Common use of Warrants and Issuance of Warrant Certificates Clause in Contracts

Warrants and Issuance of Warrant Certificates. (a) Each Warrant shall initially entitle the Registered Owner of a Warrant Certificate representing Warrants to purchase one share of Common Stock on the exercise of each Warrant, subject to modification and adjustment as hereinafter provided in Section 10. Warrant Certificates representing 200,000 Class A Warrants and evidencing the right to purchase an aggregate of 200,000 shares of Common Stock of the Company, and Warrant Certificates representing 200,000 Class B Warrants and evidencing the right to purchase an aggregate of 200,000 shares of Common Stock of the Company shall be executed by the duly authorized officers of the Company and delivered to the Warrant Agent for countersignature. The Warrant Certificates representing the Warrants will be issued and delivered on written order of the Company signed by the duly authorized officers of the Company. (b) Except as provided in Section 9 hereof, no Warrant Certificates shall be issued except (i) Warrant Certificates initially issued hereunder, (ii) Warrant Certificates issued upon the transfer, exchange or exercise of Warrants, and (iii) Warrant Certificates issued in replacement of lost, stolen, destroyed or mutilated Warrant Certificates pursuant to Section 9.