Issue. Option Holder will have the right to purchase up to two hundred fifty thousand (250,000) Commerce common shares, ten cents ($0.10) par value, hereinafter referred to as "option shares," at a price (option price) of twenty-five cents ($.25) per share, payable in cash. Upon tender of the sum of U.S. sixty-two thousand five hundred dollars (U.S. $62,500.00), Commerce agrees to issue to Option Holder, a total of two hundred fifty thousand (250,000) Commerce validly issued nonassessable and fully paid common shares, ten cents ($0.10) par value. Cancellation of debt owed to Option Holder will be acceptable in lieu of cash.
Appears in 3 contracts
Samples: Commerce Group Corp /Wi/, General Lumber & Supply Co Inc, Commerce Group Corp /Wi/
Issue. Option Holder will have the right to purchase up to two hundred fifty seventy thousand (250,00070,000) Commerce common shares, ten cents ($0.10) par value, hereinafter referred to as "option shares," at a price (option price) of twenty-five cents ($.250.25) per share, payable in cash. Upon tender of the sum of U.S. sixty-two seventeen thousand five hundred dollars (U.S. $62,500.0017,500.00), Commerce agrees to issue to Option Holder, a total of two hundred fifty seventy thousand (250,00070,000) Commerce validly issued nonassessable and fully paid common shares, ten cents ($0.10) par value. Cancellation of debt owed to Option Holder will be acceptable in lieu of cash.
Appears in 2 contracts
Issue. Option Holder will have the right to purchase up to two hundred fifty thousand Eighty Thousand (250,00080,000) Commerce common shares, ten cents ($0.10) par value, hereinafter referred to as "option shares," at a price (option price) of twenty-five fifteen cents ($.250.15) per share, payable in cash. Upon tender of the sum of U.S. sixty-two thousand five hundred dollars Twelve Thousand Dollars (U.S. $62,500.0012,000), Commerce agrees to issue to Option Holder, a total of two hundred fifty thousand Eighty Thousand (250,00080,000) Commerce validly issued nonassessable and fully paid common shares, ten cents ($0.10) par value. Cancellation of debt owed to Option Holder will be acceptable in lieu of cash.
Appears in 2 contracts
Issue. Option Holder will have the right to purchase up to two hundred fifty thousand Forty Thousand (250,00040,000) Commerce common shares, ten cents ($0.10) par value, hereinafter referred to as "option shares," at a price (option price) of twenty-five cents ($.250.25) per share, payable in cash. Upon tender of the sum of U.S. sixty-two thousand five hundred dollars Ten Thousand Dollars (U.S. $62,500.0010,000), Commerce agrees to issue to Option Holder, a total of two hundred fifty thousand Forty Thousand (250,00040,000) Commerce validly issued nonassessable and fully paid common shares, ten cents ($0.10) par value. Cancellation of debt owed to Option Holder will be acceptable in lieu of cash.
Appears in 2 contracts
Issue. Option Holder will have the right to purchase up to two hundred fifty twenty thousand (250,00020,000) Commerce common shares, ten cents ($0.10) par value, hereinafter referred to as "option shares," at a price (option price) of twenty-five cents ($.250.25) per share, payable in cash. Upon tender of the sum of U.S. sixty-two five thousand five hundred dollars (U.S. $62,500.005,000.00), Commerce agrees to issue to Option Holder, a total of two hundred fifty twenty thousand (250,00020,000) Commerce validly issued nonassessable and fully paid common shares, ten cents ($0.10) par value. Cancellation of debt owed to Option Holder will be acceptable in lieu of cash.
Appears in 2 contracts
Issue. Option Holder will have the right to purchase up to two hundred fifty eighty thousand (250,00080,000) Commerce common shares, ten cents ($0.10) par value, hereinafter referred to as "option shares," at a price (option price) of twenty-five cents ($.250.25) per share, payable in cash. Upon tender of the sum of U.S. sixty-two twenty thousand five hundred dollars (U.S. $62,500.0020,000.00), Commerce agrees to issue to Option Holder, a total of two hundred fifty eighty thousand (250,00080,000) Commerce validly issued nonassessable and fully paid common shares, ten cents ($0.10) par value. Cancellation of debt owed to Option Holder will be acceptable in lieu of cash.
Appears in 2 contracts
Issue. Option Holder will have the right to purchase up to two hundred fifty ten thousand (250,00010,000) Commerce common shares, ten cents ($0.10) par value, hereinafter referred to as "option shares," at a price (option price) of twentyseventy-five cents ($.25.75) per share, payable in cash. Upon tender of the sum of U.S. sixty-two seven thousand five hundred dollars (U.S. $62,500.007,500.00), Commerce agrees to issue to Option Holder, a total of two hundred fifty ten thousand (250,00010,000) Commerce validly issued nonassessable and fully paid common shares, ten cents ($0.10) par value. Cancellation of debt owed to Option Holder will be acceptable in lieu of cash.
Appears in 2 contracts
Issue. Option Holder will have the right to purchase up to two one hundred fifty thousand (250,000100,000) Commerce common shares, ten cents ($0.10) par value, hereinafter referred to as "option shares," at a price (option price) of twenty-five cents ($.250.25) per share, payable in cash. Upon tender of the sum of U.S. sixtytwenty-two five thousand five hundred dollars (U.S. $62,500.0025,000.00), Commerce agrees to issue to Option Holder, a total of two one hundred fifty thousand (250,000100,000) Commerce validly issued nonassessable and fully paid common shares, ten cents ($0.10) par value. Cancellation of debt owed to Option Holder will be acceptable in lieu of cash.
Appears in 2 contracts
Issue. Option Holder will have the right to purchase up to two hundred fifty thirty thousand (250,00030,000) Commerce common shares, ten cents ($0.10) par value, hereinafter referred to as "option shares," at a price (option price) of twentyseventy-five cents ($.25.75) per share, payable in cash. Upon tender of the sum of U.S. sixtytwenty-two thousand five hundred dollars (U.S. $62,500.0022,500.00), Commerce agrees to issue to Option Holder, a total of two hundred fifty thirty thousand (250,00030,000) Commerce validly issued nonassessable and fully paid common shares, ten cents ($0.10) par value. Cancellation of debt owed to Option Holder will be acceptable in lieu of cash.
Appears in 1 contract
Samples: Commerce Group Corp /Wi/
Issue. Option Holder will have the right to purchase up to two one hundred fifty thousand (250,000100,000) Commerce common shares, ten cents ($0.10) par value, hereinafter referred to as "option shares," at a price (option price) of twenty-five ten cents ($.250.10) per share, payable in cash. Upon tender of the sum of U.S. sixty-two ten thousand five hundred dollars (U.S. $62,500.0010,000.00), Commerce agrees to issue to Option Holder, a total of two one hundred fifty thousand (250,000100,000) Commerce validly issued nonassessable and fully paid common shares, ten cents ($0.10) par value. Cancellation of debt owed to Option Holder will be acceptable in lieu of cash.
Appears in 1 contract
Samples: Commerce Group Corp /Wi/
Issue. Option Holder will have the right to purchase up to two hundred fifty sixty-five thousand (250,00065,000) Commerce common shares, ten cents ($0.10) par value, hereinafter referred to as "option shares," at a price (option price) of twenty-five two cents ($.250.22) per share, payable in cash. Upon tender of the sum of U.S. sixty-two fourteen thousand five three hundred dollars (U.S. $62,500.0014,300.00), Commerce agrees to issue to Option Holder, a total of two hundred fifty sixty-five thousand (250,00065,000) Commerce validly issued nonassessable and fully paid common shares, ten cents ($0.10) par value. Cancellation of debt owed to Option Holder will be acceptable in lieu of cash.
Appears in 1 contract
Samples: Commerce Group Corp /Wi/
Issue. Option Holder will have the right to purchase up to two hundred fifty twenty thousand (250,00020,000) Commerce common shares, ten cents ($0.10) par value, hereinafter referred to as "option shares," at a price (option price) of twentyseventy-five cents ($.25.75) per share, payable in cash. Upon tender of the sum of U.S. sixty-two fifteen thousand five hundred dollars (U.S. $62,500.0015,000.00), Commerce agrees to issue to Option Holder, a total of two hundred fifty thirty thousand (250,00020,000) Commerce validly issued nonassessable and fully paid common shares, ten cents ($0.10) par value. Cancellation of debt owed to Option Holder will be acceptable in lieu of cash.
Appears in 1 contract
Samples: Commerce Group Corp /Wi/
Issue. Option Holder will have the right to purchase up to two hundred fifty thousand Sixty-Five Thousand (250,00065,000) Commerce common shares, ten cents ($0.10) par value, hereinafter referred to as "option shares," at a price (option price) of twenty-five two cents ($.250.22) per share, payable in cash. Upon tender of the sum of U.S. sixty-two thousand five hundred dollars Fourteen Thousand Three Hundred Dollars (U.S. $62,500.0014,300.00), Commerce agrees to issue to Option Holder, a total of two hundred fifty thousand Sixty-Five Thousand (250,00065,000) Commerce validly issued nonassessable and fully paid common shares, ten cents ($0.10) par value. Cancellation of debt owed to Option Holder will be acceptable in lieu of cash.
Appears in 1 contract
Samples: Commerce Group Corp /Wi/
Issue. Option Holder will have the right to purchase up to two hundred fifty thousand (250,00050,000) Commerce common shares, ten cents ($0.10) par value, hereinafter referred to as "option shares," at a price (option price) of twenty-five fifteen cents ($.250.15) per share, payable in cash. Upon tender of the sum of U.S. sixty-two seven thousand five hundred dollars (U.S. $62,500.007,500.00), Commerce agrees to issue to Option Holder, a total of two hundred fifty thousand (250,00050,000) Commerce validly issued nonassessable and fully paid common shares, ten cents ($0.10) par value. Cancellation of debt owed to Option Holder will be acceptable in lieu of cash.
Appears in 1 contract
Samples: Commerce Group Corp /Wi/
Issue. Option Holder will have the right to purchase up to two hundred fifty forty thousand (250,00040,000) Commerce common shares, ten cents ($0.10) par value, hereinafter referred to as "option shares," at a price (option price) of twenty-five two cents ($.250.22) per share, payable in cash. Upon tender of the sum of U.S. sixty-two eight thousand five eight hundred dollars (U.S. $62,500.008,800.00), Commerce agrees to issue to Option Holder, a total of two hundred fifty forty thousand (250,00040,000) Commerce validly issued nonassessable and fully paid common shares, ten cents ($0.10) par value. Cancellation of debt owed to Option Holder will be acceptable in lieu of cash.
Appears in 1 contract
Samples: Commerce Group Corp /Wi/