Surrender of Warrant Certificates. Concurrently with the execution of this Agreement and the issuance of the Exchange Shares, LLCII shall surrender the Warrants it holds in certificated form (which do not include the uncertificated Warrant Rights) to the Company, upon which surrender LLCII shall be deemed to be the holder of record of the Exchange Shares.
Appears in 2 contracts
Sources: Warrant Exchange Agreement (Pure Biofuels Corp), Warrant Exchange Agreement (Plainfield Asset Management LLC)