Extension of Option. Paragraph 3(b) of the Real Estate Option Agreement dated June 20, 2006 (the “Option Agreement”) is hereby amended to replace the date “December 31, 2006” with “March 31, 2007”.
Extension of Option. The Option Period shall be extended to July 11, 2012.
Extension of Option. (a) Producer shall have the right to extend the Option Period for one (1) period of 12 months for $2,500.00 which shall be non-applicable against the Purchase Price. For the right to the extension of the first Option Period there must be one of the following:
Extension of Option. This Option will be automatically extended by Optionee for each of two (2) additional six (6) month periods (“Option Renewal Term(s)”) unless Optionee notifies Optionor of its intent not to extend the Option. Additional consideration of One Thousand and 00/100 Dollars ($1,000.00) plus applicable taxes is due within fourteen (14) days of the commencement of any Option Renewal Term.
Extension of Option. This Option may be extended for a period of one year by mutual agreement of Prospective Purchaser and Owner, provided that Owner may agree to or refuse such extension in its sole and absolute discretion. If such an extension is granted by Owner, Prospective Purchaser shall then have until June 1, 2022 to exercise this Option, or such other deadline agreed to by Owner and Prospective Purchaser. Notice of Prospective Purchaser’s desire to extend this Option must be made in writing and delivered to Owner on or before June 1, 2021.
Extension of Option. 2.01 The License Agreement is hereby amended to grant Licensee an exclusive option to license the YY1 and ERK1/2 Patent Rights, on the terms provided for in the License Agreement (except as otherwise modified herein), which option shall expire on the one-year anniversary of the date of this Second Amendment.
Extension of Option. Notwithstanding any provision of the Option Agreement to ------------------- the contrary, Summit and S&H agree that Summit shall have the option to purchase the Facility at the Option Price (defined below) at any time on or before December 1, 2001.
Extension of Option. On the terms and subject to the conditions herein set forth, AMFELS hereby extends the irrevocable option granted to Chiles (the "Second Option"), to require AMFELS to enter into one xxxxxxrm construction agreement (the "Second Construction Agreement") for construction of one additional drilling rig (the "Second Rig") in the form attached as Exhibit 1 to the Master Option Agreement, except that Exhibit C hereto shall be substituted for Exhibit C thereto, in the event that the Second Option Notice (as defined) is delivered to AMFELS with such changes or modifications thereto as may be required pursuant to the terms hereof. The Second Construction Agreement shall be dated as of the date of the Second Option Notice.
Extension of Option. Section 1 of the Option Agreement, as amended under the First Amendment, is hereby amended in its entirety to read as follows:
Extension of Option. Suttxx'x xxxion is extended to expire on December 31, 2003 (co-terminus with the scheduled expiration of the initial term of the Employment Agreement) by replacing the words "August 31, 2002" in the text of Section 3 and in Section 3.3(a) Price Term ----- ---- $1.59 per share on or before August 1, 1995 $1.95 per share on or before August 1, 1999 $3.00 per share on or before August 1, 2002 $3.50 per share on or before August 1, 2003
