Common use of Exchange, Transfer and Replacement Clause in Contracts

Exchange, Transfer and Replacement. (a) At any time prior to the exercise hereof, this Warrant Certificate may be exchanged upon presentation and surrender to the Company, alone or with other warrant certificates of like tenor of different denominations registered in the name of the same Holder, for another warrant certificate or warrant certificates of like tenor in the name of such Holder exercisable for the aggregate number of Shares as this Warrant Certificate and shares as such other warrant certificate or warrant certificates surrendered.