This excerpt taken from the PRVT 8-K filed Nov 3, 2009.
Section 2.3 Exercise Instructions
(1)
Subject to the terms and conditions of this Agreement and the Exchangeable Share Provisions, the Holders shall be entitled, upon the occurrence and
during the continuance of an Insolvency Event, to exercise the Insolvency Exchange Right with respect to all but not less than all of the Exchangeable Shares registered in the name of the Holders on the books of Corporation. To exercise the
Insolvency Exchange Right, the Holders shall deliver to PMG or Callco at the Designated Place, the
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certificate or certificates representing the Exchangeable Shares to be purchased by PMG or Callco, duly endorsed for transfer to PMG or Callco, and accompanied by such other Additional Transfer
Documents as PMG or Callco may reasonably require, together with:
(a)
a duly completed form of notice of exercise of the Insolvency Exchange Right, contained on the reverse of or attached to the Exchangeable Share certificate, stating:
(i)
that the Holders is exercising the Insolvency Exchange Right so as to require PMG or Callco to purchase from the Holders all but not less than all of the Exchangeable
Shares registered in the name of the Holders on the books of Corporation;
(ii)
that the Holders has good title to and owns all such Exchangeable Shares to be acquired by PMG or Callco free and clear of all liens, hypothecs, pledges, encumbrances,
security interests, options, restrictions, proxies and adverse claims, except as set forth herein and in the Exchangeable Share Provisions;
(iii)
the address of the Persons to whom the Exchangeable Share Consideration should be delivered; and
(iv)
acknowledgement of the Insolvency Exchange Call Right; and
(b)
payment (or evidence satisfactory to Corporation and PMG or Callco of payment) of the taxes (if any) payable as contemplated by Section 3.5 hereof.
Bet you've never seen portfolio analytics like these.
