exhibit B") and delivery in the same manner as in the case of a negotiable instrument transferable by endorsement and delivery; (b) Subject to compliance with federal and applicable state securities laws, any person in possession of this Warrant properly endorsed is authorized to represent himself as absolute owner hereof and is empowered to transfer absolute title hereto by endorsement and delivery hereof to a BONA FIDE bona fide purchaser hereof for value; each prior taker or owner waives and renounces all of his equities or rights in this Warrant in favor of each such BONA FIDE bona fide purchaser, and each such BONA FIDE bona fide purchaser shall acquire absolute title hereto and to all rights represented hereby; and (c) until Until this Warrant is transferred on the books of the CompanyCorporation, the Company Corporation may treat the registered Holder holder hereof as the absolute owner hereof for all purposes, notwithstanding any notice to the contrary, and any transfer in violation of the terms hereof shall be void and of no effect.

Negotiability. This Warrant is issued upon the following terms, to all of which each Holder or owner hereof by the taking hereof consents and agrees: (a) subject to compliance with all applicable securities laws, title to this Warrant may be transferred by endorsement (by the Holder hereof executing the Form of Assignment attached hereto as EXHIBIT Exhibit "B") and delivery in the same manner as in the case of a negotiable instrument transferable by endorsement and delivery; (b) any person in possession of this Warrant properly endorsed is authorized to represent himself as absolute owner hereof and is empowered to transfer absolute title hereto by endorsement and delivery hereof to a BONA FIDE purchaser hereof for value; each prior taker or owner waives and renounces all of his equities or rights in this Warrant in favor of each such BONA FIDE purchaser, and each such BONA FIDE purchaser shall acquire absolute title hereto and to all rights represented hereby; and (c) until this Warrant is transferred on the books of the Company, the Company may treat the registered Holder hereof as the absolute owner hereof for all purposes, notwithstanding any notice to the contrary.

Negotiability. This Warrant is issued upon the following terms, to all of which each Holder holder or owner hereof by the taking hereof consents and agrees: (a) subject to compliance with all applicable securities laws, title to this Warrant may be transferred by endorsement (by the Holder holder hereof executing the Form form of Assignment attached hereto as EXHIBIT "B"assignment at the end hereof) and delivery in the same manner as in the case of a negotiable instrument transferable by endorsement and delivery; (b) any person in possession of this Warrant properly endorsed is authorized to represent himself as absolute owner hereof and is empowered to transfer absolute title hereto by endorsement and delivery hereof to a BONA FIDE purchaser hereof for value; each prior taker or owner waives and renounces all of his equities or rights in this Warrant in favor of each such BONA FIDE purchaser, and each such BONA FIDE purchaser shall acquire absolute title hereto and to all rights represented hereby; and (c) until this Warrant is transferred on the books of the Company, the Company may treat the registered Holder holder hereof as the absolute owner hereof for all purposes, notwithstanding any notice to the contrary.

Negotiability. This Warrant is issued upon the following terms, to all of which each Holder holder or owner hereof by the taking hereof of this Warrant consents and agrees: (a) subject Subject to compliance with all federal and applicable state securities laws, title to this Warrant may be transferred by endorsement (by the Holder hereof holder of this Warrant executing the Form form of Assignment assignment attached hereto as EXHIBIT "Exhibit B") and delivery in the same manner as in the case of a negotiable instrument transferable by endorsement and delivery; (b) Subject to compliance with federal and applicable state securities laws, as reasonably determined by counsel to the Corporation, any person in possession of this Warrant properly endorsed is authorized to represent himself as the absolute owner hereof and is empowered to transfer absolute title hereto to this Warrant by endorsement and delivery hereof of this Warrant to a BONA FIDE bona fide purchaser hereof for value; each prior taker or owner waives and renounces all of his equities or rights in this Warrant in favor of each such BONA FIDE bona fide purchaser, and each such BONA FIDE bona fide purchaser shall will acquire absolute title hereto to this Warrant and to all rights represented herebyby this Warrant; and (c) until Until this Warrant is transferred on the books of the CompanyCorporation, the Company Corporation may treat the registered Holder hereof holder of this Warrant as the absolute owner hereof of this Warrant for all purposes, notwithstanding any notice to the contrary.

Negotiability. This Warrant is issued upon the following terms, to all of which each Holder or owner hereof the Holder, by the taking hereof hereof, consents and agrees: (a) this Warrant is subject to compliance with all applicable securities laws, the terms and provisions of the Stock Purchase Agreement; (b) title to this Warrant may be transferred by endorsement (by the Holder hereof executing the Form form of Assignment attached hereto as EXHIBIT "B"assignment at the end hereof) and delivery in the same manner as in the case of a negotiable instrument transferable by endorsement and delivery; (b) delivery and any person in possession of this Warrant properly endorsed is authorized to represent himself as absolute owner hereof and is empowered to transfer absolute title hereto by endorsement and delivery hereof to a BONA FIDE bona fide purchaser hereof for value; each prior taker or owner waives and renounces all of his equities or rights right in this Warrant in favor of each such BONA FIDE bona fide purchaser, and each such BONA FIDE bona fide purchaser shall acquire absolute title hereto and to all rights represented hereby; and; (c) until this Warrant is transferred on the books of the Company, the Company may treat the registered Holder hereof as the absolute owner hereof for all purposes, notwithstanding any notice to the contrary; and (d) the Holder, by its acceptance hereof, represents that it is acquiring this Warrant for investment purposes only and that it does not have any present intention to resell this Warrant or to sell or distribute any Warrant Shares for which this Warrant may be exercised.

Negotiability. This Warrant is issued upon the following terms, to all of which each Holder holder or owner hereof by the taking hereof consents and agrees: (a) subject to compliance with all applicable securities laws, title to this Warrant may be transferred by endorsement (by the Holder holder hereof executing the Form form of Assignment attached hereto as EXHIBIT "B"assignment at the end hereof) and delivery in the same manner as in the case of a negotiable instrument transferable by endorsement and delivery; (b) any person in possession of this Warrant properly endorsed is authorized to represent himself as absolute owner hereof and is empowered to transfer absolute title hereto by endorsement and delivery hereof to a BONA FIDE FIDe purchaser hereof for value; each prior taker or owner waives and renounces all of his equities or rights in this Warrant in favor of each such BONA FIDE purchaser, and each such BONA FIDE purchaser shall acquire absolute title hereto and to all rights represented hereby; and (c) until this Warrant is transferred on the books of the Company, the Company may treat the registered Holder holder hereof as the absolute owner hereof for all purposes, notwithstanding any notice to the contrary.

Negotiability. This Warrant is issued upon the following terms, to all of which each Holder or owner hereof the Holder, by the taking hereof hereof, consents and agrees: (a) subject to compliance with all applicable securities laws, title to this Warrant may be transferred by endorsement (by the Holder hereof executing the Form form of Assignment attached hereto as EXHIBIT "B"assignment at the end hereof) and delivery in the same manner as in the case of a negotiable instrument transferable by endorsement and delivery; (b) delivery and any person in possession of this Warrant properly endorsed is authorized to represent himself as absolute owner hereof and is empowered to transfer absolute title hereto by endorsement and delivery hereof to a BONA FIDE bona fide purchaser hereof for value; each prior taker or owner waives and renounces all of his equities or rights right in this Warrant in favor of each such BONA FIDE bona fide purchaser, and each such BONA FIDE bona fide purchaser shall acquire absolute title hereto and to all rights represented hereby; and; (cb) until this Warrant is transferred on the books of the Company, the Company may treat the registered Holder hereof as the absolute owner hereof for all purposes, notwithstanding any notice to the contrary; and (c) the Holder, by its acceptance hereof, represents that it is acquiring this Warrant for investment purposes only and that it does not have any present intention to resell this Warrant or to sell or distribute any Warrant Shares for which this Warrant may be exercised.

Negotiability. This Warrant is issued upon the following terms, to all of which each Holder holder or owner hereof by the taking hereof consents and agrees: (a) subject Subject to compliance with all federal and applicable state securities laws, title to this Warrant may be transferred by endorsement (by the Holder holder hereof executing the Form form of Assignment assignment attached hereto as EXHIBIT "B") and delivery in the same manner as in the case of a negotiable instrument transferable by endorsement and delivery; (b) Subject to compliance with federal and applicable state securities laws, any person in possession of this Warrant properly endorsed is authorized to represent himself as absolute owner hereof and is empowered to transfer absolute title hereto by endorsement and delivery hereof to a BONA FIDE bona fide purchaser hereof for value; each prior taker or owner waives and renounces all of his equities or rights in this Warrant in favor of each such BONA FIDE bona fide purchaser, and each such BONA FIDE bona fide purchaser shall acquire absolute title hereto and to all rights represented hereby; and (c) until Until this Warrant is transferred on the books of the CompanyCorporation, the Company Corporation may treat the registered Holder holder hereof as the absolute owner hereof for all purposes, notwithstanding any notice to the contrary, and any transfer in violation of the terms hereof shall be void and of no effect.

Negotiability. This Warrant is issued upon the following terms, to all of which each Holder or owner hereof the Holder, by the taking hereof hereof, consents and agrees: (a) this Warrant is subject to compliance with all applicable securities laws, the terms and provisions of the Stock Purchase Agreement; (b) title to this Warrant may be transferred by endorsement (by the Holder hereof executing the Form form of Assignment attached hereto as EXHIBIT "B") assignment at the end hereof} and delivery in the same manner as in the case of a negotiable instrument transferable by endorsement and delivery; (b) delivery and any person in possession of this Warrant properly endorsed is authorized to represent himself as absolute owner hereof and is empowered to transfer absolute title hereto by endorsement and delivery hereof to a BONA FIDE bona fide purchaser hereof for value; each prior taker or owner waives and renounces all of his equities or rights right in this Warrant in favor of each such BONA FIDE bona fide purchaser, and each such BONA FIDE bona fide purchaser shall acquire absolute title hereto and to all rights represented hereby; and; (c) until this Warrant is transferred on the books of the Company, the Company may treat the registered Holder hereof as the absolute owner hereof for all purposes, notwithstanding any notice to the contrary; and (d) the Holder, by its acceptance hereof, represents that it is acquiring this Warrant, for investment purposes only and that it does not have any present intention to resell this Warrant or to sell or distribute any Warrant Shares for which this Warrant may be exercised.

Negotiability. This Warrant is issued upon the following terms, to all of which each Holder holder or owner hereof by the taking hereof consents and agrees: (a) subject to compliance with all applicable securities laws, title to this Warrant may be transferred by endorsement (by the Holder hereof executing the Form of Assignment attached hereto as EXHIBIT "B") and delivery in the same manner as in the case of a negotiable instrument transferable by endorsement and delivery;. (b) any person in possession of this Warrant properly endorsed is authorized to represent himself as absolute owner hereof and is empowered to transfer absolute title hereto by endorsement and delivery hereof to a BONA FIDE bona fide purchaser hereof for value; each prior taker or owner waives and renounces all of his equities or rights in this Warrant in favor of each such BONA FIDE purchaser, bona fide purchaser and each such BONA FIDE bona fide purchaser shall acquire absolute title hereto and to all rights represented hereby; and; (c) until this Warrant is transferred on the books of the Company, the Company may treat the registered Holder holder hereof as the absolute owner hereof for all purposes, notwithstanding any notice to the contrary; and (d) notwithstanding the foregoing, this Warrant may not be sold, transferred or assigned except pursuant to an effective registration statement under the Securities Act or pursuant to an applicable exemption therefrom.

Negotiability. This Warrant is issued upon the following terms, to all of which each Holder or owner hereof the Holder, by the taking hereof hereof, consents and agrees: (a) this Warrant is subject to compliance with all applicable securities laws, the terms and provisions of the Stock Purchase Agreement; (b) title to this Warrant may be transferred by endorsement (by the Holder hereof executing the Form form of Assignment attached hereto as EXHIBIT "B"assignment at the end hereof) and delivery in the same manner as in the case of a negotiable instrument transferable by endorsement and delivery; (b) delivery and any person in possession of this Warrant properly endorsed is authorized to represent himself as absolute owner hereof and is empowered to transfer absolute title hereto by endorsement and delivery hereof to a BONA FIDE bona fide purchaser hereof for value; each prior taker or owner waives and renounces all of his equities or rights right in this Warrant in favor of each such BONA FIDE bona fide purchaser, and each such BONA FIDE bona fide purchaser shall acquire absolute title hereto and to all rights represented hereby; and; (c) until this Warrant is transferred on the books of the Company, the Company may treat the registered Holder hereof as the absolute owner hereof for all purposes, notwithstanding any notice to the contrary.; and (d) the Holder, by its acceptance hereof, represents that it is acquiring this Warrant for investment purposes only and that it does not have any present intention to resell this Warrant or to sell or distribute any Warrant Shares for which this Warrant may be exercised. 7 27

Negotiability. This Warrant is issued upon the following terms, to all of which each Holder or owner hereof by the taking hereof consents and agrees: (a) subject to compliance with all applicable securities laws, title to this Warrant may be transferred by endorsement (by the Holder hereof executing the Form of Assignment attached hereto as EXHIBIT Exhibit "B") and delivery in the same manner as in the case of a negotiable instrument transferable by endorsement and delivery; (b) any person in possession of this Warrant properly endorsed is authorized to represent himself as absolute owner hereof and is empowered to transfer absolute title hereto by endorsement and delivery hereof to a BONA FIDE FIDe purchaser hereof for value; each prior taker or owner waives and renounces all of his equities or rights in this Warrant in favor of each such BONA FIDE purchaser, and each such BONA FIDE purchaser shall acquire absolute title hereto and to all rights represented hereby; and (c) until this Warrant is transferred on the books of the Company, the Company may treat the registered Holder hereof as the absolute owner hereof for all purposes, notwithstanding any notice to the contrary.