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Valid Agreement. This Agreement has been duly executed and delivered by the Option Holder and constitutes the legal, valid and binding obligation of the Option Holder, enforceable against it in accordance with its terms, except # as limited by applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of general application affecting enforcement of creditors’ rights generally, and # as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies.

Valid Agreement. This Agreement has been duly executed and delivered by the Option Holderor on behalf of such party and constitutes thea legal, valid and binding obligation of the Option Holder,such party, enforceable against itsuch party in accordance with its terms,terms except # as the enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium,organization, moratorium and other laws of general application affecting enforcement of creditors’ rights generally, and # as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies.remedies in general.

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