Common use of Surrender of Warrant Clause in Contracts

Surrender of Warrant. The Warrantholder hereby surrenders to the Company the Warrant for cancellation by delivering to the Company herewith the Warrant (with stock power or otherwise) duly endorsed for transfer in blank, signatures medallion guaranteed. The Company hereby acknowledges receipt from the Warrantholder of the Warrantfor the sole purpose of terminating the Warrant.

Appears in 2 contracts

Sources: Stock Purchase Agreement (First Transaction Management Inc), Stock Purchase Agreement (First Transaction Management Inc)