Common use of Exchange, Transfer and Replacement Clause in Contracts

Exchange, Transfer and Replacement. This Warrant is non-detachable ---------------------------------- from the Debenture and may not be transferred, assigned, sold, pledged or otherwise hypothecated ("Transferred") except with the Debenture, and if so ----------- Transferred, then only as permitted under the terms and conditions of the Debenture and the Debenture Purchase Agreement; provided, however, that if the Company repays and redeems the Debenture in full on or before August 25, 1998, this Warrant shall remain in full force and effect until September 25, 1998. This Warrant