Common use of Exclusion of Certain Warrants Clause in Contracts

Exclusion of Certain Warrants. (a) The Company understands that the redemption rights provided for by this Section 6 apply only to outstanding Warrants. To the extent a person holds rights to purchase Warrants, such purchase rights shall not be extinguished by redemption. However, once such purchase rights are exercised, the Company may redeem the Warrants issued upon such exercise provided that the criteria for redemption is met. The provisions of this Section 6.4(a) may not be modified, amended or deleted without the prior written consent of ▇▇▇▇▇▇▇. (b) The Insider Warrants may not be redeemed by the Company so long as such Insider Warrants are held by the Insiders. However, once an Insider transfers his Insider Warrants, such Insider Warrants shall then be redeemable by the Company pursuant to Section 6 hereof.

Exclusion of Certain Warrants. (a) 6.4.1 The Company understands that the redemption rights provided for by this Section 6 apply only to outstanding Warrants. To the extent a person holds rights to purchase Warrants, such purchase rights shall not be extinguished by redemption. However, once such purchase rights are exercised, the Company may redeem the Warrants issued upon such exercise provided that the criteria for redemption is met. The provisions of this Section 6.4(a) 6.4 may not be modified, amended or deleted without the prior written consent of ▇▇▇▇▇▇▇EBC. (b) 6.4.2 The Insider Warrants may shall not be redeemed redeemable by the Company so as long as such Insider Warrants are continue to be held by the InsidersInsiders or their affiliates. However, once an Insider transfers his such Insiders or their affiliates transfer such Insider Warrants, such Insider Warrants shall then be redeemable by the Company pursuant to Section 6 hereof.