Option for Additional Investment. The Seller hereby grants to the Buyer the option to purchase up to an additional One Million Five Hundred Thousand (1,500,000) shares of the Seller’s common stock at a price of $1.00 per share, in one or more transactions, at any time until the option terminates. The option will terminate upon one of the following events: (i) The Seller’s board of directors cancels this option because it is no longer in the best interest of the Company; (ii) December 31, 2021; or (iii) the date on which the Seller receives more than $1.00 per share of the Company’s common stock in a private placement with gross proceeds of at least $500,000.
Option for Additional Investment. The Company grants Purchaser the right to make an additional Investment of up to 20,000 shares of the Company's Common Stock at the Purchase Price referenced in Section 1.1 (the “Additional Investment”) provided Purchaser (i) informs the Company of its intention to make such an Additional Investment, (ii) delivers to the Company a completed Subscriber Signature Page for the additional Investment, and (iii) tenders the payment in connection with the Additional Investment to the Company by either (i) 6 (six) months from the date of signature of this agreement or (ii) within ten (10) days of the Company’s attainment of a trading symbol on the United States OTC Bulletin Board which ever comes first.
Option for Additional Investment. BPI hereby grants ETI the option, exercisable during a period of 60 days commencing with the date of this Agreement, to purchase up to an additional $4,000,000 of Series B Preferred Stock on the same terms and conditions on those set forth above. Such option shall be exercisable by ETI’s written notification to BPI stating the amount of Preferred B Stock it elects to purchase, which purchase shall include warrants at 25% warrant coverage, on the same terms as set forth above.
Option for Additional Investment. The Company grants Purchaser the right to make an additional Investment of up to _____ shares of the Company's Common Stock at the Purchase Price referenced in Section 1 (the “Additional Investment”) provided Purchaser (i) informs the Company of its intention to make such an Additional Investment, (ii) delivers to the Company a completed Subscriber Signature Page for the additional Investment, and (iii) tenders the payment in connection with the Additional Investment to the Company within ten (10) days of the Company’s attainment of a trading symbol on the NASDAQ Bulletin Board which ever comes first.
Option for Additional Investment
