Common use of Investors’ Option to Purchase Clause in Contracts

Investors’ Option to Purchase. (a) Each Investor shall have an option, exercisable for a period of 15 days from the date of delivery of the Investor Notice, to purchase its pro rata share of the Remaining Shares for the consideration per share and on terms and conditions no less favorable than those set forth in the Seller’s Notice. Such option shall be exercised by delivery of written notice to the Secretary of the Company. Alternatively, each Investor may within the same 15-day period notify the Secretary of the Company and the Selling Restricted Stockholder in writing of its desire to participate in the sale of the Shares pursuant to Section 3.6 on the terms set forth in the Seller’s Notice and the number of Shares it proposes to sell.

Investors’ Option to Purchase. (a) Each 6.1. Subject to Section 7.1, each Investor shall have an option, exercisable for a period of 15 days from the date of delivery of the Investor Notice, to purchase its purchase, on a pro rata share basis according to the number of Shares owned by such Investor, the Remaining Shares for the consideration per share and on the terms and conditions no less favorable than those set forth in the Seller’s Notice. Such option shall be exercised by delivery by such Investor of written notice to the Secretary of the Company. Alternatively, each Investor may within the same 15-day period period, notify the Secretary of the Company and the Selling Restricted Stockholder in writing of its desire de sire to participate in the sale of the Shares pursuant to Section 3.6 on the terms set forth in the Seller’s Notice Notice, and the number of Shares it proposes wishes to sell.