Common use of Replacement Option Clause in Contracts

Replacement Option. Optionee acknowledges that the option granted hereunder replaces the option granted to Optionee on August 17, 1993, which option has terminated.

Replacement Option. Optionee acknowledges that the option granted hereunder replaces the option granted to Optionee on August 17December 27, 19931991, which option has terminated.