Common use of Exercise of Optional Redemption Clause in Contracts

Exercise of Optional Redemption. If the Company elects to effect an Optional Redemption, the Company shall send, to the holders of record of the shares of Series A Preferred Stock to be redeemed at their respective addresses as they shall appear on the records of the Company, a written notice (i) notifying such holders of the election of the Company to redeem such shares of Series A Preferred Stock, the number of shares of Series A Preferred Stock to be redeemed from such holder, and the Redemption Date, and (ii) stating the place or places at which the shares of Series A Preferred Stock called for redemption shall, upon presentation and surrender of the certificates evidencing such shares of Series A Preferred Stock, be redeemed (and other instructions a Holder must follow to receive payment), and the Redemption Price therefor (such notice, a “Notice of Optional Redemption”). The Redemption Date selected by the Company shall be no less than ten (10) Business Days and no more than thirty (30) Business Days after the date on which the Company provides the Notice of Optional Redemption to the Holders. The Notice of Optional Redemption shall state the Redemption Date selected by the Company.

Exercise of Optional Redemption. If the Company elects to effect an Optional Redemption, the Company shall send, to the holders of record of the shares of Series A B Preferred Stock Shares to be redeemed at their respective addresses as they shall appear on the records of the Company, a written notice (i) notifying such holders of the election of the Company to redeem such shares of Series A B Preferred StockShares, the number of shares of Series A B Preferred Stock Shares to be redeemed from such holder, and the Redemption Date, and (ii) stating the place or places at which the shares of Series A B Preferred Stock Shares called for redemption shall, upon presentation and surrender of the certificates evidencing such shares of Series A B Preferred StockShares, be redeemed (and other instructions a Holder must follow to receive payment), and the Redemption Price redemption price therefor (such notice, a “Notice of Optional Redemption”). The Redemption Date selected by the Company shall be no less than ten (10) Business Days and no more than thirty (30) Business Days after the date on which the Company provides the Notice of Optional Redemption to the Holders. The Notice of Optional Redemption shall state the Redemption Date selected by the Company.Xxxxxxxx.xxx, Corp. Page 16

Exercise of Optional Redemption. If the Company elects to effect an Optional Redemption, the Company shall send, to the holders of record Holders of the shares of Series A Preferred Stock Shares to be redeemed at their respective addresses as they shall appear on the records register of Members of the Company, a written notice (i) notifying such holders Holders of the election of the Company to redeem such shares Series A Preferred Shares, the number of Series A Preferred Stock, the number of shares of Series A Preferred Stock Shares to be redeemed from such holderHolder, and the Redemption Date, and (ii) stating the place or places at which the shares of Series A Preferred Stock Shares called for redemption shall, upon presentation and surrender of the certificates (if any) evidencing such shares of Series A Preferred StockShares, be redeemed (and other instructions a Holder must follow to receive payment), and the Redemption Price redemption price therefor (such notice, a “Notice of Optional Redemption”). The Redemption Date selected by the Company shall be no less than ten (10) Business Days and no more than thirty (30) Business Days after the date on which the Company provides the Notice of Optional Redemption to the Holders. The Notice of Optional Redemption shall state the Redemption Date selected by the Company.

Exercise of Optional Redemption. If the Company elects to effect an Optional Redemption, the Company shall send, send to the holders of record of the shares of Series A Preferred Stock to be redeemed at their respective addresses as they shall appear on the records of the Company, Holders a written notice in accordance with Section 16 (i) notifying such holders the Holders of the election of the Company to redeem such all shares of Series A Preferred Stock, the number of shares of Series A C Preferred Stock to be redeemed from such holder, and the Redemption Date, and (ii) stating the place or places at which the shares of Series A C Preferred Stock called for redemption shall, upon presentation and surrender of the certificates evidencing such shares of Series A C Preferred Stock, be redeemed (and other instructions a Holder must follow to receive payment), and the Redemption Price therefor (such notice, a “Notice of Optional Redemption”). The Redemption Date selected by the Company shall be no less than ten (10) Business Days and no more than thirty (30) Business Days after the date on which the Company provides the Notice of Optional Redemption to the Holders. The Notice of Optional Redemption shall state the Redemption Date selected by the Company. Any full or partial redemption of shares of Series C Preferred Stock pursuant to Section 6(a) shall be on a pro rata basis from the Holders based on the Redemption Price of Capital Stock held by them.