Common use of Method for Exercising the Option Clause in Contracts

Method for Exercising the Option. The Option may be exercised in whole or in part only by delivery in person or through certified or registered mail to the Company at its principal office in Houston, Texas (attention: Corporate Secretary) of written notice specifying the Option that is being exercised and the number of shares of Stock with respect to which the Option is being exercised. The notice must be accompanied by payment of the total Option Price, payable in cash or by certified or cashier's check to the order of BrightStar Information Technology Group, Inc. Upon such notice to the Corporate Secretary and payment of the total Option Price, the exercise of the Option shall be deemed to be effective, and a properly executed certificate or certificates representing the Stock so purchased shall be issued by the Company and delivered to the Option Holder.