First Option Shares definition

First Option Shares. Means the number of shares in GA shown in the Schedule as due to be issued to The Shareholder on the First Anniversary of the Stock Purchase Agreement

First Option Shares shall have the meaning provided in Section 2.

First Option Shares has the meaning specified in Section 2.1 of this Agreement.

Examples of First Option Shares in a sentence

• The Company shall, within 30 days after the receipt of at least $20,000,000 in aggregate gross proceeds from the exercise of the Company's outstanding Class A Warrants (the "Titan Warrants"), exercise the First Option for the purchase of not less than 545,000 of the First Option Shares (inclusive of First Option Shares previously purchased).

• The Company shall, within 270 days after the receipt of at least $35,000,000 in aggregate gross proceeds from the exercise of the Titan Warrants, exercise the First Option for all of the First Option Shares (inclusive of First Option Shares previously purchased).

• The Company shall execute and deliver to Ansan upon each purchase of First Option Shares pursuant to this Section 1.2 a "lock- up" agreement in the form attached hereto as Appendix A.

• Pursuant to the provisions of Section 1.2 of the Debenture Conversion Agreement dated March , 1997 (the "Debenture Conversion Agreement"), the Company hereby grants to the Optionee on the date hereof the right and option to purchase an aggregate of One Million Six Hundred Thirty Thousand (1,630,000) of its shares of Common Stock, $.001 par value (the "First Option Shares"), at an option price equal to $3.75 per First Option Share.

• As a condition to the exercise of the option hereby granted, the written notice of election in the form attached hereto as Exhibit A shall include a representation by the Optionee that the First Option Shares are being purchased for investment and not for distribution or resale.

More Definitions of First Option Shares

First Option Shares means the 21,904 “A” Ordinary Shares of €0.001 each held by the Grantors in the numbers as outlined in Schedule 1, subject to any changes thereto arising out of the transfer of any First Option Shares or Second Option Shares by any Employee Grantor to Xxxxxx Xxxxxxx or the transfer of the First Option Beneficial Shares to the Beneficial Grantor

First Option Shares means 250,000 Common Shares, as the same may be adjusted from time to time as provided in Article 3;

First Option Shares has the meaning set forth in the recitals.

First Option Shares at any given time, the shares in the Target Company held by Yota Holding;

First Option Shares has the meaning ascribed thereto in Section 3.1(a)(iv);

First Option Shares means the beneficial interest in the 158,417 B Ordinary Shares of €0.0001 each in the capital of the Company as is set out in column C of Schedule 1 (together with any other shares, stock or securities relating thereto referred to in clause 8);

First Option Shares means, collectively, (i) the number of shares representing an 80% undivided interest in SVL Minerals or Newco, as applicable, (ii) the La Joya Nominee Share or one share in the capital of Newco, to be acquired by Silver Dollar and the SD Nominee Shareholder, respectively, upon the exercise of the First Option;