Common use of OPTION CONSIDERATION Clause in Contracts

OPTION CONSIDERATION. For and in consideration of the Option herein granted, Optionee has paid, and Optionor hereby acknowledges receipt of, the sum of One Hundred Dollars and No/Cents ($100.00) (the “Option Consideration”). The Option Consideration is not refundable under any circumstances and may not be applied against any sums payable pursuant to the Acquisition Agreement.

OPTION CONSIDERATION. For and in As partial consideration for the grant of the Option herein grantedthis Option, Optionee has paid, and paid to Optionor hereby acknowledges receipt of, the sum of One Hundred and No/100ths Dollars and No/Cents ($100.00) (the “Option Consideration”). The Option Consideration , receipt of which is not refundable under any circumstances and may not be applied against any sums payable pursuant to the Acquisition Agreementhereby acknowledged.