Option Scheme Consideration. (a) HUB24 covenants in favour of Xplore (in Xplore's own right and separately as trustee for each Scheme Optionholder) that, in consideration of the cancellation of each Scheme Options under the terms of the Option Scheme, on the Implementation Date, HUB24 will pay each Scheme Optionholder the Option Scheme Consideration in accordance with the Option Scheme.
(b) Subject to the Option Scheme becoming Effective, at 10.00am on the Implementation Date, the transactions which form part of the Option Scheme will be implemented as follows:
(i) all existing Scheme Options at the Option Scheme Record Date will be cancelled and each Scheme Optionholder will release Xplore from all claims and liabilities in respect of the Scheme Optionholder's Scheme Options; and
(ii) in exchange, each Scheme Optionholder will receive the Option Scheme Consideration for each Scheme Option held by that Scheme Optionholder at the Option Scheme Record Date.
(c) In order to facilitate the payment of the Option Scheme Consideration, Xplore must provide, or procure the provision of, to HUB24 a complete copy of the Xplore Register as at the Option Scheme Record Date (which must include the name, registered address and registered holding of each Scheme Optionholder as at the Option Scheme Record Date), within one Business Day after the Option Scheme Record Date. The details and information to be provided under this clause must be provided in such form as HUB24 or HUB24's share registry may reasonably require, as notified to Xplore by HUB24 prior to the Option Scheme Record Date.
Option Scheme Consideration. YM undertakes and warrants to Cytopia (in Cytopia’s own right and separately as trustee or nominee for each of the Scheme Optionholders) that, in consideration of the cancellation of each Cytopia Option held by a Scheme Optionholder at the Record Date under the terms of the Option Scheme, YM will, on the Implementation Date, provide or procure the provision of the Option Scheme Consideration in accordance with the Option Scheme.
Option Scheme Consideration if the Option Scheme becomes Effective, grant the YM Options that comprise the Option Scheme Consideration in accordance with the Deed Poll on the Implementation Date;
Option Scheme Consideration. (a) Subject to clause 4.2(b), Entrée covenants in favour of PacMag (in its own right and on behalf of the Optionholder Scheme Participants) that in consideration for the cancellation of each Scheme Option held by an Option Scheme Participant under the terms of the Option Scheme, Entrée will provide to each Option Scheme Participant the Option Scheme Consideration for each PacMag Option held at the Record Date.
(b) Where the calculation of the number of Entrée Shares to be issued to a particular Scheme Optionholder would result in the issue of a fraction of an Entrée Share, the fractional entitlement of an Option Scheme Participant will be rounded up to the nearest whole number of Entrée Shares if the fractional entitlement is 0.5 or more or down to the nearest whole number of Entrée Shares if the fractional entitlement is less than 0.5.
Option Scheme Consideration. Subject to clause 5.7, Red Light undertakes and warrants to Creso (in its own right and on behalf of each Option Scheme Participant) that in consideration of the transfer to Red Light of each Scheme Option held by an Option Scheme Participant under the terms of the Option Scheme, Red Light will on the Implementation Date:
Option Scheme Consideration. (a) URI covenants in favour of Anatolia, in consideration for the cancellation of the Scheme Options held by each Scheme Optionholder under the terms of the Option Scheme, to provide or procure provision of the Option Scheme Consideration to each Scheme Optionholder on the Implementation Date and otherwise in accordance with the Option Scheme.
(b) Subject to clauses 4.10 and 4.11 and to the Option Scheme becoming Effective, at 10.00am on the Implementation Date, the transactions which form part of the Option Scheme will be implemented in the following sequence:
(i) each Scheme Optionholder will receive the Option Scheme Consideration for each Scheme Option held by that Scheme Optionholder at the Record Date, which is to be issued in the manner set out in clause 4.8; and
(ii) in exchange, all existing Scheme Options at the Record Date will be cancelled.
(c) URI covenants that, upon the exercise of any Unquoted URI Option or CDI Option granted as Option Scheme Consideration, it will, unless instructed otherwise by the holder of the Unquoted URI Option or CDI Option, issue the holder a CDI Share (representing New URI Shares) to be held on (at the election of the holder):
(i) the CHESS subregister; or
(ii) the issuer-sponsored subregister.
Option Scheme Consideration. 18.1 Satisfaction of payment obligation
Option Scheme Consideration. On the Implementation Date, Incannex must procure US Holdco to issue the Option Scheme Consideration to the Option Scheme Participants in accordance with clause 6.3 of this Option Scheme.
Option Scheme Consideration. (a) Subject to this document and the Option Scheme, SMX undertakes to Option Scheme Participants and Lionheart that, in respect of the Cashless Exercise of each Scheme Option it will on the Implementation Date, issue the Option Exercise Shares in respect of each Scheme Option held by that Option Scheme Participant, in accordance with the Option Scheme.
(b) Subject to this document and the Option Scheme, Parent undertakes to SMX (in its own right and separately as trustee or nominee of each Option Scheme Participant) and Lionheart that, in consideration of the cancellation of each SMX Share issued to each Option Scheme Participant as an Option Exercise Share under the Option Scheme, on the Implementation Date, Parent will provide or procure that the Cancellation Consideration in respect of each such SMX Share issued to the Option Scheme Participant under the Option Scheme, in accordance with the Option Scheme.
(c) In order to facilitate the provision of the Cancellation Consideration, SMX must provide to Lionheart and Parent, a complete copy of the SMX Options register at the Option Scheme Record Date (which must include the name, registered address and registered holding of each Option Scheme Participant as at the Option Scheme Record Date), within one Business Day after the Option Scheme Record Date.
Option Scheme Consideration. BTR covenants in favour of KWR (in its own right and on behalf of the Scheme Optionholders) that in consideration for the cancellation of the KWR Options held by a Scheme Optionholder under the terms of the Option Scheme, BTR will grant to each Scheme Optionholder the Option Scheme Consideration in accordance with the terms of this Deed and the Option Scheme.
