Common use of Additional Option Clause in Contracts

Additional Option. The Company’s management believes that it will soon have in place referral relationships with a bank, banks or others that might provide limited banking and merchant services and split the fees from such services with the Company on a basis to be negotiated. The Sellers are continuing to work on obtaining an equity interest in a bank, banking entity and/or an entity that will provide merchant processing (the “Bank Equity”). Sellers have expended the sums necessary to pursue this course of action and will be responsible for continuing to expend necessary sums through a separate company special purpose vehicle (“SPV”). If the SPV acquires the Bank Equity, Buyer shall have an option to acquire one hundred percent of the SPV’s Bank Equity interest for a purchase price of fifteen million (15,000,000) shares of the Buyer’s stock.

Additional Option. The Company’s 's management believes that it will soon have in place referral relationships with a bank, banks or others that might provide limited banking and merchant services and split the fees from such services with the Company on a basis to be negotiated. The Sellers are continuing to work on obtaining an equity interest in a bank, banking entity and/or an entity that will provide merchant processing (the “"Bank Equity”"). Sellers have expended the sums necessary to pursue this course of action and will be responsible for continuing to expend necessary sums through a separate company special purpose vehicle (“"SPV”"). If the SPV acquires the Bank Equity, Buyer shall have an option to acquire one hundred percent of the SPV’s 's Bank Equity interest for a purchase price of fifteen million (15,000,000) shares of the Buyer’s 's stock.