OPTION 2 -- PURCHASE GLOBAL Clause Samples

OPTION 2 -- PURCHASE GLOBAL. In consideration of Genesis's initiatives as contained in this Term Sheet, Global hereby grants to Genesis a right of first refusal to purchase Global or all of the assets of Global. - PRICE. Price will be equal to the fair market value of Global as determined by an independent valuation firm selected by Genesis and GLTI. Such valuation shall be incorporated herein by this reference. - TERM. The option shall expire on June 30, 2000. * * * These portions containing confidential information have been omitted pursuant to a request for confidential treatment and have been filed separately with the Commission. [*] Indicates redacted text.