| Election | Allow Election of either Cash or Physical settlement. |
| Cash | The intrinsic value of the option will be delivered by way of a cash settlement amount
determined, (i) by reference to the differential between the strike price and the
settlement price; or (ii) in accordance with a bilateral agreement between the parties
|
| Physical | The securities underlying the transaction will be delivered by (i) in the case of
a call, the seller to the buyer, or (ii) in the case of a put, the buyer to the seller
versus a settlement amount equivalent to the strike price per share
|