Common use of Transfer of Options Clause in Contracts

Transfer of Options. Subject to all applicable securities laws, the Options shall be transferable only on the books of the Company maintained at the office of the Option Agent, upon delivery of this Agreement or a suitable instrument of transfer duly endorsed by the Holder or by its duly authorized attorney or representative accompanied by proper evidence of succession, assignment or authority to transfer. Upon any registration transfer, the Company shall execute and deliver a new copy of this Agreement to the person entitled thereto.