Certificate for Shares. Upon the exercise of the purchase rights evidenced by this Warrant, one or more certificates for the number of Shares so purchased shall be issued in the name of the Holder as soon as practicable, and in any event within ten (10) days, after receipt by the Company of the completed Subscription Notice and payment for the Shares being purchased. The Company shall not be required to issue any fractional shares upon the exercise of the Holder"s purchase rights under this Warrant. In lieu of any fractional shares, the Company shall pay cash equal to such fraction multiplied by the per share Fair Market Value of the Common Stock as of the date of exercise.
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Sources: Integrated Circuit Agreement (Chaparral Network Storage Inc), Warrant Agreement (Chaparral Network Storage Inc)
Certificate for Shares. Upon the exercise of the purchase rights evidenced by this Warrant, one or more certificates for the number of Shares so purchased shall be issued in the name of the Holder as soon as practicable, practicable following receipt of the completed subscription form and payment for the Shares being purchased and in any event within ten (10) days, after receipt by the Company of the completed Subscription Notice and payment for the Shares being purchaseddays thereafter. The Company shall not be required to issue any fractional shares upon the exercise of the Holder"s purchase Holder's purchaser rights under this Warrant. In lieu of any fractional shares, the Company shall pay cash equal to such fraction multiplied by the per share Fair Market Value market price of the Common Stock as of the date of exercise.
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