Common use of Exercise of the Warrants Clause in Contracts

Exercise of the Warrants. 3.1. The Warrants shall be exercised by way of delivery of a written notice (in the form attached as Appendix A to this Agreement) from The Holder to the Company concerning its intention to exercise the Warrants which it is entitled to exercise, in whole or in part, together with the Exercise Price. The Exercise Shares shall be issued to The Holder after receipt of The Holder’s said notice. 3.2. The Company shall not allot to The Holder shares in the Company before completion of the full payment of the Exercise Price in respect of the shares which The Holder wishes to exercise.