Common use of Partial Exercise, Conversion or Transfer Clause in Contracts

Partial Exercise, Conversion or Transfer. Subject to the restrictions in Section 3 hereof, this Purchase Option may be exercised, converted or assigned in whole or in part. In the event of the exercise, conversion or assignment hereof in part only, upon surrender of this Purchase Option for cancellation, together with the duly executed exercise or assignment form and funds (except in the case of conversion) sufficient to pay any Exercise Price and/or transfer tax, the Company shall cause to be delivered to the Holder without charge a new Purchase Option of like tenor to this Purchase Option in the name of the Holder evidencing the right of the Holder to purchase the aggregate number of Units purchasable hereunder as to which this Purchase Option has not been exercised, converted or assigned.

Partial Exercise, Conversion or Transfer. Subject to the restrictions in Section 3 hereof, this Purchase Option may be exercised, converted exercised or assigned in whole or in part. In the event of the exercise, conversion or assignment hereof in part only, upon surrender of this Purchase Option for cancellation, together with the duly executed exercise or assignment form and funds (except in the case of conversion) sufficient to pay any Exercise Price and/or transfer tax, the Company shall cause to be delivered to the Holder without charge a new Purchase Option of like tenor to this Purchase Option in the name of the Holder evidencing the right of the Holder to purchase the aggregate number of Units Shares purchasable hereunder as to which this Purchase Option has not been exercised, converted or assigned.

Partial Exercise, Conversion or Transfer. Subject to the restrictions in Section 3 hereof, this Purchase Option may be exercised, converted or assigned in whole or in part. In the event of the exercise, conversion or assignment hereof in part only, upon surrender of this Purchase Option for cancellation, together with the duly executed exercise or assignment form and funds (except in the case of conversion) sufficient to pay any Exercise Price and/or transfer tax, the Company shall cause to be delivered to the Holder without charge a new Purchase Option of like tenor to this Purchase Option in the name of the Holder evidencing the right of the Holder to purchase the aggregate number of Units shares of Common Stock purchasable hereunder as to which this Purchase Option has not been exercised, converted or assigned.

Partial Exercise, Conversion or Transfer. Subject to the restrictions in Section 3 hereof, this Purchase Option may be exercised, converted or assigned in whole or in part. In the event of the exercise, conversion or assignment hereof in part only, upon surrender of this Purchase Option for cancellation, together with the duly executed exercise or assignment form and funds (except in the case of conversion) sufficient to pay any Exercise Price and/or transfer tax, the Company shall cause to be delivered to the Holder without charge a new Purchase Option of like tenor to this Purchase Option in the name of the Holder evidencing the right of the Holder to purchase the aggregate number of Units Shares purchasable hereunder as to which this Purchase Option has not been exercised, converted or assigned.