Share Purchase Option Clause Samples
A Share Purchase Option clause grants a party the right, but not the obligation, to purchase a specified number of shares in a company under predetermined terms. Typically, this clause outlines the conditions under which the option can be exercised, such as timeframes, pricing mechanisms, and any required approvals. By providing a clear framework for future share acquisitions, the clause offers flexibility for investors or key stakeholders and helps manage expectations regarding ownership changes.
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Share Purchase Option. Concurrently with the execution of the 1992 Agreement, the Company and the Executive entered into a Share Purchase Option in the form attached thereto as Exhibit A (the "OPTION"), granting to the Executive the right to purchase those shares of Outstanding Stock (as defined in such Exhibit A) as described herein.
Share Purchase Option. Licensee further grants Licensor a [***] ([***]) year option to purchase Treasury shares (“Treasury Shares”) up to [***] shares of common stock [***]. The exercise price for the Treasury Shares shall be [***] of the average weighted price of HSNi’s shares of common stock for the last 20 days trading prior to the Share option exercise.
Share Purchase Option. The Holding Entity has agreed to transfer 2% of the entire outstanding shares of the Company (on a fully diluted and converted basis) in its holding (“Offered Shares”) to LYFE prior to the next round of equity financing of the Company at a price no higher than 95% of the agreed pre-money valuation of the Company for the next round of equity financing. LYFE is entitled but not obligated to acquire such Offered Shares. If LYFE elects to acquire the Offered Shares, the Holding Entity and LYFE shall enter into a separate agreement for such share transfer. The shareholders of the Holding Entity, the Company, and all other shareholders of the Company have expressly waived their respective protective rights provided by Contract or by Law, if any, including but not limited to any right of first refusal, right of first offer, right of co-sale, and shall further cause its directors or representatives to vote in favor of such share transfer.
Share Purchase Option. 4.1. Within 36 months from the Effective Date, the Marketing Agent may exercise an option to purchase the value of AUD $150,000 (one hundred and fifty thousand dollars) for AUD $30,000. This Option will be available for the Marketing Agent at Pre-Listing or Post-Listing. Under the managed License agreement, the Marketing Agent (the Licensee) may or may not exercise this share purchase option.
Share Purchase Option. The Majority Shareholders covenant and agree to cause the Corporation to grant, prior to December 31, 1999, to LV Capital, the right and option to purchase shares of Common Stock of the Corporation, or other securities of the Corporation convertible into, exchangeable for or carrying any rights to purchase shares of Common Stock, with respect to all shares of Common Stock or any kind of security convertible into, exchangeable for or carrying any rights to purchase shares of Common Stock of the Corporation to be issued after the date of closing of the Stock Purchase Agreement (including without limitation the reissuance of treasury shares) (the "Subsequently Issued Equity Securities"), as follows (the "Purchase Rights"):
(a) LV Capital shall have the right to acquire, in return for payment in cash in an amount equal to the fair market value per share of the consideration to be paid by the purchaser of the Subsequently Issued Equity Securities which triggers the Purchase Rights, a sufficient number of the Subsequently Issued Equity Securities so that, when combined with the Common Stock held prior to such purchase, the aggregate number of shares of Common Stock held by LV Capital and its Affiliates after giving effect to such issuance (and assuming for this purpose the issuance of the maximum number of shares of Common Stock issuable upon conversion or otherwise with respect to the Subsequently Issued Equity Securities) would equal the same percentage of the number of outstanding shares of Common Stock held before the proposed issuance of Subsequently Issued Equity Securities (and assuming, for this purpose, the issuance of the maximum number of shares of Common Stock issuable upon conversion or otherwise with respect to any previously issued Subsequently Issued Equity Security). Upon the second and each subsequent application of this provision, the waiver of, or failure to exercise, the Purchase Rights shall not result in a cumulative right, but rather the aforementioned percentage in the preceding sentence shall be appropriately adjusted to take into account each such earlier waiver or failure to exercise the Purchase Rights.
(b) The Majority Shareholders covenant and agree with LV Capital that the Majority Shareholders will cause the Corporation and its members of the Board of Directors to provide LV Capital at least ten (10) days prior notice in accordance with Article 9.9 (a "Purchase Rights Notice") of any proposed issuance of Subsequently Issued Equit...
Share Purchase Option. The Company hereby agrees to issue and sell to the Underwriter (and/or its designees) at a purchase price of $100 on the Closing Date an option ("Underwriter's Share Purchase Option") for the purchase of an aggregate of 5% of the Shares sold pursuant to this Agreement. The initial exercise price for the Shares covered by the Underwriter's Share Purchase Option shall be $5.60 per share ("Underwriter's Shares"), 140% of the public offering price of the Shares. The Underwriter's Shares are identical to the Shares sold to the public. The Underwriter's Share Purchase Option and the Underwriter's Shares are hereinafter referred to collectively as the "Underwriter's Securities." The Shares sold to the public and the Underwriter's Securities are hereinafter referred to collectively as the "Securities".
Share Purchase Option. The Underwriter's Shares have been duly authorized and, when duly issued and delivered, such warrants will constitute valid and legally binding obligations of the Company enforceable in accordance with their terms and entitled to the benefits provided by the Share Purchase Option. The shares issuable upon exercise of the Underwriter's Share Purchase Option when issued and sold, upon receipt of the proper consideration therefor, will be duly authorized, validly issued, fully paid and non-assessable and free of preemptive rights and no personal liability will attach to the ownership thereof.
Share Purchase Option. If the Parent and the Issuer has not by 30 September 2023 repaid the Bonds in full, the Bond Trustee (acting on behalf of Bondholders) shall have the right to purchase 100% of the shares in the Issuer for a full and final consideration of EUR 1 and request transfer of the shares of the Issuer to the Bond Trustee (acting on behalf of the Bondholders), or a party nominated by the Bond Trustee.
Share Purchase Option. In consideration of the Company's agreement to pay to Owner an option fee in the amount of $151,000 (the "Option Fee Amount"), Owner hereby grants to the Company the right and option (the "Option"), but not the obligation, to purchase up to 2,000,000 shares of the Common Stock of the Company (the "Option Shares"), in one or more transactions, at a cash price of $0.45 per share.
Share Purchase Option. At or before the First Closing Date, IAT will sell to the Underwriters (or, at the Representative's option, the Representative, individually), or their designees, as permitted by the NASD, for a consideration of $310, and upon the terms and conditions set forth in the form of Share Purchase Option annexed as an exhibit to the Registration Statement, a Share Purchase Option to purchase an aggregate of 310,000 Shares. In the event of conflict in the terms of this Agreement and the Share Purchase Option, the language of the Share Purchase Option shall control.