Exchange of Option. Subject to Section 2(a) hereof, upon surrender for exchange of any Option to the Company, the Company at its expense will promptly issue and deliver to or upon the order of the holder thereof a new Option or like tenor, in the name of such holder, calling in the aggregate for the purchase of the number of Shares called for on the face of the Option surrendered. The Option and all rights thereunder are not transferable in whole or in part upon the books of the Company.
Appears in 7 contracts
Samples: Option Agreement (Data Call Technologies), Option Agreement (Data Call Technologies), Option Agreement (Texhoma Energy Inc)
