Common use of TB’s Repurchase Right Clause in Contracts

TB’s Repurchase Right. If the Company does not elect to repurchase all of the Issued Shares pursuant to the Repurchase Right, TB shall be entitled to exercise the Repurchase Right for the Issued Shares that the Company has elected not to purchase (the “Available Shares”). As soon as practicable, but in any event within 90 days after a Repurchase Event, the Company shall give written notice (the “Option Notice”) to TB setting forth the number of Available Shares and the Repurchase Price for the Available Shares, determined in accordance with Section 9(c) above. TB may elect to purchase any or all of the Available Shares by giving written notice to the Company within 30 days after the Option Notice has been given by the Company. As soon as practicable, and in any event within ten days after the expiration of the 30-day period set forth above, the Company shall notify the Optionee of the number of shares of Stock being repurchased from such Optionee by TB (the “Supplemental Repurchase Notice”). At the time the Company delivers the Supplemental Repurchase Notice to the Optionee, the Company shall also deliver written notice to TB setting for the number of shares TB is entitled to repurchase, the aggregate Repurchase Price and the time and place of the closing of the transaction.

TB’s Repurchase Right. If the Company does not elect to repurchase all of the Issued Shares pursuant to the Repurchase Right, TB shall be entitled to exercise the Repurchase Right for the Issued Shares that the Company has elected not to purchase (the “Available Shares”). As soon as practicable, but in any event within 90 days after a Repurchase Event, the Company shall give written notice (the “Option Restricted Stock Notice”) to TB setting forth the number of Available Shares and the Repurchase Price for the Available Shares, determined in accordance with Section 9(c3(i) above. TB may elect to purchase any or all of the Available Shares by giving written notice to the Company within 30 days after the Option Restricted Stock Notice has been given by the Company. As soon as practicable, and in any event within ten days after the expiration of the 30-day period set forth above, the Company shall notify the Optionee Grantee of the number of shares of Stock being repurchased from such Optionee Grantee by TB (the “Supplemental Repurchase Notice”). At the time the Company delivers the Supplemental Repurchase Notice to the Optioneegrantee, the Company shall also deliver written notice to TB setting for forth the number of shares TB is entitled to repurchase, the aggregate Repurchase Price and the time and place of the closing of the transaction.