OPTION ARRANGEMENTS. 7.1. In this clause 7, words and expressions shall, save where the context otherwise requires, have the meanings given to them in Schedule 2.

OPTION ARRANGEMENTS. During the Interim Period, the Founding Investor Shareholders and the Corporation shall take the following actions (the “Option Arrangements”):

OPTION ARRANGEMENTS. 6.1 For and in consideration of the Closing of the purchase and sale transaction contemplated herein, each of the Company shareholders listed on the signature page hereto hereby grant to the Investor an options (collectively, the “Options”), granting it the irrevocable right to purchase from such shareholder all of such shareholder’s right, title and interest in and to the capital stock of the Company (the “Selling Shareholders”). The Company undertakes to dedicate best efforts to procure, within four (4) weeks from the date hereof, Options from any other shareholders of the Company not executing this agreement. The aforesaid options shall extend for the greater of a period of (i) six (6) months from the date of this Agreement and (ii) three (3) months after completion of the audits described in clause (c) below and shall vest effective the date hereof, at an exercise price per share to be determined in accordance with the following formula. The exercise price per share for each option shall be payable in shares of the common stock of the Investor, par value $0.01 per share (the “eXeg Common Stock”), and shall be equal to the Aggregate Exercise Price divided by 135.88. The Aggregate Exercise Price shall be equal to a number of shares of eXeg Common Stock determined by dividing the sum of US $10 million by the eXeg Share Price. eXeg Share Price shall be equal to the average per share closing price of eXeg Common Stock for the ten (10) trading days ended on the second business day prior to the exercise of the Option; provided, however, that notwithstanding the foregoing, the eXeg Share Price shall not exceed US $3.55 nor be less than US $3.20. The Options shall be predicated on the understanding that:

OPTION ARRANGEMENTS. 11.1 Novatel shall, if the Pre-conditions in 6.1.2 and in 6.1.3.1 are fulfilled, make an offer, subject to fulfilment of the Conditions, to holders of Employee Options concurrently with the Scheme or the Substitute Offer (if it is made) in terms of which:

OPTION ARRANGEMENTS. 1. Upon being offered Options 1 and 2, the initial applicant will be advised that he may make an immediate selection of the option he desires or he may delay his selection until the required make-ready survey work has been completed and the estimate of make-ready charges quoted by the Licensor. Where the initial applicant elects to delay his decision, he shall be required to indicate the option he desires within 15 days after the Licensor has quoted the estimate of the make-ready charges that will apply, otherwise, the Licensor will deem the initial applicant to have selected Option 1.

OPTION ARRANGEMENTS. The Systinet Option grants that are listed on Schedule 5.3(g) shall have been amended such that the exercise price of the unvested portion of each such grant equals the Common Price Per Share. Systinet shall have provided to Mercury the consent of each holder of such Systinet Options to the amendment of such holder’s Systinet Options.

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Compensation Arrangements (a) Following receipt of an RoU Claim Notice in respect of a Type 3 Restriction of Use, Network Rail and the Train Operator shall (if they have not already done so) commence negotiations in respect of the RoU Liability compensation to be paid by one party to the other in respect of the Type 3 Restriction of Use and, subject to paragraph 10, shall continue such negotiations in good faith until they are concluded.
Option Agreements To the extent not expressly amended hereby, the Agreements remain in full force and effect.
Certain Arrangements The Company will not consummate or permit to occur any Section 13 Event unless (A) the Principal Party has a sufficient number of authorized, unissued and unreserved Common Shares to permit the exercise in full of the Rights in accordance with this Section 13 and (B) prior thereto the Company and the Principal Party have executed and delivered to the Rights Agent a supplemental agreement confirming that (1) the requirements of this Section 13 will be promptly performed in accordance with their terms, (2) the Principal Party will, upon consummation of such Section 13 Event, assume this Plan in accordance with Section 13(a) and Section 13(b), (3) such Section 13 Event will not result in a default by the Principal Party pursuant to this Plan (as it has been assumed by the Principal Party) and (4) the Principal Party, as soon as practicable after the date of such Section 13 Event and at its own expense, will:
Implementation Arrangements A. Institutional Arrangements
Option Plans There is no share option plan or similar plan to acquire any additional shares or units or other equity interests, as the case may be, of IEM or securities convertible or exercisable into or exchangeable for, or which otherwise confer on the holder thereof any right to acquire, any such additional shares or units or equity interests, as the case may be.
Other Contractual Arrangements 8.1 Escrow Agent Not a Trustee The Escrow Agent accepts duties and responsibilities under this Agreement, and the escrow securities and any share certificates or other evidence of these securities, solely as a custodian, bailee and agent. No trust is intended to be, or is or will be, created hereby and the Escrow Agent shall owe no duties hereunder as a trustee.
Distribution Arrangements Subject to compliance with the 1940 Act, the Trustees may retain underwriters and/or placement agents to sell Trust Shares. The Trustees may in their discretion from time to time enter into one or more contracts, providing for the sale of the Shares of the Trust, whereby the Trust may either agree to sell such Shares to the other party to the contract or appoint such other party its sales agent for such Shares. In either case, the contract shall be on such terms and conditions as the Trustees may in their discretion determine not inconsistent with the provisions of this Article IV or the By-Laws; and such contract may also provide for the repurchase or sale of Shares of the Trust by such other party as principal or as agent of the Trust and may provide that such other party may enter into selected dealer agreements with registered securities dealers and brokers and servicing and similar agreements with persons who are not registered securities dealers to further the purposes of the distribution or repurchase of the Shares of the Trust.
Purchase Arrangements Section 6.1. Purchaser Orders; Product Quantities Section 6.2. Placement of Orders Section 6.3. PLC License Section 6.4. Failure to Supply Section 6.5. Technology Escrow and Transfer
Employment Arrangements Dentist shall have terminated his or her employment agreement and executed an employment agreement ("Employment Agreement") with the Practice in form and substance attached hereto as EXHIBIT 7.8 and otherwise satisfactory to Dentist and Pentegra.
PAYMENT ARRANGEMENTS 4.1 A pre-financing payment shall be made to the participant no later than (whichever comes first): 30 calendar days after the signature of the agreement by both parties the start date of the mobility period [optional: or upon receipt of confirmation of arrival by the beneficiary] representing [between 70% and 100%] of the amount specified in Article 3 [NA may add: per semester]. In case the participant did not provide the supporting documents in time, according to the sending institution's timeline, a later payment of the pre-financing can be exceptionally accepted.

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