Common use of Transferability of Warrants Clause in Contracts

Transferability of Warrants. Subject to the provisions of these Warrant Terms with respect to compliance with the Securities Act and limitations on assignments and transfers, including without limitation compliance with the provisions of the Warrant Agreement and Section 5 of these Warrant Terms, title to any Warrants issued hereunder may be transferred by endorsement (by the transferor and the transferee executing the assignment form attached as Exhibit C (the “Assignment Form”)) and delivery in the same manner as a negotiable instrument transferable by endorsement and delivery. Each Holder must provide any evidence of authority and other documentation that may be required by the Warrant Agent, including but not limited to, a signature guarantee from an eligible guarantor institution participating in a signature guarantee program approved by the Securities Transfer Association. The Warrant Agent may also require an opinion of counsel satisfactory to the Warrant Agent that the transfer of the Warrants is being made in accordance with the Securities Act and applicable state securities laws.