Common use of Transfer Upon Exercise Clause in Contracts

Transfer Upon Exercise. Upon delivery to the Corporation of any Exercise Notice by the Purchaser, the Corporation shall timely deliver or cause to be delivered to the Purchaser on the date of closing at the place of closing (as specified above) such stock certificate(s) as are necessary to complete the transfer of shares of Common Stock required by this Warrant and such Exercise Notice. Upon delivery to the Purchaser of such stock certificate(s), the Purchaser shall pay the Warrant Price for such shares to the Corporation as set forth above.