Common use of Exercise, Exercise Price, Settlement and Delivery Clause in Contracts

Exercise, Exercise Price, Settlement and Delivery. (a) Subject to the provisions of this Agreement, each holder of a Warrant shall have the right to purchase from the Company on or after the Exercisability Date and on or prior to the close of business on the Expiration Date the number of fully paid, registered and non-assessable Warrant Shares (and any other securities or property purchasable or deliverable upon exercise of such Warrant as provided in Article V) which the holder may at the time be entitled to receive on exercise of such Warrant, subject to adjustment in accordance with Article V hereof, at the purchase price of $0.01 for each Warrant Share purchased (the "EXERCISE PRICE"). The number and amount of Warrant Shares for which a particular Warrant may be exercised (the "EXERCISE RATE") shall be subject to adjustment from time to time as set forth in Article V hereof.

Exercise, Exercise Price, Settlement and Delivery. (a) Subject to the provisions of this Agreement, each holder of a Warrant shall have the right to purchase from the Company on or after the Exercisability Date and on or prior to the close of business on the Expiration Date the number of fully paid, registered and non-assessable Warrant Shares (and any other securities or property purchasable or deliverable upon exercise of such Warrant as provided in Article V) which the holder may at the time be entitled to receive on exercise of such Warrant, subject to adjustment in accordance with Article V hereof, at the purchase price of $0.01 for each Warrant Share purchased (the "EXERCISE PRICEExercise Price"). The number and amount of Warrant Shares for which a particular Warrant may be exercised (the "EXERCISE RATEExercise Rate") shall be subject to adjustment from time to time as set forth in Article V hereof.