Extended Option Period. If the Optionee is in compliance with all requirements set forth in this Option Agreement and the Optionee has obtained all necessary transmission and construction permits, the Optionee may extend the option period to the 13th day of August, 2007 (“Extended Option Period”) by providing proof of ownership of all construction permits necessary to construct and operate the above noted facility, a written request to extend the Option period and payment of ($250.00 the “Extended Option Fee”) to the Optionor on or before May 13th, 2007.
Extended Option Period. If the Optionee is in compliance with all requirements set forth in this Option Agreement, the Optionee may extend the option period to the 1st day of May, 2008 (“Extended Option Period”) by providing a written request to extend the Option period and payment of five thousand dollars ($5,000.00) the (“Extended Option Fee”) to the Optionor on or before November 30, 2007.
Extended Option Period. Subject to completion of the Initial Option Period, a period of 6 months during which Caspin will undertake a drilling program (to be paid for by ASM) to produce samples which will be subject of metallurgical testwork undertaken by ASM, to a minimum amount of A$250,000.
Extended Option Period. The Option Period defined under Section 6.1 of this Agreement shall be extended in the event that Net Sales of the Product and Other Licensed Products exceed (***). In such an event, the Option Period for all purposes of this Agreement shall expire on the third anniversary of the first day of the month following the end of the twelve month period in which such sales were attained and shall be known as the "Extended Option Period."
Extended Option Period. On or before August 15, 2004, Great American may elect to enter into an extended option (the "Extended Option") to purchase the Leasehold Rights from Xxxxx. The Extended Option shall have a period of two (2) years, commencing on August 15, 2004 (the "Effective Date") and ending at midnight on August 14, 2006. During the term of the Extended Option, and until Great American exercises its option to purchase pursuant to Section 1.3 below, Great American shall make the following option payments to Xxxxx:
