Common use of Repurchase and Cancellation Clause in Contracts

Repurchase and Cancellation. In consideration for the Purchase Price, (i) the Securityholder hereby sells, assigns and transfers to the Company, and the Company hereby accepts, purchases and acquires, all of the Securityholder’s right, title and interest in and to the Repurchased Securities and (ii) the Securityholder and the Company agree that the Options shall be cancelled as of the date hereof.

Repurchase and Cancellation. In consideration for the Purchase Price, (i) the Securityholder hereby sells, assigns and transfers to the Company, and the Company hereby accepts, purchases and acquires, all of the Securityholder’s right, title and interest in and to the Repurchased Securities and (ii) and (ii) the Securityholder and the Company agree that the Options shall be cancelled as of the date hereof.