This clause sets out the mechanics of the ‘shotgun’ clause. If a shotgun offer is made (by a ‘triggering shareholder’), the shareholder who receives the offer (called the notified shareholder) can either accept the offer and sell their shares, or ‘turnaround’ and elect to buy all of the triggering shareholder’s shares. The triggering shareholder must then sell their shares to the notified shareholder. If the turnaround offer is not for all the shares, then the notified shareholders will have to sell their shares to the triggering shareholder. The clause sets out the time periods in which the shareholders must accept or reject the shotgun offer, and the deadlines for payment. The result will always be that one shareholder (or group of shareholders) will be completely bought out.