Common use of Warrant Exchange Clause in Contracts

Warrant Exchange. The Investor hereby exchanges all of the Warrants held by the Investor described under the caption “Investor Warrants” on the applicable signature page attached hereto for the New Warrants described under the caption “New Warrants” on such signature page. Every Warrant exchange for New Warrants is hereby irrevocably cancelled and no consideration, other than the New Warrants, is to be provided for such exchange. Investor has not heretofore exercised or attempted to exercise any of the Warrants.