Assets Subject to Option and Option Price Sample Clauses

Assets Subject to Option and Option Price. The OPTIONORS hereby grant to the OPTIONEE the OPTION to purchase certain mining assets and properties (which are specifically described in Exhibit A annexed hereto) owned by the NAINC (the “MINING ASSETS”), which is also Exhibit A of the form of Asset Purchase Agreement annexed hereto as Exhibit B (the “ASSET PURCHASE AGREEMENT”). The Mining Assets were transferred from NALLC and various third parties to NAINC, pursuant to a legal assignment of all right, title and interest on the dates specified or a date to be determined prior to exercise of this OPTION.
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Assets Subject to Option and Option Price. The OPTIONOR for a consideration of Ten Thousand ($10,000) dollars hereby grants to the OPTIONEE or its assign, an OPTION to enter into a MINERAL LEASE pertaining to the patented and unpatented claims owned by the OPTIONOR, as more specifically defined on Schedule A annexed hereto, which is also Exhibit A of the form of MINERAL LEASE annexed hereto as Exhibit A (the “MINERAL LEASE”), The OPTION may be exercised by the OPTIONEE or its assign in consideration for the payment of Ten Thousand ($10,000) Dollars any time during the option period. The OPTION shall be exercisable by the OPTIONEE for a period of Eighteen (18) Months from the date of execution of this AGREEMENT. The OPTION shall be subject to all of the terms and conditions contained herein.
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Assets Subject to Option and Option Price. The OPTIONOR hereby grants to the OPTIONEE the OPTION to purchase those specific assets owned by the OPTIONOR (the “XXXXX ASSETS”), as more specifically defined on Schedule A annexed hereto, which is also Exhibit A of the form of Asset Purchase Agreement annexed hereto as Exhibit B (the “ASSET PURCHASE AGREEMENT”). The OPTION may be exercised by the OPTIONEE in consideration for the payment of (i) One Hundred Thousand $100,000) Dollars, (ii) the issuance of Forty Million (40,000,000) Shares of the $.001 par value restricted Common Stock of MULTISYS LANGUAGE SOLUTIONS, INC. (the “SHARES”), with the fair market value of $.001 per share and (iii) the agreement, to be set forth in full in the ASSET PURCHASE AGREEMENT. The OPTION shall be exercisable by the OPTIONEE from the date of execution of this AGREEMENT until August 31, 2010. If, however, the OPTIONEE successfully raises and closes on at least $1,500,000 in equity capital prior to the end of such period, the OPTIONEE shall be obligated to exercise the OPTION no later than five (5) business days following such closing if the OPTIONOR has delivered to the OPTIONEE a certificate to the effect that there has been no material adverse effect or change with respect to the OPTIONOR, its business or the XXXXX ASSETS since June 10, 2010. The OPTION shall be subject to all of the terms and conditions contained herein.
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Assets Subject to Option and Option Price. The OPTIONOR hereby grants to the OPTIONEE the OPTION to purchase those specific assets owned by the OPTIONOR (the “ZOYDAN ASSETS”), as more specifically defined on Exhibit A annexed hereto, which is also Exhibit A of the form of Asset Purchase Agreement annexed hereto as Exhibit B (the “ASSET PURCHASE AGREEMENT”). The OPTION may be exercised by the OPTIONEE in consideration for the payment of (i) the issuance of Forty Two Million (42,000,000) Shares of the $.001 par value restricted Common Stock of HYDRODYNEX, INC. (the “SHARES”), with the fair market value of $.001 per share and (ii) the agreement, to be set forth in full in the ASSET PURCHASE AGREEMENT. The OPTION shall be exercisable by the OPTIONEE for a period of Sixty (60) Days from the date of execution of this AGREEMENT. The OPTION shall be subject to all of the terms and conditions contained herein.
Sample 1
Assets Subject to Option and Option Price. The OPTIONORS hereby grants to the OPTIONEE or its assign, the OPTION to purchase 10 MINERAL LEASES owned by the OPTIONORS, as more specifically defined on Schedule A annexed hereto, which is also Exhibit A of the form of Asset Purchase Agreement annexed hereto as Exhibit B (the “LEASE AND UNPATENTED MINING CLAIM PURCHASE AGREEMENT”) and Fifty (50%) percent undivided ownership interest in twenty seven (27) unpatented mining claims located in Okanogan county, State of Washington and a One Hundred (100%) percent undivided ownership interest in One Hundred Sixty (160) unpatented mining claims located in Fergus county, State of Montana, defined on Schedule A-1, of the form of LEASE AND UNPATENTED MINING CLAIM PURCHASE AGREEMENT. The OPTION may be exercised by the OPTIONEE or its assign in consideration for the payment of Ten Thousand ($10,000) Dollars any time during the option period. The OPTION shall be exercisable by the OPTIONEE for a period of One Hundred Twenty (120) Days from the date of execution of this AGREEMENT. If, however, the OPTIONEE or its assign successfully raises and closes on at least $750,000 in equity capital prior to the end of such One Hundred Twenty (120) day period, the OPTIONEE shall be obligated to exercise the OPTION no later than five (5) business days following such closing if the OPTIONORS have delivered to the OPTIONEE a certificate to the effect that there has been no material adverse effect or change with respect to: 1) the 10 MINERAL LEASES, it being understood that any transfer of the leases is subject to review and authorization by the State of Washington, Department of Natural Resources; 2) the Fifty (50%) percent undivided ownership interest in Fifty Two (52) unpatented mining claims located in Okanogan county, State of Washington: and 3) a One Hundred (100%) percent undivided ownership interest in Twenty Six (26) unpatented mining claims located in Fergus county, State of Montana since the date of this AGREEMENT. The OPTION shall be subject to all of the terms and conditions contained herein.
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Related to Assets Subject to Option and Option Price

  • Options Subject to Plan This Agreement is subject to the Plan as approved by the Company’s shareholders. The terms and provisions of the Plan as it may be amended from time to time are hereby incorporated herein by reference. In the event of a conflict between any term or provision contained herein and a term or provision of the Plan, the applicable terms and provisions of the Plan will govern and prevail.

  • Option Subject to Plan By entering into this Agreement, the Participant agrees and acknowledges that the Participant has received and read a copy of the Plan. The Option is subject to the Plan. The terms and provisions of the Plan, as it may be amended from time to time, are hereby incorporated herein by reference. In the event of a conflict between any term or provision contained herein and a term or provision of the Plan, the applicable terms and provisions of the Plan will govern and prevail.

  • Consideration; Subject to Plan The grant of the Option is made in consideration of the services to be rendered by the Participant to the Company and is subject to the terms and conditions of the Plan. Capitalized terms used but not defined herein will have the meaning ascribed to them in the Plan.

  • Shares Subject to Award The Award consists of 25,000 shares (the “Shares”) of common stock of the Company (“Stock”). The undersigned’s rights to the Shares are subject to the restrictions described in this Agreement and the Plan (which is incorporated herein by reference with the same effect as if set forth herein in full) in addition to such other restrictions, if any, as may be imposed by law.

  • Stock Subject to Plan The Option and the Option Shares granted and issued pursuant to this Agreement have been granted and issued under, and are subject to the terms of, the Plan. The terms of the Plan are incorporated by reference in this Agreement in their entirety, and the Optionee, by execution of this Agreement, acknowledges having received a copy of the Plan. The provisions of this Agreement will be interpreted as to be consistent with the Plan, and any ambiguities in this Agreement will be interpreted by reference to the Plan. In the event that any provision of this Agreement is inconsistent with the terms of the Plan, the terms of the Plan will prevail.

  • Shares Subject to Exercise The Option shall be immediately exercisable and shall remain exercisable for the entire Term specified in Paragraph 2 of this Agreement.

  • RSUs Subject to Plan By entering into this Agreement, the Participant agrees and acknowledges that the Participant has received and read a copy of the Plan. All RSUs are subject to the Plan. In the event of a conflict between any term or provision contained herein and a term or provision of the Plan, the applicable terms and provisions of the Plan will govern and prevail.

  • Shares Subject to Agreement The Shares shall be subject to the terms and conditions of this Agreement. Except as otherwise provided in Section 5, no adjustment shall be made for dividends or other rights for which the record date is prior to the issuance of the Shares. The Company shall not be required to deliver any Shares until the requirements of any federal or state securities or other laws, rules or regulations (including the rules of any securities exchange) as may be determined by the Committee to be applicable are satisfied.

  • Restricted Stock Subject to Plan This Agreement is subject to the Plan as approved by the Company’s shareholders. The terms and provisions of the Plan as it may be amended from time to time are hereby incorporated herein by reference. In the event of a conflict between any term or provision contained herein and a term or provision of the Plan, the applicable terms and provisions of the Plan will govern and prevail.

  • Transactions Subject to Fund/SERV On each “Business Day” (as that term is defined in a Fund’s prospectus) on which the Fund determines its per share net asset values, the Fund Agent or its designee shall accept and effect changes in its records upon receipt of purchase, redemption, exchanges, account transfers and registration instructions from the Trust Entity electronically through Fund/SERV (“Instructions”) without supporting documentation from the Client-shareholder. On each Business Day, the Fund Agent or its designee shall accept for processing any Instructions from the Trust Entity and shall process such Instructions in a timely manner.

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