Purchase and Sale of Option Sample Clauses

Purchase and Sale of Option. The company hereby issues to --------------------------- Employee the non-transferable right and option ("Option") to purchase up to 352 shares (subject to adjustment as set forth herein) of its Common Stock at a purchase price of $.10 per share without commission or other charge pursuant to the terms hereof. The shares of Common Stock issuable an the exercise of the option are referred to herein as the "Option Shares."
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Purchase and Sale of Option. Seller hereby sells, transfers and assigns the Option to Buyer, and Buyer hereby purchases the Option from Seller, for a purchase price of $179,166.66 (the “Purchase Price”). Buyer has concurrently herewith paid the Purchase Price to Seller, and Seller acknowledges receipt of the Purchase Price.
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Purchase and Sale of Option. Purchaser hereby purchases and the Company hereby sells, assigns and transfers unto Purchaser all of the Company's right, title and interest in and to, the Assigned Option, in return for the consideration to be paid in accordance with the terms hereof to the Company as described in Exhibit 1 hereto.
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Purchase and Sale of Option. Upon the terms and subject to the conditions set forth herein, the Company hereby sells, issues and delivers to the Purchaser and the Purchaser hereby purchases and accepts, an irrevocable option (the "Option") to purchase for $17.00 per share in cash (the "Per Share Price") up to 1,366,000 (the "Base Shares") authorized but unissued shares of the Optioned Shares; provided, however, that after the Closing, the Option shall be automatically adjusted so that the Base Shares shall equal 1,366,000 multiplied by the Adjustment Fraction (as defined below) and the Per Share Price shall equal $17.00 multiplied by a fraction equal to one divided by the Adjustment Fraction. The Option shall expire if not exercised on or prior to December 11, 1998. The price the Purchaser shall pay for the Option is $1,650,000 (the "Option Purchase Price"). The Option Purchase Price shall be payable by wire transfer of immediately available funds, in accordance with the Company's written instructions, on the date hereof. For purposes of the adjustments described in this section, the "Adjustment Fraction" means a fraction, the numerator of which equals the Current Market Price (as defined below) of a share of Old Common Stock, and the denominator of which equals the Current Market Price of a share of Old Common Stock or a share of New Common Stock. The "Current Market Price of a share of Old Common Stock or a share of New Common Stock means the average per share closing price for the five trading days immediately preceding the Closing Date, in the case of the Old Common Stock, and the five trading days immediately following the Closing Date, in the case of the New Common Stock, as reported on the NASDAQ National Market.
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Purchase and Sale of Option. Subject to the terms and conditions set forth herein, USFC shall purchase from CFCI, and CFCI shall sell and transfer to USFC, the Option, free and clear of all Liens, for an aggregate purchase price of Twenty Five Million Dollars ($25,000,000.00). Such purchase price shall be paid by wire transfer to an account previously designated by CFCI to USFC in writing, against delivery of USFC of the Option in form appropriately endorsed by CFCI for transfer in blank. Such payment and delivery shall occur simultaneously with the execution and delivery of this Agreement by the parties.
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Purchase and Sale of Option. On the terms and subject to the conditions set forth in this Agreement, the Company hereby issues and sells the Option to Buyer, and Buyer hereby purchases the Option. The purchase price for the Option is $200,000 and has been paid by wire transfer or check.
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Purchase and Sale of Option. 4 Section 2.1 Purchase and Sale of Option............................... 4 Section 2.2 The Purchase Price........................................ 5 Section 2.3 The Initial Closing....................................... 6 Section 2.4 Delivery.................................................. 6 Section 2.5 Director Resignations..................................... 7
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Purchase and Sale of Option. The Seller HEREBY SELLS, CONVEYS, ASSIGNS, TRANSFERS, AND DELIVERS the Option, and all of the Seller's rights, title and interest in, to and under the Option Agreement, to the Purchaser and Purchaser's successors and assigns forever, free and clear of all liens, pledges, claims, charges, security interests, and other encumbrances ("ENCUMBRANCES"), and the Purchaser hereby purchases the Option and accepts assignment of the Option Agreement from the Seller. The Purchaser does not hereby assume any liability or obligation whatsoever of the Seller, including without limitation any such liability or obligation under the Option Agreement.
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Purchase and Sale of Option 
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Related to Purchase and Sale of Option

  • Purchase and Sale of Shares 2.1.1. Upon the terms and subject to the conditions set forth in this Agreement, at the Closing, Seller shall sell, transfer and deliver to Buyer, free and clear of all Liens (other than Liens under the Securities Act and any other applicable state or foreign securities Laws), and Buyer shall purchase from Seller, all right, title and interest in and to the Shares.

  • Purchase and Sale of Units The Purchaser hereby subscribes for and purchases from the Company, and the Company hereby issues and sells to the Purchaser, 25,000 units (the “Initial Units”) at a purchase price of approximately $.003478 per Initial Unit for an aggregate purchase price of $86.95. Each Initial Unit consists of one share of Common Stock and one warrant (an “Initial Warrant”) to purchase one additional share of Common Stock for $6.00 in accordance with the terms of the Warrant Agreement to be entered into by and between the Company and Continental Stock Transfer & Trust Company, as warrant agent, which shall be substantially in the form attached hereto as Exhibit A (the “Warrant Agreement”). The Initial Units, together with the underlying Common Stock and the Initial Warrants, are referred to herein as the “Securities.”

  • Purchase and Sale of Stock Purchaser hereby agrees to purchase from the Company, and the Company hereby agrees to sell to Purchaser, an aggregate of 37,500 shares of the Common Stock of the Company (the "Stock") at $0.01 per share, for an aggregate purchase price of $375.00, payable in cash. The closing hereunder, including payment for and delivery of the Stock, shall occur at the offices of the Company immediately following the execution of this Agreement, or at such other time and place as the parties may mutually agree (the "Closing").

  • Purchase and Sale of the Units Upon the terms and subject to the conditions of this Agreement, at the Closing, the Sellers shall severally sell, assign, transfer, convey and deliver, or cause to be sold, assigned, transferred, conveyed and delivered, to the Purchaser, all of the Units, and the Purchaser shall purchase the Units, free and clear of any Encumbrances.

  • Purchase and Sale of Common Shares (a) Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties set forth in Schedule B to this Agreement, the Purchaser hereby agrees to purchase from the Company and the Company hereby agrees to sell to the Purchaser, on the Closing Date, 104,500,000 Common Shares (the “Purchased Shares”) at a price of $48.60 per Purchased Share for an aggregate purchase price of $5,078,700,000 (the “Share Purchase Price”).

  • Purchase and Sale of Shares Closing Subject to the terms and conditions of this Agreement, the Company agrees to sell to Purchaser at the Closing, and Purchaser agrees to purchase from the Company at the Closing, 10,000,000 shares of Common Stock (the “Shares”), at a price per share of $6.00 (the “Purchase Price”). Subject to the satisfaction or waiver of the covenants and conditions set forth in Sections 2.3 and 2.4, the Closing shall occur on the date hereof at the offices of Xxxxxxxx & Xxxxxxxx or such other location as the parties shall mutually agree.

  • Purchase and Sale of the Shares Upon the terms and subject to the conditions of this Agreement, at the Closing, the Seller shall sell to the Purchaser, and the Purchaser shall purchase from the Seller, the Shares.

  • Purchase and Sale of Common Stock Subject to the terms and conditions set forth herein, the Company shall issue and sell to the Investor, and the Investor shall purchase from the Company, up to that number of Shares having an aggregate Purchase Price of Ten Million dollars ($10,000,000).

  • Purchase and Sale of the Warrants (i) As payment in full for the 4,000,000 Warrants being purchased under this Agreement, the Purchaser shall pay $6,000,000 (the “Purchase Price”), by wire transfer of immediately available funds in accordance with the Company’s wiring instructions, at least one (1) business day prior to the effective date of the Registration Statement, or on such other date as the Company and the Purchaser may agree.

  • Purchase and Sale of Warrants The purchase and sale of the Warrants shall occur simultaneously with the consummation of the IPO. At least 24 hours prior to the date of the final prospectus in connection with the IPO, the undersigned shall deliver $100,000.00 (the “Purchase Price”) to Continental or such other agent as may be agreed to by the parties hereto (“Agent”) to hold in an account until the Company consummates the IPO. Simultaneously with the consummation of the IPO, Agent shall deposit the Purchase Price, without interest or deduction, into a trust account established by the Company for the benefit of the Company’s public stockholders at JX Xxxxxx Chase Bank, N.A., and maintained by Continental, as trustee. In the event that the IPO is not consummated within fourteen (14) days of the date the Purchase Price is delivered to Agent, Agent shall return the Purchase Price to the Purchaser, with accrued interest.

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