Common use of Procedure for Exercise of Warrant Clause in Contracts

Procedure for Exercise of Warrant. Holder may opinion from counsel in form and substance exercise this Warrant by delivering the following satisfactory to the Company stating that such to the principal office of the Company in transfer is being made in compliance with all accordance with Section 5.1 hereof: (i) a duly applicable federal and state securities laws. executed Notice of Exercise in substantially the form attached as Schedule A, (ii) payment of the Any certificate issued at any time in exchange or Warrant Price then in effect for each of the substitution for any certificate bearing such Shares being purchased, as designated in the legend shall also bear such legend unless, in the Notice of Exercise, and (iii) this Warrant. opinion of counsel for the Holder thereof (which Payment of the Warrant Price may be in cash, counsel shall be reasonably satisfactory to the certified or official bank check payable to the Company), the securities represented thereby are order of the Company, or wire transfer of funds to not, at such time, required by law to bear such the Company's account (or any combination of any legend. of the foregoing) in the amount of the Warrant Price for each share being purchased.