Common use of First Put Option Clause in Contracts

First Put Option. The Buyers hereby grant to each H&Q Party the right and option (the "First Put Option") at any time during the period beginning on December 29, 2003 and ending at 8:00 P.M., New York City time, on January 5, 2004 (the "First Put Exercise Period") to require the Buyers to purchase and acquire from such H&Q Party up to the number of Covered Securities set forth opposite such H&Q Party's name on Exhibit B hereto under the heading "Upon Exercise of the First Put Option."

First Put Option. The Buyers hereby grant to each H&Q Party the right and option (the "“First Put Option"”) at any time during the period beginning on December 29, 2003 and ending at 8:00 P.M., New York City time, on January 5, 2004 (the "“First Put Exercise Period"”) to require the Buyers to purchase and acquire from such H&Q Party up to the number of Covered Securities set forth opposite such H&Q Party's ’s name on Exhibit B hereto under the heading "“Upon Exercise of the First Put Option."”