Common use of Repurchase Price and Payment Terms Clause in Contracts

Repurchase Price and Payment Terms. The price for all Shares ---------------------------------- purchased by the Company pursuant to the Purchase Option shall be $.40 per Share. Payment shall be made in full for all repurchased Shares within 30 days after the date on which the Company delivers notice of its intention to exercise the Purchase Option. Upon payment, Shareholder or Shareholder's personal representative shall deliver all stock certificates for repurchased Shares, properly endorsed in blank, to the Company or its designee.

Repurchase Price and Payment Terms. The price for all Shares ---------------------------------- purchased by the Company pursuant to the Purchase Option shall be $.40 per Share. Payment shall be made in full for all repurchased Shares within 30 days after the date on which the Company delivers notice of its intention to exercise the Purchase Option. Upon payment, Shareholder or Shareholder's personal representative shall deliver all stock certificates for repurchased Shares, properly endorsed in blank, to the Company or its designee.