Common use of Exchange of Certificate Clause in Contracts

Exchange of Certificate. Any Option Certificate may be exchanged for another certificate or certificates entitling the Option Holder to purchase a like aggregate number of Shares as the certificate or certificates surrendered then entitled such Option Holder to purchase. Any Option Holder desiring to exchange an Option Certificate shall make such request in writing delivered to the Company, and shall surrender, properly endorsed, with signatures guaranteed, the certificate evidencing the Option to be so exchanged. Thereupon, the Company shall execute and deliver to the person entitled thereto a new Option Certificate as so requested.

Exchange of Certificate. Any Option Certificate may be exchanged for another certificate or certificates entitling the Option Holder to purchase a like aggregate number of Shares as the certificate or certificates surrendered then entitled such Option Holder to purchase. Any Option Holder desiring to exchange an Option Certificate shall make such request in writing delivered to the Company, and shall surrender, properly endorsed, with signatures guaranteed, the certificate evidencing the Option to be so exchanged. Thereupon, the Company shall execute and deliver to the person entitled thereto a new Option Certificate as so requested.

Exchange of Certificate. Any Option Certificate certificate may be exchanged for another certificate or certificates entitling the Option Holder Optionholder to purchase a like aggregate number of Shares as the certificate or certificates surrendered then entitled such Option Holder Optionholder to purchase. Any Option Holder Optionholder desiring to exchange an a Option Certificate certificate shall make such request in writing delivered to the Company, and shall surrender, properly endorsed, with signatures guaranteed, the certificate evidencing the Option to be so exchanged. Thereupon, the Company shall execute and deliver to the person entitled thereto a new Option Certificate certificate as so requested.

Exchange of Certificate. Any Option Certificate may be exchanged for another certificate or certificates entitling the Option Holder Optionholder to purchase a like aggregate number of Shares as the certificate or certificates surrendered then entitled such Option Holder Optionholder to purchase. Any Option Holder Optionholder desiring to exchange an Option Certificate shall make such request in writing delivered to the Company, and shall surrender, properly endorsed, with signatures guaranteed, the certificate evidencing the Option to be so exchanged. Thereupon, the Company shall execute and deliver to the person entitled thereto a new Option Certificate as so requested.

Exchange of Certificate. Any Option Certificate may be exchanged for another certificate or certificates entitling the Option Holder to purchase a like aggregate number of Shares as the certificate or certificates surrendered then entitled such Option Holder to purchase. Any Option Holder desiring to exchange an a Option Certificate shall make such request in writing delivered to the Company, and shall surrender, properly endorsed, with signatures guaranteed, the certificate evidencing the Option to be so exchanged. Thereupon, the Company shall execute and deliver to the person entitled thereto a new Option Certificate as so requested.