Common use of ACTIONS FOLLOWING EXERCISE Clause in Contracts

ACTIONS FOLLOWING EXERCISE. 6.1. In the event that the Optionee exercises the Options in accordance with clause 5, the Parties, including each of the Shareholders shall, and the Company shall cause the Shareholders’ Representative to execute the SPA within [***] of receipt of the Exercise Notice by the Company and the Shareholders’ Representative, and consummate the transactions contemplated thereby. 6.2. Without limitation on the foregoing obligation or on any remedies that Optionee may elect to exercise in respect of any breach thereof, each Shareholder hereby constitutes and appoints Optionee, with full power of substitution, as its true and lawful agent and attorney-in-fact, with full power and authority in its name, place and stead, to execute and deliver the SPA, if and only if the Shareholder fails to execute the SPA within the [***] period specified above.