Common use of Other Holders Clause in Contracts

Other Holders. The Warrants are issued upon the following terms, to all of which each Holder or owner thereof by the taking thereof consents and agrees: (a) any person who shall become a transferee, within the limitations on transfer imposed by Section 3(a) hereof, of a Warrant properly endorsed, shall take such Warrant subject to the provisions of Sections 3(a) and 3(b) hereof and thereupon shall be authorized to represent that such transferee is the absolute owner thereof and, subject to the restrictions contained in this Warrant Agreement, shall be empowered to transfer absolute title by endorsement and delivery thereof to a permitted bona fide purchaser for value; and (b) each prior taker or owner waives and renounces all equities or rights in such Warrant in favor of each such permitted bona fide purchaser, and each such permitted bona fide purchaser shall acquire absolute title thereto and to all rights presented thereby; and (c) until such time as the respective Warrant is transferred on the books of the Company, the Company may treat the registered Holder thereof as the absolute owner thereof for all purposes, notwithstanding any notice to the contrary.

Other Holders. The Underwriters' Warrants are issued upon the following terms, to all of which each Holder holder or owner thereof by the taking thereof consents and agreesagrees as follows: (a) any person who shall become a transferee, within the limitations on transfer imposed by Section Subsection 3(a) hereof, of a an Underwriters' Warrant properly endorsed, endorsed shall take such Underwriters' Warrant subject to the provisions of Sections Subsection 3(a) and 3(b) hereof and thereupon shall be authorized to represent that such transferee is the himself as absolute owner thereof and, subject to the restrictions contained in this Warrant Agreement, shall be empowered to transfer absolute title by endorsement and delivery thereof to a permitted bona fide purchaser for value; and (b) each prior taker or owner waives and renounces all of his equities or rights in such Underwriters' Warrant in favor of each such permitted bona fide purchaser, and each such permitted bona fide purchaser shall acquire absolute title thereto and to all rights presented thereby; and (c) until such time as the respective Underwriters' Warrant is transferred on the books of the Company, the Company may treat the registered Holder holder thereof as the absolute owner thereof for all purposes, notwithstanding any notice to the contrarycontrary and (d) all references to the word "you" in this Agreement shall be deemed to apply with equal effect to any person to whom an Underwriters' Warrant Certificate or Certificates have been transferred in accordance with the terms hereof, and where appropriate, to any person holding Units, Redeemable Warrants or shares of the Underlying Common Stock.

Other Holders. The Representative's Warrants are issued upon the following terms, to all of which each Holder holder or owner thereof by the taking thereof consents and agreesagrees as follows: (a) any person who shall become a transferee, within the limitations on transfer imposed by Section 3(a) hereof, of a Representative's Warrant properly endorsed, endorsed shall take such Representative's Warrant subject to the provisions of Sections Section 3(a) and 3(b) hereof and thereupon shall be authorized to represent that such transferee is the himself as absolute owner thereof and, subject to the restrictions contained in this Warrant Agreement, shall be empowered to transfer absolute title by endorsement and delivery thereof to a permitted bona fide purchaser for value; and (b) each prior taker or owner waives and renounces all of his equities or rights in such Representative's Warrant in favor of each such permitted bona fide purchaser, and each such permitted bona fide purchaser shall acquire absolute title thereto and to all rights presented thereby; and (c) until such time as the respective Representative's Warrant is transferred on the books of the Company, the Company may treat the registered Holder holder thereof as the absolute owner thereof for all purposes, notwithstanding any notice to the contrarycontrary and (d) all references to the word "you" in this Warrant Agreement shall be deemed to apply with equal effect to any person to whom a Warrant Certificate or Certificates have been transferred in accordance with the terms hereof, and where appropriate, to any person holding the Underlying Securities.

Other Holders. The Representatives' Warrants are issued upon the following terms, to all of which each Holder holder or owner thereof by the taking thereof consents and agreesagrees as follows: (a) any person who shall become a transferee, within the limitations on transfer imposed by Section 3(a) hereof, of a Representatives' Warrant properly endorsed, endorsed shall take such Representatives' Warrant subject to the provisions of Sections Section 3(a) and 3(b) hereof and thereupon shall be authorized to represent that such transferee is the himself as absolute owner thereof and, subject to the restrictions contained in this Warrant Agreement, shall be empowered to transfer absolute title by endorsement and delivery thereof to a permitted bona fide purchaser for value; and (b) each prior taker or owner waives and renounces all of his equities or rights in such Representatives' Warrant in favor of each such permitted bona fide purchaser, and each such permitted bona fide purchaser shall acquire absolute title thereto and to all rights presented thereby; and (c) until such time as the respective Representatives' Warrant is transferred on the books of the Company, the Company may treat the registered Holder holder thereof as the absolute owner thereof for all purposes, notwithstanding any notice to the contrarycontrary and (d) all references to the word "you" in this Warrant Agreement shall be deemed to apply with equal effect to any person to whom a Warrant Certificate or Certificates have been transferred in accordance with the terms hereof, and where appropriate, to any person holding shares of the Underlying Stock.

Other Holders. The Representative's Warrants are issued upon the following terms, to all of which each Holder holder or owner thereof by the taking thereof consents and agreesagrees as follows: (a) any person who shall become a transferee, within the limitations on transfer imposed by Section 3(a) hereof, of a Warrant the Representative's Warrants properly endorsed, endorsed shall take such Warrant Representative's Warrants subject to the provisions of Sections Section 3(a) and 3(b) hereof and thereupon shall be authorized to represent that such transferee is the himself as absolute owner thereof and, subject to the restrictions contained in this Warrant Agreement, shall be empowered to transfer absolute title by endorsement and delivery thereof to a permitted bona fide purchaser for value; and (b) each prior taker or owner waives and renounces all of his equities or rights in such Warrant Representative's Warrants in favor of each such permitted bona fide purchaser, and each such permitted bona fide purchaser shall acquire absolute title thereto and to all rights presented thereby; and (c) until such time as the respective Warrant Representative's Warrants is transferred on the books of the Company, the Company may treat the registered Holder holder thereof as the absolute owner thereof for all purposes, notwithstanding any notice to the contrarycontrary and (d) all references to the word "you" in this Warrant Agreement shall be deemed to apply with equal effect to any person to whom a Warrant Certificate or Certificates have been transferred in accordance with the terms hereof, and where appropriate, to any person holding the Underlying Securities.

Other Holders. The Underwriter Warrants are issued upon the following terms, to all of which each Holder holder or owner thereof by the taking thereof consents and agreesagrees as follows: (a) any person who shall become a transferee, within the limitations on transfer imposed by Section 3(a) hereof, of a Warrant an Underwriter War-rant properly endorsed, endorsed shall take such Underwriter Warrant subject to the provisions of Sections Section 3(a) and 3(b) hereof and thereupon shall be authorized to represent that such transferee is the himself as absolute owner thereof and, subject to the restrictions contained in this Warrant Agreement, Agreement shall be empowered to transfer absolute title by endorsement and delivery thereof to a permitted bona fide purchaser for value; and (b) each prior taker or owner waives and renounces all of his equities or rights in such Underwriter Warrant in favor of each such permitted bona fide purchaser, and each such permitted bona fide purchaser shall acquire absolute title thereto and to all rights presented thereby; and (c) until such time as the respective Underwriter Warrant is transferred on the books of the Company, the Company may treat the registered Holder holder thereof as the absolute owner thereof for all purposes, notwithstanding any notice to the contrary; and (d) all references to the word "you" in this Warrant Agreement shall be deemed to apply with equal effect to any person to whom a Warrant Certificate or Certificates have been transferred in accordance with the terms hereof, and where appropriate, to any person holding shares of the Underlying Stock.

Other Holders. The Underwriter Warrants are issued upon the following terms, to all of which each Holder holder or owner thereof by the taking thereof consents and agreesagrees as follows: (a) any person who shall become a transferee, within the limitations on transfer imposed by Section 3(a) hereof, of a an Underwriter Warrant properly endorsed, endorsed shall take such Underwriter Warrant subject to the provisions of Sections Section 3(a) and 3(b) hereof and thereupon shall be authorized to represent that such transferee is the himself as absolute owner thereof and, subject to the restrictions contained in this Warrant Agreement, shall be empowered to transfer absolute title by endorsement and delivery thereof to a permitted bona fide purchaser for value; and (b) each prior taker or owner waives and renounces all of his equities or rights in such Underwriter Warrant in favor of each such permitted bona fide purchaser, and each such permitted bona fide purchaser shall acquire absolute title thereto and to all rights presented thereby; and (c) until such time as the respective Underwriter Warrant is transferred on the books of the Company, the Company may treat the registered Holder holder thereof as the absolute owner thereof for all purposes, notwithstanding any notice to the contrarycontrary and (d) all references to the word "you" in this Warrant Agreement shall be deemed to apply with equal effect to any person to whom a Warrant Certificate or Certificates have been transferred in accordance with the terms hereof, and where appropriate, to any person holding shares of the Underlying Stock.

Other Holders. The Representatives' Warrants are issued upon the following terms, to all of which each Holder holder or owner thereof by the taking thereof consents and agreesagrees as follows: (a) any person who shall become a transferee, within the limitations on transfer imposed by Section 3(a) hereof, of a Warrant the Representatives' Warrants properly endorsed, endorsed shall take such Warrant Representatives' Warrants subject to the provisions of Sections Section 3(a) and 3(b) hereof and thereupon shall be authorized to represent that such transferee is the himself as absolute owner thereof and, subject to the restrictions contained in this Warrant Agreement, shall be empowered to transfer absolute title by endorsement and delivery thereof to a permitted bona fide purchaser for value; and (b) each prior taker or owner waives and renounces all of his equities or rights in such Warrant Representatives' Warrants in favor of each such permitted bona fide purchaser, and each such permitted bona fide purchaser shall acquire absolute title thereto and to all rights presented thereby; and (c) until such time as the respective Warrant Representatives' Warrants is transferred on the books of the Company, the Company may treat the registered Holder holder thereof as the absolute owner thereof for all purposes, notwithstanding any notice to the contrarycontrary and (d) all references to the word "you" in this Warrant Agreement shall be deemed to apply with equal effect to any person to whom a Warrant Certificate or Certificates have been transferred in accordance with the terms hereof, and where appropriate, to any person holding the Underlying Securities.

Other Holders. The Underwriter Warrants are issued upon the following terms, to all of which each Holder holder or owner thereof by the taking thereof consents and agreesagrees as follows: (a) any person who shall become a transferee, within the limitations on transfer imposed by Section 3(a) hereof, of a an Underwriter Warrant properly endorsed, endorsed shall take such Underwriter Warrant subject to the provisions of Sections Section 3(a) and 3(b) hereof and thereupon shall be authorized to represent that such transferee is the himself as absolute owner thereof and, subject to the restrictions contained in this Warrant Agreement, shall be empowered to transfer absolute title by endorsement and delivery thereof to a permitted bona fide purchaser for value; and (b) each prior taker or owner waives and renounces all of his equities or rights in such Underwriter Warrant in favor of each such permitted bona fide purchaser, and each such permitted bona fide purchaser shall acquire absolute title thereto and to all rights presented thereby; and (c) until such time as the respective Underwriter Warrant is transferred on the books of the Company, the Company may treat the registered Holder holder thereof as the absolute owner thereof for all purposes, notwithstanding any notice to the contrary.contrary and (d) all references to the word "you" in this Warrant Agreement shall be deemed to apply with equal effect to any person to whom a Warrant Certificate or Certificates have been transferred in accordance with the terms hereof, and where appropriate, to any person holding shares of the Underlying Stock. Warrant Agreement 26047_1 - 75205/00002 10

Other Holders. The Underwriter Warrants are issued upon the following terms, to all of which each Holder holder or owner thereof by the taking thereof consents and agreesagrees as follows: (a) any person who shall become a transferee, within the limitations on transfer imposed by Section Subsection 3(a) hereof, of a an Underwriter Warrant properly endorsed, endorsed shall take such Underwriter Warrant subject to the provisions of Sections Subsection 3(a) and 3(b) hereof and thereupon shall be authorized to represent that such transferee is the himself as absolute owner thereof and, subject to the restrictions contained in this Warrant Agreement, shall be empowered to transfer absolute title by endorsement and delivery thereof to a permitted bona fide purchaser for value; and (b) each prior taker or owner waives and renounces all of his equities or rights in such Underwriter Warrant in favor of each such permitted bona fide purchaser, and each such permitted bona fide purchaser shall acquire absolute title thereto and to all rights presented thereby; and (c) until such time as the respective Underwriter Warrant is transferred on the books of the Company, the Company may treat the registered Holder holder thereof as the absolute owner thereof for all purposes, notwithstanding any notice to the contrarycontrary and (d) all references to the word "you" in this Agreement shall be deemed to apply with equal effect to any person to whom a Warrant Certificate or Certificates have been transferred in accordance with the terms hereof, and where appropriate, to any person holding Units, Underlying Securities or Warrant Stock.

Other Holders. The Underwriter Warrants are issued upon the following terms, to all of which each Holder holder or owner thereof by the taking thereof consents and agreesagrees as follows: (a) any person who shall become a transferee, within the limitations on transfer imposed by Section Subsection 3(a) hereof, of a Warrant properly endorsed, endorsed shall take such Warrant subject to the provisions of Sections Subsection 3(a) and 3(b) hereof and thereupon shall be authorized to represent that such transferee is the himself as absolute owner thereof and, subject to the restrictions contained in this Warrant Agreement, shall be empowered to transfer absolute title by endorsement and delivery thereof to a permitted bona fide purchaser for value; and (b) each prior taker or owner waives and renounces all of his equities or rights in such Warrant in favor of each such permitted bona fide purchaser, and each such permitted bona fide purchaser shall acquire absolute title thereto and to all rights presented thereby; and (c) until such time as the respective Warrant is transferred on the books of the Company, the Company may treat the registered Holder holder thereof as the absolute owner thereof for all purposes, notwithstanding any notice to the contrarycontrary and (d) all references to the word "you" in this Warrant Agreement shall be deemed to apply with equal effect to any person to whom a Warrant Certificate or Certificates have been transferred in accordance with the terms hereof, and where appropriate, to any person holding Units, Warrants or shares of the Underlying Common Stock.

Other Holders. The Warrants are issued upon the following terms, to all of which each Holder or owner thereof by the taking thereof consents and agrees:by (a) any person who shall become a transferee, within the limitations on transfer imposed by Section 3(a) hereof, of a Warrant properly endorsed, shall take such Warrant subject to the provisions of Sections 3(a) and 3(b) hereof and thereupon shall be authorized to represent that such transferee is the absolute owner thereof and, subject to the restrictions contained in this Warrant Agreement, shall be empowered to transfer absolute title by endorsement and delivery thereof to a permitted bona fide purchaser for value; and (b) each prior taker or owner waives and renounces all equities or rights in such Warrant in favor of each such permitted bona fide purchaser, and each such permitted bona fide purchaser shall acquire absolute title thereto and to all rights presented thereby; and (c) until such time as the respective Warrant is transferred on the books of the Company, the Company may treat the registered Holder thereof as the absolute owner thereof for all purposes, notwithstanding any notice to the contrary.

Other Holders. The Representative's Warrants are issued upon the following terms, to all of which each Holder holder or owner thereof by the taking thereof consents and agreesagrees as follows: (a) any person who shall become a transferee, within the limitations on transfer imposed by Section 3(a) hereof, of a Warrant the Representative's Warrants properly endorsed, endorsed shall take such Warrant Representative's Warrants subject to the provisions of Sections Section 3(a) and 3(b) hereof and thereupon shall be authorized to represent that such transferee is the himself as absolute owner thereof and, subject to the restrictions contained in this Warrant Agreement, shall be empowered to transfer absolute title by endorsement and delivery thereof to a permitted bona fide purchaser for value; and (b) each prior taker or owner waives and renounces all of his equities or rights in such Warrant Representative's Warrants in favor of each such permitted bona fide purchaser, and each such permitted bona fide purchaser shall acquire absolute title thereto and to all rights presented thereby; and (c) until such time as the respective Warrant Representative's Warrants is transferred on the books of the Company, the Company may treat the registered Holder holder thereof as the absolute owner thereof for all purposes, notwithstanding any notice to the contrarycontrary and (d) all references to the word "you" in this Representative's Warrant Agreement shall be deemed to apply with equal effect to any person to whom a Warrant Certificate or Certificates have been transferred in accordance with the terms hereof, and where appropriate, to any person holding the Underlying Securities.

Other Holders. The Warrants are issued upon the following terms, to all of which each Holder or owner thereof by the taking thereof consents and agrees: (a) any person who shall become becomes a transferee, within the limitations on transfer imposed by Section 3(a) hereofabove, of a Warrant properly endorsed, shall must take such that Warrant subject to the provisions of Sections 3(a) and 3(b) hereof above and thereupon shall will be (x) authorized to represent that such transferee is the absolute owner thereof and, subject to the restrictions contained in this Warrant Agreement, shall be Agreement and (y) empowered to transfer absolute title by endorsement and delivery thereof to a permitted bona fide purchaser for value; and (b) each prior taker or owner waives and renounces all equities or rights in such Warrant in favor of each such permitted bona fide purchaser, and each such permitted bona fide purchaser shall will acquire absolute title thereto and to all rights presented thereby; and (c) until such time as the respective Warrant is transferred on the books of the Company, absent bad faith, the Company may treat the registered Holder thereof as the absolute owner thereof for all purposes, notwithstanding any notice to the contrary.

Other Holders. The Representative's Warrants are issued upon the following terms, to all of which each Holder holder or owner thereof by the taking thereof consents and agreesagrees as follows: (a) any person who shall become a transferee, within the limitations on transfer imposed by Section 3(a) hereof, of a Representative's Warrant properly endorsed, endorsed shall take such Representative's Warrant subject to the provisions of Sections Section 3(a) and 3(b) hereof and thereupon shall be authorized to represent that such transferee is the himself as absolute owner thereof and, subject to the restrictions contained in this Warrant Agreement, shall be empowered to transfer absolute title by endorsement and delivery thereof to a permitted bona fide purchaser for value; and (b) each prior taker or owner waives and renounces all of his equities or rights in such Representative's Warrant in favor of each such permitted bona fide purchaser, and each such permitted bona fide purchaser shall acquire absolute title thereto and to all rights presented thereby; and (c) until such time as the respective Representative's Warrant is transferred on the books of the Company, the Company may treat the registered Holder holder thereof as the absolute owner thereof for all purposes, notwithstanding any notice to the contrarycontrary and (d) all references to the word "you" in this Warrant Agreement shall be deemed to apply with equal effect to any person to whom a Warrant Certificate or Certificates have been transferred in accordance with the terms hereof, and where appropriate, to any person holding shares of the Underlying Stock.

Other Holders. The Warrants are issued upon the following terms, to all of which each Holder or owner thereof by the taking thereof consents and agreesagrees as follows: (a) any person who shall become a transferee, within the limitations on transfer imposed by Section 3(a) hereof, of a Warrant properly endorsed, shall take such Warrant subject to the provisions of Sections 3(a) and 3(b) hereof and thereupon shall be authorized to represent that such transferee is the absolute owner thereof and, subject to the restrictions contained in this Warrant Agreement, shall be empowered to transfer absolute title by endorsement and delivery thereof to a permitted bona fide purchaser for value; and (b) each prior taker or owner waives and renounces all equities or rights in such Warrant in favor of each such permitted bona fide purchaser, and each such permitted bona fide purchaser shall acquire absolute title thereto and to all rights presented thereby; and (c) until such time as the respective Warrant is transferred on the books of the Company, the Company may treat the registered Holder thereof as the absolute owner thereof for all purposes, notwithstanding any notice to the contrary.

Other Holders. The Xxxxx'x Warrants are issued upon the following terms, to all of which each Holder holder or owner thereof by the taking thereof consents and agreesagrees as follows: (a) any person who shall become a transferee, within the limitations on transfer imposed by Section 3(a) hereof, of a Warrant the Xxxxx'x Warrants properly endorsed, endorsed shall take such Warrant Xxxxx'x Warrants subject to the provisions of Sections Section 3(a) and 3(b) hereof and thereupon shall be authorized to represent that such transferee is the himself as absolute owner thereof and, subject to the restrictions contained in this Warrant Agreement, shall be empowered to transfer absolute title by endorsement and delivery thereof to a permitted bona fide purchaser for value; and (b) each prior taker or owner waives and renounces all of his equities or rights in such Warrant Xxxxx'x Warrants in favor of each such permitted bona fide purchaser, and each such permitted bona fide purchaser shall acquire absolute title thereto and to all rights presented thereby; and (c) until such time as the respective Warrant Xxxxx'x Warrants is transferred on the books of the Company, the Company may treat the registered Holder holder thereof as the absolute owner thereof for all purposes, notwithstanding any notice to the contrarycontrary and (d) all references to the word "you" in this Warrant Agreement shall be deemed to apply with equal effect to any person to whom a Warrant Certificate or Certificates have been transferred in accordance with the terms hereof, and where appropriate, to any person holding the Underlying Securities.

Other Holders. The Underwriter Warrants are issued upon the following terms, to all of which each Holder holder or owner thereof by the taking thereof consents and agreesagrees as follows: (a) any person who shall become a transferee, within the limitations on transfer imposed by Section Subsection 3(a) hereof, of a an Underwriter Warrant properly endorsed, endorsed shall take such Underwriter Warrant subject to the provisions of Sections Subsection 3(a) and 3(b) hereof and thereupon shall be authorized to represent that such transferee is the himself as absolute owner thereof and, subject to the restrictions contained in this Warrant Agreement, shall be empowered to transfer absolute title by endorsement and delivery thereof to a permitted bona fide purchaser for value; and (b) each prior taker or owner waives and renounces all of his equities or rights in such Underwriter Warrant in favor of each such permitted bona fide purchaser, and each such permitted bona fide purchaser shall acquire absolute title thereto and to all rights presented thereby; and (c) until such time as the respective Underwriter Warrant is transferred on the books of the Company, the Company may treat the registered Holder holder thereof as the absolute owner thereof for all purposes, notwithstanding any notice to the contrarycontrary and (d) all references to the word "you" in this Agreement shall be deemed to apply with equal effect to any person to whom a Warrant Certificate or Certificates have been transferred in accordance with the terms hereof, and where appropriate, to any person holding shares of Preferred Stock or Warrants, Underlying Securities or Warrant Stock.

Other Holders. The Representative's Warrants are issued upon the following terms, to all of which each Holder holder or owner thereof by the taking thereof consents and agreesagrees as follows: (a) any person who shall become a transferee, within the limitations on transfer imposed by Section 3(a) hereof, of a Representative's Warrant properly endorsed, endorsed shall take such Representative's Warrant subject to the provisions of Sections Section 3(a) and 3(b) hereof and thereupon shall be authorized to represent that such transferee is the himself as absolute owner thereof and, subject to the restrictions contained in this Warrant Agreement, shall be empowered to transfer absolute title by endorsement and delivery thereof to a permitted bona fide purchaser for value; and (b) each prior taker or owner waives and renounces all of his equities or rights in such Representative's Warrant in favor of each such permitted bona fide purchaser, and each such permitted bona fide purchaser shall acquire absolute title thereto and to all rights presented thereby; and (c) until such time as the respective Representative's Warrant is transferred on the books of the Company, the Company may treat the registered Holder holder thereof as the absolute owner thereof for all purposes, notwithstanding any notice to the contrarycontrary and (d) all references to the word "you" in this Warrant Agreement shall be deemed to apply with equal effect to any person to whom a Warrant Certificate or Certificates have been transferred in accordance with the terms hereof, and where appropriate, to any person holding Warrant Securities.

Other Holders. The Warrants are issued upon the following terms, to all of which each Holder or owner thereof by the taking thereof consents and agrees: (a) any person who shall become a transferee, within the limitations on transfer imposed by Section 3(a) hereof, of a Warrant properly endorsed, shall must take such Warrant subject to the provisions of Sections 3(a) and 3(b) hereof and thereupon shall will be authorized to represent that such transferee is the absolute owner thereof and, subject to the restrictions contained in this Warrant Agreement, shall will be empowered to transfer absolute title by endorsement and delivery thereof to a permitted bona fide BONA FIDE purchaser for value; and (b) each prior taker or owner waives and renounces all equities or rights in such Warrant in favor of each such permitted bona fide BONA FIDE purchaser, and each such permitted bona fide BONA FIDE purchaser shall will acquire absolute title thereto and to all rights presented thereby; and (c) until such time as the respective Warrant is transferred on the books of the Company, the Company may treat the registered Holder thereof as the absolute owner thereof for all purposes, notwithstanding any notice to the contrary.

Other Holders. The Representative=s Warrants are issued upon the following terms, to all of which each Holder holder or owner thereof by the taking thereof consents and agreesagrees as follows: (a) any person who shall become a transferee, within the limitations on transfer imposed by Section 3(a) hereof, of a Representative=s Warrant properly endorsed, endorsed shall take such Representative=s Warrant subject to the provisions of Sections Section 3(a) and 3(b) hereof and thereupon shall be authorized to represent that such transferee is the himself as absolute owner thereof and, subject to the restrictions contained in this Warrant Agreement, shall be empowered to transfer absolute title by endorsement and delivery thereof to a permitted bona fide purchaser for value; and (b) each prior taker or owner waives and renounces all of his equities or rights in such Representative=s Warrant in favor of each such permitted bona fide purchaser, and each such permitted bona fide purchaser shall acquire absolute title thereto and to all rights presented thereby; and (c) until such time as the respective Representative=s Warrant is transferred on the books of the Company, the Company may treat the registered Holder holder thereof as the absolute owner thereof for all purposes, notwithstanding any notice to the contrarycontrary and (d) all references to the word Ayou@ in this Warrant Agreement shall be deemed to apply with equal effect to any person to whom a Warrant Certificate or Certificates have been transferred in accordance with the terms hereof, and where appropriate, to any person holding shares of the Underlying Stock Securities.