Common use of Notice of Intended Disposition Clause in Contracts

Notice of Intended Disposition. In the event the Optionee desires to accept a bona fide third-party offer to purchase any or all of the Purchased Shares (the shares subject to such offer to be hereinafter referred to as the "Target Shares"), the Optionee shall promptly (i) deliver to the Secretary of the Company written notice of the offer and the basic terms and conditions thereof, including the proposed purchase price, and (ii) provide satisfactory proof that the disposition of the Target Shares to the third-party offeror would not be in contravention of the representations made by Optionee in his Investment Letter to the Company, a form of which is attached hereto as Exhibit B.

Notice of Intended Disposition. In the event the Optionee desires to accept a bona fide third-party offer to purchase any or all of the Purchased Shares (the shares subject to such offer to be hereinafter referred to as the "Target Shares"), the Optionee shall promptly (iA) deliver to the Secretary of the Company written notice of the offer and the basic terms and conditions thereof, including the proposed purchase price, and (iiB) provide satisfactory proof that the disposition of the Target Shares to the third-party offeror would not be in contravention of the representations made by Optionee in his or her Investment Letter to the Company, a form of which is attached hereto as Exhibit B.