Common use of EXCHANGE OF OPTION Clause in Contracts

EXCHANGE OF OPTION. This Option may be exchanged for a number of Options of the same tenor as this Option for the purchase in the aggregate of the same number of Option Shares of Network-1 as are purchasable upon the exercise of this Option, upon surrender hereof at the office of Network-1 with written instructions as to the denominations of the Options to be issued in exchange.

Appears in 10 contracts

Samples: Stock Option Agreement (Network 1 Technologies Inc), Employment Agreement (Network 1 Security Solutions Inc), Stock Option Agreement (Network 1 Security Solutions Inc)

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