Common use of Ownership Transfer and Substitution of Warrant Clause in Contracts

Ownership Transfer and Substitution of Warrant. The Company will treat Holder as the owner and holder of this Warrant for all purposes, until the Company receives notice to the contrary. This Warrant shall be transferable by Holder, and the Company shall recognize on its books and records any lawful transfer of this Warrant upon receipt of notice of such transfer by Holder. Upon receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Warrant and, in the case of any such loss, theft of destruction of this Warrant, upon delivery of indemnity reasonably satisfactory to the Company in form and amount or, in the case of any such mutilation, upon surrender of such, the Company at its expense will execute and deliver, in lieu thereof, a new Warrant of like tenor.

Ownership Transfer and Substitution of Warrant. The Company will treat Holder as the owner and holder of this Warrant for all purposes, until the Company receives notice to the contrary. This Warrant shall be transferable by HolderHolder only in accordance with State and Federal Securities laws, and the Company shall recognize on its books and records any lawful transfer of this Warrant upon receipt of notice of such transfer by Holder. Upon receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Warrant and, in the case of any such loss, theft of destruction of this Warrant, upon delivery of indemnity reasonably satisfactory to the Company in form and amount or, in the case of any such mutilation, upon surrender of such, such the Company at its expense will execute and deliver, in lieu thereof, a new Warrant of like tenor.