Method of Exercise of Options. 10.1 Options may be exercised by written notice to the Secretary of the Company. The exercise notice must specify the number of shares required to be allotted, which number must be a multiple of 1,000 if only part of the Options are exercised, or if the total number of Options held is less than 1,000, then the total of all Options held must be exercised. Options will be deemed to have been exercised on the date that the application is lodged with the Secretary of the Company.
Appears in 6 contracts
Samples: Executive Services Agreement (Catuity Inc), Executives Services (Catuity Inc), Catuity Inc