Upon the exercise of the Holder’s right to purchase Warrant Shares granted pursuant to this Warrant, the Holder shall be deemed to be the holder of record of the number of Warrant Shares issuable upon such exercise, notwithstanding that the transfer books of the Company shall then be closed or certificates representing such Warrant Shares shall not then have been actually delivered to the Holder. As soon as practicable after the exercise of this Warrant, the Company shall issue and deliver to the Holder a certificate or certificates for the applicable number of Warrant Shares, registered in the name of the Holder. No fractional shares of Common Stock are to be issued upon exercise of this Warrant, but rather the number of shares of Common Stock issued upon exercise of this Warrant shall be rounded up or down to the nearest whole number.

UponExercise of Warrant. The rights represented by this Warrant may be exercised by the exerciseHolder, in whole or in part (but not as to any fractional shares of Common Stock), by the surrender of this Warrant (properly endorsed, if required, at the Corporation’s principal office, or such other office or agency of the Holder’s rightCorporation as the Corporation may designate by notice in writing to purchase Warrant Shares granted pursuant to this Warrant, the Holder at the address of such Holder appearing on the Corporation’s books at any time within the period above named), and upon payment to it by certified check, bank draft or cash of the purchase price for such Shares. The Corporation agrees that the Shares so purchased shall be deemed to be issued to the holderHolder as the record owner of recordsuch Shares as of the close of business on the date on which this Warrant shall have been surrendered and payment for such Shares shall have been made as aforesaid. Certificates for the Shares so purchased shall be delivered to the Holder within a reasonable time, not exceeding 30 days, after the rights represented by this Warrant shall have been so exercised and, unless this Warrant has expired, a new Warrant representing the number of Shares, if any, with respect to which this Warrant Shares issuable upon such exercise, notwithstanding that the transfer books of the Company shall then be closed or certificates representing such Warrant Shares shall not then have been actuallyexercised shall also be delivered to the Holder. As soon as practicable afterHolder within such time. The Corporation may require that any such new Warrant or any certificate for Shares purchased upon the exercise hereof bear a legend substantially similar to that which is contained on the face of this Warrant, the Company shall issue and deliver to the Holder a certificate or certificates for the applicable number of Warrant Shares, registered in the name of the Holder. No fractional shares of Common Stock are to be issued upon exercise of this Warrant, but rather the number of shares of Common Stock issued upon exercise of this Warrant shall be rounded up or down to the nearest whole number.Warrant.

UponManner of Exercise; Issuance of Certificates; Payment for Shares. Subject to the provisions hereof, this Warrant may be exercised by the Holder hereof, in whole or in part, by the surrender of this Warrant, together with a completed exercise agreement in the form attached hereto (the “Exercise Agreement”), to the Company during normal business hours on any business day at the Company’s principal executive offices (or such other office or agency of the Holder’s rightCompany as it may designate by notice from the Holder hereof), and upon payment to purchasethe Company in cash, by certified or official bank check or by wire transfer for the account of the Company of the Exercise Price for the Warrant Shares granted pursuant to this Warrant,specified in the HolderExercise Agreement. The Warrant Shares so purchased shall be deemed to be issued to the holderHolder hereof or such Holder’s designee, as the record owner of recordsuch shares, as of the close of business on the date on which this Warrant shall have been surrendered, the completed Exercise Agreement shall have been delivered, and payment shall have been made for such shares as set forth above. Certificates for the Warrant Shares so purchased, representing the aggregate number of shares specified in the Exercise Agreement, shall be delivered to the Holder hereof within a reasonable time, not exceeding seven (7) business days, after this Warrant shall have been so exercised. The certificates so delivered shall be in such denominations as may be requested by the Holder hereof and shall be registered in the name of such Holder or such other name as shall be designated by such Holder. If this Warrant shall have been exercised only in part, then, unless this Warrant has expired, the Company shall, at its expense, at the time of delivery of such certificates, deliver to the Holder a new Warrant representing the number of shares with respect to which this Warrant Shares issuable upon such exercise, notwithstanding that the transfer books of the Company shall then be closed or certificates representing such Warrant Shares shall not then have been actually delivered to the Holder. As soon as practicable after the exercise of this Warrant, the Company shall issue and deliver to the Holder a certificate or certificates for the applicable number of Warrant Shares, registered in the name of the Holder. No fractional shares of Common Stock are to be issued upon exercise of this Warrant, but rather the number of shares of Common Stock issued upon exercise of this Warrant shall be rounded up or down to the nearest whole number.exercised.

Upon the exercise of the Holder’s right to purchaseThis Warrant Shares granted pursuant to this Warrant, the Holder shall be deemed to behave been exercised immediately prior to the holderclose of recordbusiness on the day of surrender of this Warrant for exercise in accordance with the foregoing provisions, and at such time the person or persons entitled to receive the shares of the number of Warrant SharesCommon Stock issuable upon such exercise, notwithstanding thatexercise shall be treated for all purposes as the transfer booksrecord holder or holders of the Company shall then be closed or certificates representingshares of the Common Stock at such Warrant Shares shall not then have been actually delivered to the Holder.time. As soonpromptly as practicable on or after the exercise of this Warrant,date, but in no event later than three business days, the Company shall issue and shall deliver to the Holder a certificate or certificates for the applicable number of Warrant Shares, registered in the namefull shares of the Holder. No fractional shares of Common Stock are to be issuedissuable upon exercise of this Warrant, but rather the number of shares of Common Stock issued upon exercise of this Warrant shall be rounded up or down to the nearest whole number.exercise.

Delivery of New Warrants Upon Exercise. If this Warrant shall have been exercised in part, the exerciseCompany shall, at the request of a Holder and upon surrender of this Warrant certificate, at the time of delivery of the Holder’s right to purchase Warrant Shares granted pursuant to this Warrant, the Holder shall be deemed to be the holder of record of the number of Warrant Shares issuable upon such exercise, notwithstanding that the transfer books of the Company shall then be closedcertificate or certificates representing such Warrant Shares shall not then have been actually delivered to the Holder. As soon as practicable after the exercise of this Warrant, the Company shall issue andShares, deliver to the Holder a certificate or certificates fornew Warrant evidencing the applicable number of Warrant Shares, registered in the namerights of the Holder. No fractional shares of Common Stock areHolder to be issued upon exercise ofpurchase the unpurchased Warrant Shares called for by this Warrant, but rather the number of shares of Common Stock issued upon exercise of thiswhich new Warrant shall in all other respects be rounded up or downidentical to the nearest whole number.this Warrant.

Delivery of New Warrants Upon Exercise. If this Warrant shall have been exercised in part, the exerciseCompany shall, at the request of a Holder and upon surrender of this Warrant certificate, at the time of delivery of the Holder’s right to purchase Warrant Shares granted pursuant to this Warrant, the Holder shall be deemed to be the holder of record of the number of Warrant Shares issuable upon such exercise, notwithstanding that the transfer books of the Company shall then be closedcertificate or certificates representing such Warrant Shares shall not then have been actually delivered to the Holder. As soon as practicable after the exercise of this Warrant, the Company shall issue andShares, deliver to the Holder a certificate or certificates fornew Warrant evidencing the applicable number of Warrant Shares, registered in the namerights of the Holder. No fractional shares of Common Stock areHolder to be issued upon exercise ofpurchase the unpurchased Warrant Shares called for by this Warrant, but rather the number of shares of Common Stock issued upon exercise of thiswhich new Warrant shall in all other respects be rounded up or down to the nearest whole number.identical with this Warrant.

Delivery of New Warrants Upon Exercise. If this Warrant shall have been exercised in part, the exerciseCompany shall, at the request of a Holder and upon surrender of this Warrant certificate, at the time of delivery of the Holder’s right to purchase Warrant Shares granted pursuant to this Warrant, the Holder shall be deemed to be the holder of record of the number of Warrant Shares issuable upon such exercise, notwithstanding that the transfer books of the Company shall then be closedcertificate or certificates representing suchWarrant Shares, deliver to Holder a new Warrant evidencing the rights of Holder to purchase the unpurchased Warrant Shares shall not then have been actually delivered to the Holder. As soon as practicable after the exercise ofcalled for by this Warrant, the Company shall issue and deliver to the Holder a certificate or certificates for the applicable number of Warrant Shares, registered in the name of the Holder. No fractional shares of Common Stock are to be issued upon exercise of this Warrant, but rather the number of shares of Common Stock issued upon exercise of thiswhich new Warrant shall in all other respects be rounded up or down to the nearest whole number.identical with this Warrant.

Delivery of New Warrants Upon Exercise. If this Warrant shall have been exercised in part, the exerciseCompany shall, at the request of a Holder and upon surrender of this Warrant certificate, at the time of delivery of the Holder’s right to purchase Warrant Shares granted pursuant to this Warrant, the Holder shall be deemed to be the holder of record of the number of Warrant Shares issuable upon such exercise, notwithstanding that the transfer books of the Company shall then be closed or certificates representing such Warrant Shares shall not then have been actually delivered to the Holder. As soon as practicable after the exercise of this Warrant, the Company shall issue andShares, deliver to the Holder a certificate or certificates fornew Warrant evidencing the applicable number of Warrant Shares, registered in the namerights of the Holder. No fractional shares of Common Stock areHolder to be issued upon exercise ofpurchase the unpurchased Warrant Shares called for by this Warrant, but rather the number of shares of Common Stock issued upon exercise of thiswhich new Warrant shall in all other respects be rounded up or down to the nearest whole number.identical with this Warrant.

UponMechanics of Exercise. Subject to the exerciseterms and conditions hereof, the rights represented by this Warrant may be exercised in whole or in part at any time or times during the Exercise Period by delivery of a written notice, in the form attached hereto as Exhibit A (the “Exercise Notice”), of the Holder’s rightelection to purchaseexercise this Warrant. The Holder shall not be required to deliver the original Warrant in order to effect an exercise hereunder. Partial exercises of this Warrant resulting in purchases of a portion of the total number of Warrant Shares granted pursuantavailable hereunder shall have the effect of lowering the outstanding number of Warrant Shares purchasable hereunder in an amount equal to this Warrant,the applicable number of Warrant Shares purchased. On or before the second Trading Day (the “Warrant Share Delivery Date”) following the date on which the Holder shall be deemedsent the Exercise Notice to be the holderCompany or the Company’s transfer agent, and upon receipt by the Company of recordpayment to the Company of an amount equal to the applicable Exercise Price multiplied by the number of Warrant Shares issuable upon suchas to which all or a portion of this Warrant is being exercised (the “Aggregate Exercise Price” and together with the Exercise Notice, the “Exercise Delivery Documents”) in cash or by wire transfer of immediately available funds (or by cashless exercise, notwithstanding that the transfer books ofin which case there shall be no Aggregate Exercise Price provided), the Company shall then be closed or certificates representing such Warrant Shares shall not then have been actually delivered to the Holder. As soon as practicable after the exercise of this Warrant, the Company shall(or direct its transfer agent to) issue and deliver by overnight courier to the Holderaddress as specified in the Exercise Notice, a certificate or certificates forcertificate, registered in the applicable number of Warrant Shares, registeredCompany’s share register in the name of the Holder. No fractional shares of Common Stock are to be issued upon exercise of this Warrant, but ratherHolder or its designee, for the number of shares of Common Stock issued uponto which the Holder is entitled pursuant to such exercise (or deliver such shares of Common Stock in electronic format if requested by the Holder). Upon delivery of the Exercise Delivery Documents, the Holder shall be deemed for all corporate purposes to have become the holder of record of the Warrant Shares with respect to which this Warrant has been exercised, irrespective of the date of delivery of the certificates evidencing such Warrant Shares. If this Warrant is submitted in connection with any exercise and the number of Warrant Shares represented by this Warrant submitted for exercise is greater than the number of Warrant Shares being acquired upon an exercise, then the Company shall be rounded up or downas soon as practicable and in no event later than three business days after any exercise and at its own expense, issue a new Warrant (in accordance with Section 6) representing the right to purchase the nearest whole number.number of Warrant Shares purchasable immediately prior to such exercise under this Warrant, less the number of Warrant Shares with respect to which this Warrant is exercised.

Upon the exerciseExercise of Warrant. Exercise of the Holder’s rightrights represented by this Warrant may be made, in whole or in part, at any time or times on or after the Effective Date and on or before the Termination Date by delivery to purchase Warrant Shares granted pursuantthe Company (or such other office or agency of the Company as it may designate by notice in writing to this Warrant,the registered Holder at the address of the Holder appearing on the books of the Company) of a duly executed facsimile or electronic copy of the Notice of Exercise Form annexed hereto. Notwithstanding anything herein to the contrary, the Holder shall not be deemedrequired to bephysically surrender this Warrant to the holderCompany until the Holder has acquired all of recordthe Warrant Shares available hereunder and the Warrant has been exercised in full, in which case, the Holder shall surrender this Warrant to the Company for cancellation within three (3) Trading Days of the date the final Notice of Exercise is delivered to the Company. Partial exercises of this Warrant resulting in acquisition of a portion of the total number of Warrant Shares available hereunder shall have the effect of lowering the outstanding number of Warrant Shares acquirable hereunder in an amount equal to the applicable number of Warrant Shares acquired. The Holder and the Company shall maintain records showing the number of Warrant Shares issuable uponacquired and the date of such exercise, notwithstanding thatacquisitions. The Company shall deliver any objection to any Notice of Exercise Form within two (2) Business Days of receipt of such notice. In the transfer booksevent of any dispute or discrepancy, the records of the CompanyHolder shall then be closed or certificates representing such Warrant Shares shall not then have been actually delivered tocontrolling and determinative in the Holder. As soon as practicable after the exerciseabsence of manifest error. The Holder and any assignee, by acceptance of this Warrant, acknowledge and agree that, by reason of the Company shall issue and deliver toprovisions of this paragraph, following the Holderacquisition of a certificate or certificates forportion of the applicableWarrant Shares hereunder, the number of Warrant Shares, registered inShares available for acquisition hereunder at any given time may be less than the name ofamount stated on the Holder. No fractional shares of Common Stock are to be issued upon exercise of this Warrant, but rather the number of shares of Common Stock issued upon exercise of this Warrant shall be rounded up or down to the nearest whole number.face hereof.