SELLING OWNED STOCK/EXERCISING VESTED OPTIONS
For the purpose of paying the loan hereunder in full, together with accrued interest, Employee agrees to sell any owned property/pledged property (if any) and/or exercise according to prevailing market price of that property/asset. Employee shall thereafter apply the proceeds of the sale to satisfy the loan in full hereunder. Employee shall only be required to exercise and sell a part of his property necessary to satisfy the indebtedness hereunder. Employee shall be solely responsible for the payment of any and all federal and state taxes associated with the exercise and selling of pledged property.