INCENTIVE SHARE PURCHASE OPTION AGREEMENTIncentive Share Purchase Option Agreement • April 30th, 2012 • Kokomo Enterprises Inc. • Metal mining
WHEREAS the Optionee is providing IR services in Germany to the Company and requires as a condition of providing its services to the Company that the parties enter into this Incentive Share Purchase Option Agreement on the terms and conditions hereinafter set forth:
KOKOMO ENTERPRISES INC.Incentive Share Purchase Option Agreement • May 1st, 2012
Re: Incentive Share Purchase Option Agreement dated June 1, 2011 (the “Incentive Option Agreement”) between Kokomo Enterprises Inc. (“Kokomo”) and Ceiba Network UG (“Ceiba”) .
KOKOMO ENTERPRISES INC.Incentive Share Purchase Option Agreement • April 30th, 2012 • Kokomo Enterprises Inc. • Metal mining
The object of this letter is to confirm our understanding that should Ceiba be unable to exercise its incentive stock options by the expiry date of the Incentive Option Agreement i.e., June 1, 2012 due to the trading price of Kokomo’s common shares being $0.15 per common share or being less than $0.15 per common share, then Kokomo shall be obligated to make a cash payment of US $3,250 to Ceiba as compensation for Ceiba’s services. For greater certainty, if during the twelve month period of the Incentive Option Agreement, Ceiba exercises all or part of its incentive stock options, then Ceiba shall not be entitled to receive any payment from Kokomo, and Kokomo shall not be obligated to make any payment to Ceiba.
INCENTIVE SHARE PURCHASE OPTION AGREEMENTIncentive Share Purchase Option Agreement • May 1st, 2012
WHEREAS the Optionee is providing IR services in Germany to the Company and requires as a condition of providing its services to the Company that the parties enter into this Incentive Share Purchase Option Agreement on the terms and conditions hereinafter set forth:
