Common use of Partial Exercise of Warrants Clause in Contracts

Partial Exercise of Warrants. Subject to the issuance of __________________ in authorized denominations only, the Registered Owner of any Warrant may purchase _________________ in an amount less than that which such Registered Owner is entitled to purchase pursuant to the surrendered Warrant. In the event of any purchase of an amount of __________________ less than the amount which can be purchased pursuant to a Warrant, the Registered Owner thereof upon exercise thereof prior to the Expiration Time shall, in addition, be entitled to receive forthwith a new Warrant in respect of the balance of the __________________ which such Registered Owner was entitled to purchase pursuant to the surrendered Warrant and which were not then exercised. The Company shall not be responsible for any taxes which may be payable in connection with the issuance of such new Warrant.

Partial Exercise of Warrants. Subject to the issuance of __________________ in authorized denominations only, the Registered Owner of any Warrant may purchase _________________ _] in an amount less than that which such Registered Owner is entitled to purchase pursuant to the surrendered Warrant. In the event of any purchase of an amount of __________________ less than the amount which can be purchased pursuant to a Warrant, the Registered Owner thereof upon exercise thereof prior to the Expiration Time of Expiry shall, in addition, be entitled to receive forthwith a new Warrant in respect of the balance of the __________________ which such Registered Owner was entitled to purchase pursuant to the surrendered Warrant and which were not then exercised. The Company shall not be responsible for any taxes which may be payable in connection with the issuance of such new Warrant.

Partial Exercise of Warrants. Subject to the issuance of __________________ in authorized denominations only, the Registered Owner of any Warrant may purchase _________________ _] in an amount less than that which such Registered Owner is entitled to purchase pursuant to the surrendered Warrant. In the event of any purchase of an amount of __________________ less than the amount which can be purchased pursuant to a Warrant, the Registered Owner thereof upon exercise thereof prior to the Expiration Time of Expiry shall, in addition, be entitled to receive forthwith a new Warrant in respect of the balance of the principal amount of __________________ which such Registered Owner was entitled to purchase pursuant to the surrendered Warrant and which were not then exercised. The Company shall not be responsible for any taxes which may be payable in connection with the issuance of such new Warrant.