Forfeiture of Option. Unless otherwise agreed to in writing by the Optionor and the Optionee or unless previously exercised, the Option shall be deemed to be forfeited, and no longer capable of being exercised by the Optionee, on the Expiry Date and such Notes outstanding as of the Expiry Date shall be converted into Shares in accordance Section 3.5.
Appears in 5 contracts
Samples: Option Agreement (Asep Medical Holdings Inc.), Option Agreement (Asep Medical Holdings Inc.), Option Agreement (Asep Medical Holdings Inc.)