ABSOLUTE OPTION Clause Samples

ABSOLUTE OPTION. After the expiration of the Option Term, notwithstanding any other provision contained herein, Purchaser shall have an absolute right and option to purchase such additional Class B Units which when added to the Acquired Equity and the Option Equity, if any is purchased, would equal twenty percent (20%) of the profits, losses and equity of Seller, which shall be subject to the Preference, free and clear of all liens, charges, claims, encumbrances, security interests or third party rights, subject to the restrictions contained in the Operating Agreement and applicable securities laws (the "Additional Equity"). The purchase price for Additional Equity shall