Common use of Exercise Notice Clause in Contracts

Exercise Notice. 2.3.1 If Party A exercises the option, it shall notify Party B in writing ten working days before the delivery date (as defined below). The notice shall specify the following terms: (a) After the option is exercised, the effective delivery date of the equity (the “Delivery Date”); (b) The name of the holder of the equity that should be registered after the option is exercised; (c) The number of shares purchased from Party B; (d) The exercise price and its terms of payment; and (e) Power of attorney (if a third party designated by Party A exercises the option on its behalf). 2.3.2 The Parties agree that Party A may appoint a third party at any time to exercise the option and be registered as the equity holder in the name of the third party.