Share Option. 2.01 The Corporation hereby grants to the Optionee, subject to the terms and conditions hereinafter set out, an irrevocable option to purchase at any time or from time to time on or before the Expiration Date, 10,000 common shares of the Corporation at a price of $0.20 per Share. 2.02 At 4:30 p.m., Calgary time, on the Expiration Date, the Share Option shall forthwith expire and terminate and be of no further force or effect whatsoever as to such of the Option Shares in respect of which the Share Option hereby granted has not then been exercised.
Appears in 3 contracts
Sources: Directors' and Management Stock Option Agreement, Directors' and Management Stock Option Agreement (Jenex CORP), Directors' and Management Stock Option Agreement (Jenex CORP)