Common use of Option Exercise Period Clause in Contracts

Option Exercise Period. Options expire and are void unless exercised on or before _________________. NOTICE OF EXERCISE The undersigned hereby notifies Towne Services, Inc. (the "Company") of this election to exercise the undersigned's stock option to purchase ______ shares of the Company's Common Stock, no par value (the "Common Stock"), pursuant to the Stock Option Agreement (the "Agreement") between the undersigned and the Company dated ________________. Accompanying this Notice is (1) a certified or a cashier's check in the amount of $________________ payable to the Company, and/or (2) _______________ shares of the Company's Common Stock presently owned by the undersigned and duly endorsed or accompanied by stock transfer powers, having an aggregate Fair Market Value as of the date hereof of $__________________, such amounts being equal, in the aggregate, to the purchase price per share set forth in Section 3 of the Agreement multiplied by the number of shares being purchased hereby (in each instance subject to appropriate adjustment pursuant to Section 7 of the Agreement).

Option Exercise Period. Options expire and are void unless exercised on or before _________________. SCHEDULE B TO DIRECTOR STOCK OPTION AGREEMENT BETWEEN TOWNE SERVICES, INC. AND ___________________ Dated ____________________ NOTICE OF EXERCISE The undersigned hereby notifies Towne Services, Inc. (the "Company") of this election to exercise the undersigned's stock option to purchase ______ shares of the Company's Common Stock, no par value (the "Common Stock"), pursuant to the Director Stock Option Agreement (the "Agreement") between the undersigned and the Company dated ________________. Accompanying this Notice is (1) a certified or a cashier's check, money order or personal check (if approved by the Board) in the amount of $________________ payable to the Company, and/or (2) _______________ shares of the Company's Common Stock presently owned by the undersigned and duly endorsed or accompanied by stock transfer powers, having an aggregate Fair Market Value as of the date hereof of $__________________, such and/or (3) a written election by the undersigned to receive the full number of shares purchasable under the Agreement less that number of shares that have a value being equal to the Exercise Price, these amounts being equal, in the aggregate, to the purchase price per share set forth in Section 3 of the Agreement multiplied by the number of shares being purchased hereby (in each instance subject to appropriate adjustment pursuant to Section 7 of the Agreement).

Option Exercise Period. Options expire and are void unless exercised on or before June 30, 2009. SCHEDULE B TO STOCK OPTION AGREEMENT BETWEEN DIRECT ACCESS INTERACTIVE, INC. AND ▇▇▇▇▇ ▇. ▇▇▇▇▇ Dated _________________. ___ NOTICE OF EXERCISE The undersigned hereby notifies Towne ServicesDirect Access Interactive, Inc. (the "Company") of this election to exercise the undersigned's stock option to purchase ________ shares of the Company's Common Stock, no par value (the "Common Stock"), pursuant to the Stock Option Agreement (the "Agreement") between the undersigned and the Company dated ________________July 1, 1999. Accompanying this Notice is (1) a certified or a cashier's check in the amount of $________________ payable to the Company, and/or (2) _______________ shares of the Company's Common Stock presently owned by the undersigned and duly endorsed or accompanied by stock transfer powers, having an aggregate Fair Market Value as of the date hereof of $__________________, such amounts being equal, in the aggregate, to the purchase price per share set forth in Section 3 of the Agreement multiplied by the number of shares being purchased hereby (in each instance subject to appropriate adjustment pursuant to Section 7 6 of the Agreement).

Option Exercise Period. Options expire and are void unless exercised on or before June 30, 2009. SCHEDULE B TO STOCK OPTION AGREEMENT BETWEEN DIRECT ACCESS INTERACTIVE, INC. AND ▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Dated _________________. ___ NOTICE OF EXERCISE The undersigned hereby notifies Towne ServicesDirect Access Interactive, Inc. (the "Company") of this election to exercise the undersigned's stock option to purchase ________ shares of the Company's Common Stock, no par value (the "Common Stock"), pursuant to the Stock Option Agreement (the "Agreement") between the undersigned and the Company dated ________________July 1, 1999. Accompanying this Notice is (1) a certified or a cashier's check in the amount of $________________ payable to the Company, and/or (2) _______________ shares of the Company's Common Stock presently owned by the undersigned and duly endorsed or accompanied by stock transfer powers, having an aggregate Fair Market Value as of the date hereof of $__________________, such amounts being equal, in the aggregate, to the purchase price per share set forth in Section 3 of the Agreement multiplied by the number of shares being purchased hereby (in each instance subject to appropriate adjustment pursuant to Section 7 6 of the Agreement).