Common use of Exchange of Option Clause in Contracts

Exchange of Option. This Agreement (and the Option granted by this Agreement) are exchangeable, without expense, at the option of Holder, upon presentation and surrender of this Agreement at the principal office of Issuer, for other Agreements providing for Options of different denominations entitling Holder to purchase, on the same terms and subject to the same conditions as are set forth in this Agreement, in the aggregate the same number of shares of Common Stock subject to this Option. The terms "Agreement" and "Option" as used in this Agreement include any stock option agreements and related options for which this Agreement (and the Option granted by this Agreement) may be exchanged. Upon receipt by Issuer of evidence reasonably satisfactory to it of the loss, theft, destruction or mutilation of this Agreement, and (in the case of loss, theft or destruction) of reasonably satisfactory indemnification, and upon surrender and cancellation of this Agreement, if mutilated, Issuer will execute and deliver a new Agreement of like tenor and date. Any such new Agreement executed and delivered shall constitute an additional contractual obligation on the part of Issuer, whether or not the Agreement so lost, stolen, destroyed or mutilated shall at any time be enforceable by anyone.

Exchange of Option. This Agreement (and the Option granted by this Agreementhereby) are exchangeable, without expense, at the option of HolderGrantee, upon presentation and surrender of this Agreement at the principal office of Issuer, for other Agreements agreements providing for Options of different denominations entitling Holder the holder thereof to purchase, on the same terms and subject to the same conditions as are set forth in this Agreementherein, in the aggregate the same number of shares of Common Stock subject to this Optionpurchasable hereunder. The terms "Agreement" and "Option" as used in this Agreement herein include any stock option agreements and related options for which this Agreement (and the Option granted by this Agreementhereby) may be exchanged. Upon receipt by Issuer of evidence reasonably satisfactory to it of the loss, theft, destruction or mutilation of this Agreement, and (in the case of loss, theft or destruction) of reasonably satisfactory indemnification, and upon surrender and cancellation of this Agreement, if mutilated, Issuer will execute and deliver a new Agreement of like tenor and date. Any such new Agreement executed and delivered shall constitute an additional contractual obligation on the part of Issuer, whether or not the Agreement so lost, stolen, destroyed or mutilated shall at any time be enforceable by anyone.

Exchange of Option. This Agreement (and the Option granted by this Agreement) hereby are exchangeable, without expense, at the option of HolderGrantee, upon presentation and surrender of this Agreement at the principal office of Issuer, for other Agreements agreements providing for Options of different denominations entitling Holder the holder thereof to purchase, on the same terms and subject to the same conditions as are set forth in this Agreementherein, in the aggregate the same number of shares of Common Stock subject to this Optionpurchasable hereunder. The terms "Agreement" and "Option" as used in this Agreement Section 4 include any stock option agreements and related options for which this Agreement (and the Option granted by this Agreement) hereby may be exchanged. Upon receipt by Issuer of evidence reasonably satisfactory to it of the loss, theft, destruction or mutilation of this Agreement, and (in the case of loss, theft or destruction) of reasonably satisfactory indemnification, and upon surrender and cancellation of this Agreement, if mutilated, Issuer will shall execute and deliver a new Agreement of like tenor and date. Any such new Agreement executed and delivered shall constitute an additional contractual obligation on the part of Issuer, whether or not the Agreement so lost, stolen, destroyed or mutilated shall at any time be enforceable by anyone.

Exchange of Option. This Agreement (and the Option granted by this Agreement) hereby are exchangeable, without expense, at the option of HolderGrantee, upon presentation and surrender of this Agreement at the principal office of Issuer, for other Agreements agreements providing for Options of different denominations entitling Holder the holder thereof to purchase, on the same terms and subject to the same conditions as are set forth in this Agreementherein, in the aggregate the same number of shares of Common Stock subject to this Optionpurchasable hereunder. The terms "Agreement" and "Option" as used in this Agreement Section 4 include any stock option agreements and related options for which this Agreement (and the Option granted by this Agreement) hereby may be exchanged. Upon receipt by Issuer of evidence reasonably satisfactory to it of the loss, theft, destruction or mutilation of this Agreement, and (in the case of loss, theft or destruction) of reasonably satisfactory indemnification, and upon surrender and cancellation of this Agreement, if mutilated, Issuer will execute and deliver a new Agreement of like tenor and date. Any such new Agreement executed and delivered shall constitute an additional contractual obligation on the part of Issuer, whether or not the Agreement so lost, stolen, destroyed or mutilated shall at any time be enforceable by anyone.

Exchange of Option. This Agreement (and the Option granted by this Agreementhereby) are exchangeable, without expense, at the option of HolderGrantee, upon presentation and surrender of this Agreement at the principal office of Issuer, for other Agreements agreements providing for Options of different denominations entitling Holder the holder thereof to purchase, on the same terms and subject to the same conditions as are set forth in this Agreement, in the aggregate the same number of shares of Common Stock subject to purchasable under this OptionAgreement. The terms "Agreement" and "Option" as used in this Agreement include any stock option agreements and related options for which this Agreement (and the Option granted by this Agreementhereby) may be exchanged. Upon receipt by Issuer of evidence reasonably satisfactory to it of the loss, theft, destruction or mutilation of this Agreement, and (in the case of loss, theft or destruction) of reasonably satisfactory indemnification, and upon surrender and cancellation of this Agreement, if mutilated, Issuer will execute and deliver a new Agreement of like tenor and date. Any such new Agreement executed and delivered shall constitute an additional contractual obligation on the part of Issuer, whether or not the Agreement so lost, stolen, destroyed or mutilated shall at any time be enforceable by anyone.

Exchange of Option. This Agreement (and the Option ------------------ granted by this Agreement) hereby are exchangeable, without expense, at the option of HolderGrantee, upon presentation and surrender of this Agreement at the principal office of Issuer, for other Agreements agreements providing for Options of different denominations entitling Holder the holder thereof to purchase, on the same terms and subject to the same conditions as are set forth in this Agreementherein, in the aggregate the same number of shares of Common Stock subject to this Optionpurchasable hereunder. The terms "Agreement" and "Option" as used in this Agreement Section 4 include any stock option agreements and related options for which this Agreement (and the Option granted by this Agreement) hereby may be exchanged. Upon receipt by Issuer of evidence reasonably satisfactory to it of the loss, theft, destruction or mutilation of this Agreement, and (in the case of loss, theft or destruction) of reasonably satisfactory indemnification, and upon surrender and cancellation of this Agreement, if mutilated, Issuer will execute and deliver a new Agreement of like tenor and date. Any such new Agreement executed and delivered shall constitute an additional contractual obligation on the part of Issuer, whether or not the Agreement so lost, stolen, destroyed or mutilated shall at any time be enforceable by anyone.

Exchange of Option. This Agreement (and the Option granted by this Agreement) are exchangeable, without expense, at the option of Holder, upon presentation and surrender of this Agreement at the principal office of Issuer, for other Agreements providing for Options of different denominations entitling Holder to purchase, on the same terms and subject to the same conditions as are set forth in this Agreement, in the aggregate the same number of shares of Common Stock subject to this Option. The terms "Agreement" and "Option" as used in this Agreement include any stock option agreements and related options for which this Agreement (and the Option granted by this Agreement) may be exchanged. Upon receipt by Issuer of evidence reasonably satisfactory to it of the loss, theft, destruction or mutilation of this Agreement, and (in the case of loss, theft or destruction) of reasonably satisfactory indemnification, and upon surrender and cancellation of this Agreement, if mutilated, Issuer will execute and deliver a new Agreement of like tenor and date. Any -6- such new Agreement executed and delivered shall constitute an additional contractual obligation on the part of Issuer, whether or not the Agreement so lost, stolen, destroyed or mutilated shall at any time be enforceable by anyone.

Exchange of Option. This Agreement (and the Option granted by this Agreement) are exchangeable, without expense, at the option of the Holder, upon presentation and surrender of this Agreement at the VB's principal office of Issueroffice, for other Agreements providing for Options of different denominations entitling the Holder thereof to purchase, on the same terms and subject to the same conditions as are set forth in this Agreement, in the aggregate aggregate, the same number of shares of Common Stock subject to purchasable under this OptionAgreement. The terms "Agreement" and "Option" as used in this Agreement include any stock option agreements Stock Option Agreements and related options Options for which this Agreement (and the Option granted by this Agreement) may be exchanged. Upon receipt by Issuer VB of evidence reasonably satisfactory to it of the loss, theft, destruction or mutilation of this Agreement, and (in the case of loss, theft or destruction) of of, reasonably satisfactory indemnification, and upon surrender and cancellation of this Agreement, if mutilated, Issuer VB will execute and deliver a new Agreement of like tenor and date. Any such new Agreement executed and delivered shall constitute an additional contractual obligation on the part of IssuerVB, whether or not the Agreement so lost, stolen, destroyed or mutilated shall at any time be enforceable by anyone.

Exchange of Option. This Agreement (and the Option granted by this Agreementhereby) are exchangeable, without expense, at the option of the Holder, upon presentation and surrender of this Agreement at the principal office of Issuer, for other Agreements providing for Options of different denominations entitling the Holder thereof to purchase, on the same terms and subject to the same conditions as are set forth in this Agreementherein, in the aggregate the same number of shares of Common Stock subject to this Optionpurchasable hereunder. The terms "Agreement" and "Option" as used in this Agreement herein include any stock option agreements Agreements and related options Options for which this Agreement (and the Option granted by this Agreementhereby) may be exchanged. Upon receipt by Issuer from Holder of evidence reasonably satisfactory to it of the loss, theft, destruction or mutilation of this Agreement, and (in the case of loss, theft theft, destruction or destructionmutilation) of reasonably satisfactory indemnificationindemnification by Holder, and upon surrender and cancellation of this Agreement, if mutilated, Issuer will execute and deliver a new Agreement of like tenor and date. Any such new Agreement executed and delivered shall constitute an additional contractual obligation on date in substitution for the part of Issuer, whether or not the Agreement so lost, stolen, destroyed or mutilated shall at any time be enforceable by anyoneAgreement.

Exchange of Option. This Agreement (and the Option granted by this Agreementhereby) are exchangeable, without expense, at the option of the Holder, upon presentation and surrender of this Agreement at the principal office of Issuer, for other Agreements providing for Options of different denominations entitling the Holder thereof to purchase, on the same terms and subject to the same conditions as are set forth in this Agreementherein, in the aggregate aggre gate the same number of shares of Common Stock subject to this Optionpurchasable hereunder. The terms "Agreement" and "Option" as used in this Agreement herein include any stock option agreements Agreements and related options Options for which this Agreement (and the Option granted by this Agreementhereby) may be exchanged. Upon receipt by Issuer from Holder of evidence reasonably satisfactory to it of the loss, theft, destruction or mutilation of this Agreement, and (in the case of loss, theft theft, destruction or destructionmutilation) of reasonably satisfactory indemnificationindemnification by Holder, and upon surrender and cancellation of this Agreement, if mutilated, Issuer will execute and deliver a new Agreement of like tenor and date. Any such new Agreement executed and delivered shall constitute an additional contractual obligation on date in substitution for the part of Issuer, whether or not the Agreement so lost, stolen, destroyed or mutilated shall at any time be enforceable by anyoneAgreement.

Exchange of Option. This Agreement (and the Option granted by this Agreement) hereby are exchangeable, without expense, at the option of HolderGrantee, upon presentation and surrender of this Agreement at the principal office of Issuer, for other Agreements agreements providing for Options of different denominations entitling Holder the holder thereof to purchase, on the same terms and subject to the same conditions as are set forth in this Agreementherein, in the aggregate the same number of shares of Common Stock subject to this Optionpurchasable hereunder. The terms "Agreement" and "Option" as used in this Agreement Section 4 include any stock option agreements and related options for which this Agreement (and the Option granted by this Agreement) hereby may be exchanged. Upon receipt by Issuer of evidence reasonably satisfactory to it of the loss, theft, destruction or mutilation of this Agreement, and (in the case of loss, theft or destruction) of reasonably satisfactory indemnification, and upon surrender and cancellation of this Agreement, if mutilated, Issuer will execute and deliver a new Agreement of like tenor and date. Any such new Agreement executed and delivered shall constitute an additional contractual obligation obli- gation on the part of Issuer, whether or not the Agreement so lost, stolen, destroyed or mutilated shall at any time be enforceable by anyone.

Exchange of Option. This Agreement (and the Option granted by this Agreement) are exchangeable, without expense, at the option of Holder, upon presentation and surrender of this Agreement at the principal office of IssuerHeartland, for other Agreements providing for Options of different denominations entitling Holder to purchase, on the same terms and subject to the same conditions as are set forth in this Agreement, in the aggregate the same number of shares of Common Stock subject to this Option. The terms "“Agreement" ” and "“Option" ” as used in this Agreement include any stock option agreements and related options for which this Agreement (and the Option granted by this Agreement) may be exchanged. Upon receipt by Issuer Heartland of evidence reasonably satisfactory to it of the loss, theft, destruction or mutilation of this Agreement, and (in the case of loss, theft or destruction) of reasonably satisfactory indemnification, and upon surrender and cancellation of this Agreement, if mutilated, Issuer Heartland will execute and deliver a new Agreement of like tenor and date. Any such new Agreement executed and delivered shall constitute an additional contractual obligation on the part of IssuerHeartland, whether or not the Agreement so lost, stolen, destroyed or mutilated shall at any time be enforceable by anyone.