Common use of Transfer of Warrant and Warrant Shares Clause in Contracts

Transfer of Warrant and Warrant Shares. The Holder may sell, pledge, hypothecate, or otherwise transfer (“Transfer”) this Warrant, in whole or in part, only if such sale, pledge, hypothecation, or transfer is made in compliance with the Act or pursuant to an available exemption from registration under the Act relating to the disposition of securities. Subject to the preceding sentence, the Company agrees to issue to any successor or transferee of Holder a new Warrant or Warrants of like tenor promptly upon receipt of Holder’s notice of any such Transfer and shall issue to Holder a new Warrant representing any portion hereof that is not so Transferred.