Common use of Contracts and Options Clause in Contracts

Contracts and Options. Except as disclosed in the NPC Disclosure Documents, there are no contracts, actual or contingent obligations, agreements, franchises, license agreements, or other commitments to which NPC is a party or by which it or any of its properties or assets are bound which are material to the business, financial condition, or its results of operation. For purposes of the preceding sentence, the term "material" refers to any obligation or liability which by their terms calls for aggregate payments of more than $10,000. ▇▇▇ ▇▇▇▇▇ holds an option to purchase 3,744,000 NPC Shares.

Contracts and Options. Except as disclosed in the NPC Disclosure Documents, there are no contracts, actual or contingent obligations, agreements, franchises, license agreements, or other commitments to which NPC is a party or by which it or any of its properties or assets are bound which are material to the business, financial condition, or its results of operation. For purposes of the preceding sentence, the term "material" refers to [NUOGAM\AGR:NPCSTKPR.AGR]-5 any obligation or liability which by their terms calls for aggregate payments of more than $10,000. ▇▇▇ ▇▇▇▇▇ holds an option to purchase 3,744,000 3,700,000 NPC Shares.