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All of the said Acquiree Stock Options are held by certain of the Shareholders. The parties hereto agree that upon the effectuation of the Acquisition: (i) all Acquiree Stock Options shall be exercisable for the purchase of shares of the common stock of the Acquoror and shall no longer be exercisable for the purchase of shares of the capital stock of the Acquiree; (ii) the number of shares purchasable pursuant to the exercise of the Acquiree Stock Options shall be increased at a ratio of 1:3.25, enabling the holders of such options to purchase 3.25 shares of Acquiror's common stock for each share of Acquiree Capital Stock for which such options were formerly exercisable, at any time during the respective option exercise periods presently in effect; and (iii) the exercise prices of each Acquiree Stock Option will be adjusted downward so that the exercise price for the purchase of 3.25 shares of Acquiror's Common Stock after the Acquisition shall be the same as the exercise price for the purchase of one share of Acquiree's stock prior to the Acquisition.", "hash": 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Typically, this clause outlines the timeframe, method of notification, and any requirements or payments necessary to validly exercise the option, such as purchasing additional shares or extending a contract. Its core function is to provide a clear and enforceable process for exercising contractual options, thereby reducing ambiguity and potential disputes between the parties."}, "json": true, "cursor": ""}}