Grant of Initial Option. The Optionor hereby grants to the Optionee the sole and exclusive right and option, in accordance with the other provisions of this Article 3, to acquire in three stages an Initial Interest of up to 75%, free and clear of all Encumbrances except for those described in Schedule A.
Grant of Initial Option. Xxxxxxx hereby grants to Osisko the exclusive and irrevocable option (the “Option”) to earn a 50 % Participating Interest, by (a) contributing to the Venture, subject to Section 11.1, Expenditures in an amount totaling $ 70,000,000 to fund Exploration and, as the case may be Exploration and Development activities on or for benefit of the Project during a four (4)-year period commencing as of the Effective Date (the “Option Period”) and scheduled as follows : Schedule of Expenditures Cumulative Minimum Expenditures On or before the first anniversary of the Effective Date $ 15,000,000 (firm commitment) On or before the second anniversary of the Effective Date $ 30,700,000 On or before the second anniversary of the Effective Date $ 54,300,000 On or before the fourth anniversary of the Effective Date $ 70,000,000 and (b) providing Xxxxxxx advances as follows, provided that such unsecured advances shall be more fully described and evidenced in separate loan agreements (the “Loan Agreements”) :
Grant of Initial Option. The Company hereby grants to Optionee the right, privilege and option (“Initial Option”) to purchase 2,000,000 shares of the Company’s common stock (“Common Stock”) at an exercise price equal to $0.05 per share, the fair market price of the Company’s common stock on the Effective Date. The Initial Option shall expire on the tenth anniversary of the Effective Date (the “Expiration Date”).
Grant of Initial Option. Upon payment by Purchaser of $20,000.00, (the “Initial Option Payment”) Owner grants to Purchaser the option to purchase the Property for the Purchase Price. The term of the option commences upon execution of this agreement by all parties, and shall continue through a date 15 calendar months from the date of execution of this agreement by Owner. (the “Option Period”). This is an exclusive option.
Grant of Initial Option. The Corporation hereby grants to the Optionee the right and option to purchase up to an aggregate of Ninety Thousand (90,000) Shares (subject to adjustment as provided in Paragraph 6 hereof), on the terms and conditions set forth herein (hereinafter the “Option”). The Optionee acknowledges that the Option will not be an “incentive option” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”). This Option is not being issued pursuant to the Corporation’s 2012 Equity Incentive Plan; provided, however, that this Option is granted as a material inducement to employment in accordance with Nasdaq Listing Rule 5635(c)(4).
Grant of Initial Option. Lessor hereby grants to Lessee an option (the “Initial Option”) to extend the Term of this Lease for an additional term of five (5) years (the “Initial Option Term”), with all terms, covenants and conditions of this Lease unmodified and in full force and effect except for Minimum Monthly Rent, which shall be as set forth below. In order to exercise the Initial Option, Lessee must give Lessor written notice of its intention to do so (“Initial Option Notice”) on or before February 28, 2014. In the Initial Option Notice, Lessee shall have the right to specify an amount of square footage up to a total of 241,808 square feet that Lessee will lease in the event that, in response to the Initial Option Notice, Lessor opts to construct the Building Addition (or portion thereof) and relocate a portion of the Premises thereto in accordance with the provisions of Section 55.2.
Grant of Initial Option. Subject to the terms and conditions set forth below in this Agreement, the Corporation hereby grants to Participant an option (the "Option"), exercisable from and after this date, to purchase Twenty Thousand (20,000) shares of the Corporation's common stock ("Shares") at a price of Six Dollars and Seventy-Five Cents ($6.75) per share ("Exercise Price").
Grant of Initial Option. The Seller hereby grants to the Purchaser the option to purchase the Initial Shares at the purchase price described in Section 1.04 below (the “Initial Option”). The Purchaser may exercise the Initial Option, in whole and not in part, from 9:30 a.m. prevailing local time in New York City on the Effective Date through 4:00 p.m. prevailing local time in New York City on the applicable Expiration Date, by delivery of a notice (an “Exercise Notice”) to the Seller by email as follows: j.xxxxxx@xxxx.xxx, with a copy to sxx@xxxxxx.xxx, on the date of exercise, to be accompanied by a phone call to the Seller as follows: Jxxx Xxxxxx at 200-000-0000 or Sxxxxxx Xxxxxx at 400-000-0000, indicating that such notice has been sent. Any Exercise Notice shall specify (i) the delivery method for the shares to be delivered to the Purchaser, (ii) the closing date for the transfer of the shares (the “Closing Date”) and (iii) the location of the closing of such sale.
