Common use of Call Option Clause in Contracts

Call Option. 3.1 The Shareholder hereby grants to CWC Inc. a call option (the “Call Option”), exercisable at any time during the Option Exercise Period, to require the Shareholder to sell all of the shares held by the Shareholder in Carve-Out Holdco (the “Call Option Shares”) to CWC Inc. (or such other person as CWC Inc. may elect) for a price of £1.00.