Common use of Additional Consideration Clause in Contracts

Additional Consideration. Borrower shall grant Lender options to purchase 62,500 shares of registered common stock of the Borrower, at a price of $.80 per common share, such options being available for a period of twenty-four months, commencing with the date of this note.

Appears in 3 contracts

Samples: Agreement (Applied Data Communications Inc), Applied Data Communications Inc, Applied Data Communications Inc

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Additional Consideration. Borrower shall grant Lender options to purchase 62,500 375,000 shares of registered common stock of the Borrower, at a price of $.80 per common share, such options being available for a period of twenty-four months, commencing with the date of this note. Options may not be exercised prior to January 1, 2002.

Appears in 2 contracts

Samples: Agreement (Applied Data Communications Inc), Applied Data Communications Inc

Additional Consideration. Borrower shall grant Lender options to purchase 62,500 125,000 shares of registered common stock of the Borrower, at a price of $.80 per common share, such options being available for a period of twenty-four months, commencing with the date of this note.

Appears in 1 contract

Samples: Applied Data Communications Inc

Additional Consideration. Borrower shall grant Lender options to purchase 62,500 250,000 shares of registered common stock of the Borrower, at a price of $.80 per common share, such options being available for a period of twenty-four monthsmonth period, commencing with the date of this noteDecember 1, 2000 until December 1, 2002.

Appears in 1 contract

Samples: Applied Data Communications Inc

Additional Consideration. Borrower shall grant Lender options to purchase 62,500 375,000 shares of registered common stock of the Borrower, at a price of of' $.80 per common share, such options being available for a period of twenty-four months, commencing with the date of this note. Options may not be exercised prior to January 1, 2002.

Appears in 1 contract

Samples: Applied Data Communications Inc

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Additional Consideration. Borrower shall grant Lender options to purchase 62,500 250,000 shares of registered common stock of the Borrower, at a price of $.80 per common share, such options being available for a period of twenty-four monthsmonth period, commencing with the date of this noteJanuary 22, 2001 until January 22, 2003.

Appears in 1 contract

Samples: Applied Data Communications Inc

Additional Consideration. Borrower shall grant Lender options to purchase 62,500 375,000 shares of registered common stock of the Borrower, at a price of $$ .80 per common share, such options being available for a period of twenty-four months, commencing with the date of this note. Options may not be exercised prior to January 1, 2002.

Appears in 1 contract

Samples: Agreement (Applied Data Communications Inc)

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