Upon exercise of this Warrant, [[Organization A:Organization]] shall promptly (but in no event later than three (3) Trading Days after the Exercise Date) issue or cause to be issued and cause to be delivered to or upon the written order of the Holder and in such name or names as the Holder may designate, a certificate for the Warrant Shares issuable upon such exercise, which certificate shall include the appropriate restrictive legends. Trading Day shall mean a date on which [[Organization A:Organization]]s Common Stock trades on its principal trading market. The Holder, or any Person permissibly so designated by the Holder to receive Warrant Shares, shall be deemed to have become the holder of record of such Warrant Shares as of the Exercise Date. The Warrant Shares constitute restricted or control securities and the Holder, by exercising, agrees not to resell them except in compliance with all applicable securities laws.
UponThe Holder may exercise this Warrant by delivering to [[Organization A:Organization]]: # completed and duly signed facsimile copy of the exercise notice, in the form attached hereto (the Exercise Notice), and, unless electing to exercise pursuant to the cashless exercise procedure specified in Section 4(c), (ii) payment by wire transfer of immediately available funds to an account designated by [[Organization A:Organization]] of the Exercise Price for the number of Warrant Shares as to which this Warrant is being exercised. The date such items are delivered to [[Organization A:Organization]] (as determined in accordance with the notice provisions hereof) is an Exercise Date. Notwithstanding anything herein to the contrary, the Holder shall not be required to physically surrender this Warrant to [[Organization A:Organization]] until the Holder has purchased all of the Warrant Shares available hereunder and the Warrant has been exercised in full, in which case, the Holder shall surrender this Warrant to [[Organization A:Organization]] for cancellation within three (3) trading days of the date the final Notice of Exercise is delivered to [[Organization A:Organization]]. Partial exercises of this Warrant,Warrant resulting in purchases of a portion of the total number of Warrant Shares available hereunder shall have the effect of lowering the outstanding number of Warrant Shares purchasable hereunder in an amount equal to the applicable number of Warrant Shares purchased. The Holder and [[Organization A:Organization]] shall promptly (but in no event later than three (3) Trading Days aftermaintain records showing the Exercise Date) issue or causenumber of Warrant Shares purchased and the date of such purchases; provided that the records of [[Organization A:Organization]], absent manifest error, will be conclusive with respect to be issuedthe number of Warrant Shares purchasable from time to time hereunder. The Holder and cause to be delivered to or upon the written orderany assignee, by acceptance of this Warrant, acknowledge and agree that, by reason of the Holder and in such name or names asprovisions of this paragraph, following the Holder may designate,purchase of a certificate forportion of the Warrant Shares issuable upon such exercise, which certificate shall includehereunder, the appropriate restrictive legends. Trading Day shall mean a date on which [[Organization A:Organization]]s Common Stock trades on its principal trading market. The Holder, or any Person permissibly so designated by the Holder to receive Warrant Shares, shall be deemed to have become the holdernumber of record of such Warrant Shares as ofavailable for purchase hereunder at any given time may be less than the Exercise Date. The Warrant Shares constitute restricted or control securities andamount stated on the Holder, by exercising, agrees not to resell them except in compliance with all applicable securities laws.face hereof.
Upon exerciseThis Warrant shall be deemed to have been exercised immediately prior to the close of business on the day of surrender of this Warrant, [[Organization A:Organization]]Warrant for exercise in accordance with the foregoing provisions, and at such time the person or persons entitled to receive the shares of the Common Stock issuable upon exercise shall be treated for all purposes as the record holder or holders of the shares of the Common Stock at such time. As promptly (butas practicable on or after the exercise date, but in no event later than three (3) Trading Days afterbusiness days, the Exercise Date)Company shall issue and shall deliver to the Holder a certificate or cause to be issued and cause to be delivered to or uponcertificates for the written ordernumber of full shares of the Holder and in such name or names as the Holder may designate, a certificate for the Warrant SharesCommon Stock issuable upon such exercise, which certificate shall include the appropriate restrictive legends. Trading Day shall mean a date on which [[Organization A:Organization]]s Common Stock trades on its principal trading market. The Holder, or any Person permissibly so designated by the Holder to receive Warrant Shares, shall be deemed to have become the holder of record of such Warrant Shares as of the Exercise Date. The Warrant Shares constitute restricted or control securities and the Holder, by exercising, agrees not to resell them except in compliance with all applicable securities laws.exercise.
UponMechanics of Exercise. Subject to the terms 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 election to exercise 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, [[Organization A:Organization]]Warrant resulting in issuance of a portion of the total number of Warrant Shares available hereunder shall promptly (buthave the effect of lowering the outstanding number of Warrant Shares issued hereunder in no event later than three (3)an amount equal to the applicable number of Warrant Shares issued. On or before the second Trading Days afterDay (the “Warrant Share Delivery Date”) following the date on which the Holder sent the Exercise Date)Notice to the Company or the Company’s transfer agent together with the Exercise Notice, the “Exercise Delivery Documents”), the Company shall (or direct its transfer agent to) issue or causeand dispatch by overnight courier to be issued and cause to be delivered to or upon the written orderaddress as specified in the Exercise Notice, a certificate, registered in the Company’s share register in the name of the Holder and in such name or names asits designee, for the number of Common Shares to which the Holder may designate, a certificate for the Warrantis entitled pursuant to such exercise (or deliver such Common Shares issuable upon such exercise, which certificate shall include the appropriate restrictive legends. Trading Day shall mean a date on which [[Organization A:Organization]]s Common Stock trades on its principal trading market. The Holder, or any Person permissibly so designatedin electronic format if requested by the Holder). Upon delivery of the Exercise Delivery Documents, the Holder to receive Warrant Shares, 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 asShares. If this Warrant is submitted in connection with any exercise and the number of the Exercise Date. The Warrant Shares constitute restricted or control securitiesrepresented by this Warrant submitted for exercise is greater than the number of Warrant Shares being acquired upon an exercise, then the Company shall as 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 Holder, by exercising, agrees notright to resell them except in complianceissue the number of Warrant Shares issuable immediately prior to such exercise under this Warrant, less the number of Warrant Shares with all applicable securities laws.respect to which this Warrant is exercised.
Upon exerciseManner 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, [[Organization A:Organization]] shall promptly (buttogether with a completed exercise agreement in no event later than three (3) Trading Days afterthe 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 Company as it may designate by notice from the Holder hereof), and upon payment to the Company in cash, by certified or official bank check or by wire transfer for the account of the Company of the Exercise Date) issue or cause to be issued and cause to be delivered to or upon the written order of the Holder and in such name or names as the Holder may designate, a certificatePrice for the Warrant Shares issuable upon such exercise, which certificate shall includespecified in the appropriate restrictive legends. Trading Day shall mean a date on which [[Organization A:Organization]]s Common Stock trades on its principal trading market.Exercise Agreement. The Holder, or any Person permissiblyWarrant Shares so designated by the Holder to receive Warrant Shares,purchased shall be deemed to have becomebe issued to the holder ofHolder hereof or such Holder’s designee, as the record owner of such Warrant Sharesshares, as of the close of business on the date on which this Warrant shall have been surrendered, the completed Exercise Date. TheAgreement shall have been delivered, and payment shall have been made for such shares as set forth above. Certificates for the Warrant Shares constitute restrictedso 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 control securities andsuch 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 Holder, by exercising, agreesCompany 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 shall not to resell them except in compliance with all applicable securities laws.then have been exercised.
UponMechanics of Exercise. Subject to the terms 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 election to exercise 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, [[Organization A:Organization]]Warrant resulting in purchases of a portion of the total number of Warrant Shares available hereunder shall promptly (buthave the effect of lowering the outstanding number of Warrant Shares purchasable hereunder in no event later than three (3)an amount equal to the applicable number of Warrant Shares purchased. On or before the second Trading Days afterDay (the “Warrant Share Delivery Date”) following the date on which the Holder sent the Exercise Date)Notice to the Company or the Company’s transfer agent, and upon receipt by the Company of payment to the Company of an amount equal to the applicable Exercise Price multiplied by the number of Warrant Shares as 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, in which case there shall be no Aggregate Exercise Price provided), the Company shall (or direct its transfer agent to) issue or causeand deliver by overnight courier to be issued and cause to be delivered to or upon the written orderaddress as specified in the Exercise Notice, a certificate, registered in the Company’s share register in the name of the Holder and in such name or names asits designee, for the number of shares of Common Stock to which the Holder may designate, a certificate for the Warrant Shares issuable uponis entitled pursuant to such exercise, which certificate shall include the appropriate restrictive legends. Trading Day shall mean a date on which [[Organization A:Organization]]sexercise (or deliver such shares of Common Stock trades on its principal trading market. The Holder, or any Person permissibly so designatedin electronic format if requested by the Holder). Upon delivery of the Exercise Delivery Documents, the Holder to receive Warrant Shares, 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 asShares. If this Warrant is submitted in connection with any exercise and the number of the Exercise Date. The Warrant Shares constitute restricted or control securitiesrepresented by this Warrant submitted for exercise is greater than the number of Warrant Shares being acquired upon an exercise, then the Company shall as 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 Holder, by exercising, agrees notright to resell them except in compliancepurchase the number of Warrant Shares purchasable immediately prior to such exercise under this Warrant, less the number of Warrant Shares with all applicable securities laws.respect to which this Warrant is exercised.
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