Offer From Third Party Sample Clauses

Offer From Third Party. In the event that the Stockholder receives a bona fide offer from an independent third party capable of consummating such a sale to purchase all or any of the authorized, issued and outstanding shares of Stock then registered in such Stockholder's name, such Stockholder shall first offer in writing (the "Stockholder's Offer") to sell such shares of Stock (the "Offered Stock") to the Corporation at the price and on the terms of which such selling Stockholder proposes to transfer the Offered Stock to the proposed third party transferee. The Stockholder's Offer shall set forth (i) the number of shares of the Offered Stock, (ii) the name and address of the proposed transferee, (iii) the amount of consideration to be received by the selling Stockholder, and (iv) the method of proposed payment. The Corporation shall have the option to acquire all or any of the shares of Offered Stock at the price and upon the terms provided in the Stockholder's Offer. The Corporation shall have the right to exercise its option for a period of thirty (30) days following its receipt of the Stockholder's Offer by notifying the selling Stockholder in writing of its intention to purchase at Closing (as defined in Section 8(d) hereof) all or any shares of the Offered Stock on the same terms and conditions set forth in the Stockholder's Offer.