Common use of Effect of Exercise of Special Warrants Clause in Contracts

Effect of Exercise of Special Warrants. (a) Upon compliance by the holder of any Special Warrant Certificate with the provisions of Section 3.1 or upon deemed exercise pursuant to Section 3.7, and subject to Section 3.3, the Unit Shares and Warrants to be issued upon the exercise of the Special Warrants will be deemed to have been issued and the person or persons to whom such Unit Shares and Warrants are to be issued will be deemed to have become the holder or holders of record of such Unit Shares and Warrants on the Exercise Date, unless the transfer registers of the Corporation will be closed on such date, in which case the Unit Shares and Warrants to be issued upon the exercise of the Special Warrants will be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Unit Shares and Warrants on the date on which such transfer registers are reopened. (b) Subject to Section 3.7 and subject to adjustment in accordance with Article 4, within three (3) Business Days after the Exercise Date of a Special Warrant as set forth above, the Corporation will cause to be mailed to the person or persons in whose name or names the Unit Shares and Warrants have been issued upon the exercise of Special Warrants as specified in the exercise form, at the address specified in such exercise form or, if so specified in such exercise form, cause to be delivered to such person or persons at the Special Warrant Agency where the Special Warrant Certificate was surrendered, a certificate or certificates for the appropriate number of Unit Shares and Warrants.

Effect of Exercise of Special Warrants. (a) ‌ Upon compliance by the holder of any Special Warrant Certificate with the provisions of Section 3.1 exercise or upon deemed exercise pursuant to Section 3.7, and subject to Section 3.3, the Unit Shares and Warrants to be issued upon the automatic exercise of the Special Warrants will be deemed to have been issued and the person or persons to whom such Unit Shares and Warrants are to be issued will be Warrants, each Special Warrantholder is, at that time, deemed to have become the holder or holders of record of such the Unit Shares and Unit Warrants, in respect of which such Special Warrantholder’s Special Warrants on the Exercise Dateare exercised or are automatically exercised, unless the transfer registers of the Corporation will Company shall be closed by law on such date, in which case the Unit Shares and Unit Warrants to be issued upon the exercise of the Special Warrants will acquired shall be deemed to have been issued and such person or persons deemed to have become the holder or holders of record of such Unit Shares and Unit Warrants on the date on which such transfer registers are next reopened. (b) Subject . Notwithstanding any provision herein to Section 3.7 and subject to adjustment in accordance with Article 4, within three (3) Business Days after the Exercise Date of a Special Warrant as set forth abovecontrary, the Corporation will cause Company shall not be required to be mailed to the person or persons in whose name or names deliver the Unit Shares and Unit Warrants have been issued upon in any period while the Common Share transfer registers of the Company are closed and, in the event of the exercise of Special Warrants as specified in the exercise form, at the address specified in such exercise form or, if so specified in such exercise form, cause to be delivered to such person or persons at the any Special Warrant Agency where during any such period, the Special Warrant Certificate was surrendered, a certificate or certificates for the appropriate number of Unit Shares and WarrantsUnit Warrants subscribed for shall be issued and such person shall be deemed to have become the holder of record of such Unit Shares and Unit Warrants on the date on which such Common Share transfer registers, respectively, are reopened.

Effect of Exercise of Special Warrants. (a) a. Upon compliance by the holder of any Special Warrant Certificate with the provisions of Section 3.1 section or upon deemed the automatic exercise of Special Warrants pursuant to Section 3.7section 3.9, and subject to Section 3.3section 3.4, the Unit Common Shares and Purchase Warrants to be issued upon the exercise of the Special Warrants will subscribed for shall be deemed to have been issued and the person or persons to whom such Unit Common Shares and Purchase Warrants are to be issued will shall be deemed to have become the holder or holders of record of such Unit Common Shares and Purchase Warrants on the Exercise Date, Date unless the transfer registers of the Corporation will shall be closed on such date, in which case the Unit Common Shares and Purchase Warrants to be issued upon the exercise of the Special Warrants will subscribed for shall be deemed to have been issued issued, and such person or persons deemed to have become the holder or holders of record of such Unit Common Shares and Warrants Purchase Warrants, on the date on which such transfer registers are reopened. (b) Subject to Section 3.7 and subject to adjustment in accordance with Article 4, within three (3) b. Within five Business Days after the Exercise Date of with respect to a Special Warrant as set forth aboveWarrant, the Corporation will shall cause to be mailed to the person or persons in whose name or names the Unit Common Shares and Purchase Warrants so subscribed for have been issued upon the exercise of Special Warrants issued, as specified in the exercise formsubscription, at the address specified in such exercise form subscription or, if so specified in such exercise formsubscription, cause to be delivered to such person or persons at the Special Warrant Agency where the Special Warrant Certificate was surrendered, a certificate or certificates for the appropriate number of Unit Common Shares and WarrantsPurchase Warrants subscribed for. In the absence of instructions to the contrary, such certificates shall be issued in the name of the registered holder of the surrendered Warrant Certificate and shall be mailed by first class mail to the address of such Warrantholder appearing on the Warrant Register.