Common use of SUBSCRIPTION NOTICE Clause in Contracts

SUBSCRIPTION NOTICE. (To be executed by the Registered Holder if Holder desires to exercise the Warrant) TO: PRESIDENTIAL REALTY CORPORATION The undersigned Holder hereby exercises its right to purchase ________ Warrant Shares covered by the attached Warrant in accordance with the terms and conditions thereof. The Holder intends that payment of the Exercise Price shall be made as (check one):

SUBSCRIPTION NOTICE. (To be executed by the Registered Holder if Holder desires to exercise the Warrant) TO: PRESIDENTIAL REALTY CORPORATION The undersigned Holder hereby exercises its right to purchase ________ Warrant Shares covered by the attached Warrant in accordance with the terms and conditions thereof. The Holder intends that payment of the Exercise Price shall be made as (check one):): [ ] “Cash Exercise” under Section 11(i)(B)