Common use of Outstanding Warrants and Options Clause in Contracts

Outstanding Warrants and Options. Duratech has not issued any warrants or options, calls, or commitments of any nature relating to its share capital, other than those set forth on the list attached as Exhibit A. Duratech shall use its best efforts to effect a rollover of such options into the equivalent value of options of UpSnap at or prior to the Closing subject t approval by the board of directors of UpSnap. If a rollover cannot be accomplished, the options will be cashed out by Duratech prior to Closing. None of the Duratech Subsidiaries has any issued warrants or options, calls, or commitments of any nature relating to its share capital.