Common use of TERM & CONDITIONS Clause in Contracts

TERM & CONDITIONS. This Option shall be exercisable in whole or in part immediately upon consummation by the Company of an IPO and for a period of six months thereafter. This Option shall not be exercisable if the Company does not consummate an IPO or if the Company does not previously receive a release from ▇▇▇▇▇▇ PC of any responsibilities to provide shares of Common Stock to satisfy the Share Election.

TERM & CONDITIONS. This Option shall be exercisable in whole or in part immediately upon consummation by the Company of an IPO and for a period of six months thereafter. This Option shall not be exercisable if the Company does not consummate an IPO or if the Company does not previously receive a release from ▇▇▇▇▇▇ PC PA of any responsibilities to provide shares of Common Stock to satisfy the Share Election.