Common use of Procedure for Exercise of Option Clause in Contracts

Procedure for Exercise of Option. The Option may be exercised only by (a) delivery by the Holder to the Company of written notice of exercise and (b) surrender of this Agreement to the Company. Each exercise notice must set forth the number of shares of Common Stock for which the Option is exercised and must be dated and signed on behalf of the Holder by both Marc ▇. ▇▇▇▇▇▇▇▇ ▇▇▇ Dani▇▇ ▇.

Appears in 2 contracts

Sources: Stock Option Agreement (BGLS Inc), Stock Option Agreement (BGLS Inc)