Common use of Option Exchange Clause in Contracts

Option Exchange. We do not believe that there will be a tax liability solely as the result of your tender of eligible options for replacement with New Options; however, the tax laws in this area are not certain and so we cannot predict the tax consequences with certainty.

Option Exchange. We do not believe that there will be a tax liability solely as the result of your tender of eligible options for replacement with New Options; however, the tax laws in this area are not certain and so we cannot predict the tax consequences with certainty.