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Issuance of Shares. No Shares shall be issued pursuant to the exercise of the Option unless such issuance and exercise complies with all relevant provisions of law and the requirements of any stock exchange or quotation service upon which the Shares are then listed and any exchange control restrictions. Assuming such compliance, for United States income tax purposes the Exercised Shares shall be considered transferred to Participant on the date the Option is exercised with respect to such Exercised Shares.

Issuance of Shares. No Shares shall be issued pursuant to the exercise of thean Option unless such issuance and such exercise compliescomply with all relevant provisions of law and the requirements of any stock exchange or quotation service upon which the Shares aremay then listed and any exchange control restrictions.be listed. Assuming such compliance, for United States income tax purposes the Exercised Shares shall be considered transferred to ParticipantOptionee on the date on which the Option is exercised with respect to such Exercised Shares.

Issuance of Shares. No Shares shall be issued pursuant to the exercise of thean Option unless such issuance and such exercise compliescomply with all relevant provisions of law and the requirements of any stock exchange or quotation service upon which the Shares are then listed and any exchange control restrictions.Applicable Laws. Assuming such compliance, for United States income tax purposes the Exercised Shares shall be considered transferred to Participant on the date on which the Option is exercised with respect to such Exercised Shares.

Issuance of Shares. No Shares shall be issued pursuant to the exercise of thean Option unless such issuance and such exercise complies with all relevant provisions of law and the requirements of any stock exchange or quotation service upon which the Shares are then listed and any exchange control restrictions.Applicable Laws. Assuming such compliance, for United States income tax purposes the Exercised Shares shall be considered transferred to Participantthe Optionee on the date on which the Option is exercised with respect to such Exercised Shares. Shares issued pursuant to this Option are subject to the right of first refusal set forth in the Exercise Notice.

Issuance of Shares. No Shares shall be issued pursuant to the exercise of thethis Option unless such issuance and exercise complies with all relevant provisions of law and the requirements of any stock exchange or quotation service upon which the Shares are then listed and any exchange control restrictions.Applicable Laws. Assuming such compliance, for United States income tax purposes the Exercised Shares shall be considered transferred to Participantthe Grantee on the date the Option is exercised with respect to such Exercised Shares.

Issuance of Shares. NoThe Company is not obligated, and will have no liability for failure, to issue or deliver any Shares shall be issued pursuant to theupon exercise of the Option unless such issuance andor delivery would comply with the Applicable Laws, with such compliance determined by the Company in consultation with its legal counsel. This Option may not be exercised until such time as the Plan has been approved by the stockholders of the Company, or if the issuance of such Shares upon such exercise complies with all relevant provisionsor the method of law and the requirementspayment of consideration for such shares would constitute a violation of any stock exchangeapplicable federal or quotation service upon whichstate securities or other law or regulation, including any rule under Part of Title 12 of the Shares are then listedCode of Federal Regulations as promulgated by the Federal Reserve Board. As a condition to the exercise of this Option, the Company may require Optionee to make any representation and any exchange control restrictions.warranty to the Company as may be required by the Applicable Laws. Assuming such compliance, for United States income tax purposes the Exercised Shares shall be considered transferred to ParticipantOptionee on the date on which the Option is exercised with respect to such Exercised Shares.

IssuanceNotwithstanding anything to the contrary contained herein, you may not exercise your option unless the shares of Shares.Common Stock issuable upon such exercise are then registered under the Securities Act of 1933, as amended (the “Securities Act”), or, if such shares of Common Stock are not then so registered, the Company has determined that such exercise and issuance would be exempt from the registration requirements of the Securities Act. The exercise of your Option also must comply with other applicable laws and regulations governing your Option, and you may not exercise your Option if the Company determines that such exercise would not be in material compliance with such laws and regulations. No Shares shallwill be issued pursuant to the exercise of thethis Option unless such issuance and such exercise compliesshall comply with all relevant provisions of law and the requirements of any stock exchange or quotation service upon which the Shares aremay then listed and any exchange control restrictions.be listed. Assuming such compliance, for United States income tax purposes the Exercised Shares shall be considered transferred to Participantthe Optionee on the date theon which this Option is exercised with respect to such Exercised Shares.

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