Common use of Option to Acquire Clause in Contracts

Option to Acquire. For 30 days following the receipt of the Notice and Acquisition Documents by the Purchaser, the Purchaser shall have the option to acquire the rights proposed to be transferred at the price and on the terms stated in the Notice and Acquisition Documents. If the Purchaser does not elect to acquire the rights during the 30 day period following the Purchaser's receipt of the Notice and Acquisition Documents, then, the Seller may transfer the rights to the proposed transferee on the terms and conditions set forth in the Acquisition Documents.

Option to Acquire. For 30 days following the receipt of the Notice and Acquisition Documents by the Purchaser, the Purchaser shall have the option to acquire the rights proposed to be transferred at the greater of. (i) the price and on the terms stated in the Notice and Acquisition Documents, or (ii) U.S.$50,000, or at any other price agreed to by the Purchaser and the Seller. If the Purchaser does not elect to acquire the rights during the 30 day period following the Purchaser's receipt of the Notice and Acquisition Documents, then, the Seller may transfer the rights to the proposed transferee on the terms and conditions set forth in the Acquisition Documents.