Common use of Purchase by Third Party Clause in Contracts

Purchase by Third Party. At the option of the board of directors of the Company, the Company may allow all, or any portion greater than 25 percent, of the Warrant or any Common Stock required to be purchased by the Company pursuant to Section 7(a) or 7(b) above, to be purchased directly by any of the Company's shareholders provided, however, that should any of the Company's shareholders fail to make payment of the required purchase price on the designated purchase date, the Company shall be required to purchase such portion of this Warrant or such Common Stock intended to be purchased by such shareholders of the Company.

Purchase by Third Party. At the option of the board Board of directors Directors of the Company, the Company may allow all, or any portion greater than 25 percent, of the Warrant or any Common Stock required to be purchased by the Company pursuant to Section 7(a) or 7(b) above, to be purchased directly by any of the Company's shareholders shareholders, provided, however, that should any of the Company's shareholders fail to make payment of the required purchase price on the designated purchase date, the Company shall be required to purchase such portion of this Warrant or such Common Stock intended to be purchased by such shareholders of the Company.

Purchase by Third Party. At the option of the board Board of directors Directors of the Company, the Company may allow all, or any portion greater than 25 percent, of the Warrant or any Shares of Common Stock required to be purchased by the Company Company, pursuant to Section 7(a) or 7(b) above, to be purchased directly by any of the Company's shareholders stockholders provided, however, that should any of the Company's shareholders stockholders fail to make payment of the required purchase price on the designated purchase date, the Company shall be required to purchase such portion of this Warrant or such the Shares of Common Stock intended to be purchased by such shareholders stockholders of the Company.