Common use of Mechanics of Transfer Clause in Contracts

Mechanics of Transfer. Subject to the foregoing, this Warrant may be transferred and assigned upon surrender of this Warrant to the Company at its principal office or to the Company’s agent at its office, with the warrant Assignment Form substantially in the form attached hereto as Exhibit D (the “Assignment Form”) duly completed and signed, and accompanied by funds sufficient to pay any transfer tax, except that no transfer or assignment of this Warrant may be made unless the transferee has agreed in writing for the benefit of the Company to be bound by the provisions of this Section 5, to the extent this Section 5 is then applicable. Upon such surrender and, if required, such payment, the Company shall as promptly as practicable, and in any event within five (5) Business Days, execute and deliver a new Warrant or Warrants in the name of the assignee or assignees named in such Assignment Form, and in the denomination specified therein, and shall issue to and in the name of the Holder that is the transferor or assignor a new Warrant evidencing the portion of this Warrant not so transferred or assigned, and this Warrant shall promptly be cancelled. Following a transfer that complies with the requirements of this Section 5, the Warrant may be exercised by a new Holder for the purchase of shares of Common Stock regardless of whether the Company issued or registered a new Warrant on the books of the Company.