Common use of Procedure to Exercise Option Clause in Contracts

Procedure to Exercise Option. (a) To exercise the Put Option during the Exercise Period, the Company shall deliver a written notice in accordance with Section 4.2 hereof in the form attached hereto as Annex A (an “Exercise Notice”) to the Investor, which Exercise Notice shall state that the Company is thereby exercising the Put Option and shall set forth the number of Put Option Shares to be sold to the Investor pursuant to such exercise and the purchase price therefor. The date for the closing of the exercise of the Put Option shall be the Closing Date.

Procedure to Exercise Option. (a) To exercise the Put Option during the Exercise Period, the Company shall deliver a written notice in accordance with Section 4.2 hereof in the form attached hereto as Annex A B (an “"Exercise Notice”") to the Investoreach Significant Equityholder, which Exercise Notice shall state that the Company is thereby exercising the Put Option and shall set forth state that the number of Put Option Shares to be sold to the Investor pursuant to such exercise and the purchase price therefor. The date for the closing of the exercise of the Put Option (the "Closing Date") shall be the Closing Effective Date.

Procedure to Exercise Option. (a) To exercise the Put Option during the Exercise Period, the Company shall deliver a written notice in accordance with Section 4.2 hereof in the form attached hereto as Annex A B (an “Exercise Notice”) to the Investoreach Significant Equityholder, which Exercise Notice shall state that the Company is thereby exercising the Put Option and shall set forth state that the number of Put Option Shares to be sold to the Investor pursuant to such exercise and the purchase price therefor. The date for the closing of the exercise of the Put Option (the “Closing Date”) shall be the Closing Effective Date.