Examples of Original Option Agreement in a sentence
On October 21, 2011, the Company entered into an option and joint venture agreement (the “Option and Joint Venture Agreement”), which was subsequently amended on November 28, 2011, to acquire an undivided 70% interest in the Property and the Original Option Agreement.
Under the terms of the Original Option Agreement, within 60 days of the Effective Date, the Company was required to satisfy certain obligations preceding the earn-in activity: • Payment of $250,000 to 1011308 BC (the "Initial Payment"); and• Issuance of 10,000,000 common shares to 1011308 BC at a price of $0.05 per share (issued at a fair value of$500,000) (note 6).
Amendment and Joinder to the Original Option Agreement As time progressed and it became apparent that the Sailview development was having some difficulty getting off of the ground, Plaintiff and his co-investors became concerned for their capital investment.
This performance measurement busi- ness tool consists an effective mean to the diagram at first-hand business target goals and on second-hand their interpretation with the actual needs and effects towards its customer audi- ences (Weber and Thomas, 2005).
The Company and Participant have entered into that certain Employment Agreement, dated as of May 13, 2005, by and between the Company and Participant (the "Employment Agreement") pursuant to which the Company and Participant agreed to amend and restate the Original Option Agreement subject to the terms and conditions hereof.