Common use of Exchange of Option Clause in Contracts

Exchange of Option. Subject to the provision of restrictions on ------------------ transfer related to the requirement for registration under the Act and such other restrictions as may be set forth herein; (i) this Option is exchangeable at the option of the Holder at the aforesaid office of the company for other Options of different denominations entitling the Holder thereof to purchase in the aggregate the same number of Common Shares as are purchasable hereunder; and (ii) this Option may be divided or combined with other Options which carry the same rights, in either case, upon presentation hereof at the aforesaid office of the company together with a written notice, signed by the Holder hereof, specifying the names and denominations in which new Options are to be issued, and the payment of any transfer tax due in connection therewith.

Exchange of Option. Subject to the provision of restrictions on ------------------ transfer related to the requirement for registration under the Act and such other restrictions as may be set forth herein; (i) this Option is exchangeable at the option of the Holder at the aforesaid office of the company for other Options of different denominations entitling the Holder thereof to purchase in the aggregate the same number of Common Shares as are purchasable hereunder; and (ii) this Option may be divided or combined with other Options which carry the same rights, in either case, upon presentation hereof at the aforesaid office of the company together with a written notice, signed by the Holder hereof, specifying the names and denominations in which new Options are to be issued, and the payment of any transfer tax due in connection therewith.