Common use of OPTION ONLY Clause in Contracts

OPTION ONLY. Nothing herein contained or done pursuant hereto shall obligate the Optionee to purchase and/or pay for any shares of the Company, except those shares in respect of which the Optionee shall have exercised all or any part of the Option granted hereunder.

Appears in 4 contracts

Samples: Stock Option Agreement (Summo Minerals Corp), Stock Option Agreement (Summo Minerals Corp), Stock Option Agreement (Summo Minerals Corp)

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OPTION ONLY. Nothing herein contained or done pursuant hereto shall will obligate the Optionee to purchase and/or pay for any shares of the CompanyShares, except those shares Shares in respect of which the Optionee shall have has exercised all or any part of the Option granted hereunder.

Appears in 2 contracts

Samples: Stock Option Agreement (Corvus Gold Inc.), Stock Option Agreement (Cardero Resource Corp.)

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