Common use of Loss of Warrant Clause in Contracts

Loss of Warrant. Upon receipt by the Company of evidence of the loss, theft, destruction or mutilation of this Warrant, and (in the case of loss, theft or destruction) of indemnity or security reasonably satisfactory to the Company, and upon surrender and cancellation of this Warrant, if mutilated, the Company shall execute and deliver a new Warrant of like tenor and date. In the case of loss, theft or destruction of the Warrant, if required by the Company's transfer agent, the Holder shall execute a bond at its expense in an amount not to exceed $10,000. The Company shall not be liable for any losses or damages incurred by Holder as a result of Holder's loss of all or part of this Warrant, provided that Company agrees to use commercially reasonable efforts to assure that Warrant Shares are issued only in the name(s) of the rightful Holder(s) and are delivered to the Holder(s) at the Holder's address of record.