Common use of PURCHASE, SALE AND DELIVERY OF THE OPTION SHARES Clause in Contracts

PURCHASE, SALE AND DELIVERY OF THE OPTION SHARES. (i) The Selling Stockholder hereby grants to the respective Underwriters an option (the "Option") to purchase from the Selling Stockholder up to 240,000 Option Shares, in the same proportion as each Underwriter has agreed to purchase the Firm Shares, at and for a price of $______ for each Option Share; provided, however, that the Option may be exercised only for the purpose of covering any over-allotments which may be made by you in connection with the distribution and sale of the Firm Shares.

PURCHASE, SALE AND DELIVERY OF THE OPTION SHARES. (i) The Selling Stockholder hereby grants to the respective Underwriters an option (the "Option") to purchase from the Selling Stockholder up to 240,000 427,500 Option Shares, in the same proportion as each Underwriter has agreed to purchase the Firm Shares, at and for a price of $______ for each Option Share; provided, however, that the Option may be exercised only for the purpose of covering any over-allotments which may be made by you in connection with the distribution and sale of the Firm Shares.

PURCHASE, SALE AND DELIVERY OF THE OPTION SHARES. (i) The Selling Stockholder Company hereby grants to the respective Underwriters an option (the "Option") to purchase from the Selling Stockholder Company up to 240,000 150,000 Option Shares, in the same proportion as each Underwriter has agreed to purchase the Firm Shares, at and for a price of $______ for each Option Share; provided, however, that the Option may be exercised only for the purpose of covering any over-allotments which may be made by you in connection with the distribution and sale of the Firm Shares.

PURCHASE, SALE AND DELIVERY OF THE OPTION SHARES. (i) The Selling Stockholder Company hereby grants to the respective Underwriters an option (the "Option") to purchase from the Selling Stockholder Company up to 240,000 375,000 Option Shares, in the same proportion as each Underwriter has agreed to purchase the Firm Shares, at and for a price of $______ for each Option Share; provided, however, that the Option may be exercised only for the purpose of covering any over-allotments which may be made by you in connection with the distribution and sale of the Firm Shares.