Pacific Mercantile Co Ltd Sample Contracts

Pacific Mercantile Co Ltd – OPTION AGREEMENT (March 16th, 1998)

1 OPTION AGREEMENT THIS AGREEMENT is made between CROSS CREEK FINANCE GROUP LTD., a corporation organized under the laws of the Province of British Columbia ("Cross Creek") and OERI FINANCE INC., a corporation organized under the laws of Switzerland ("Oeri"). In consideration of the covenants and agreements contained herein and the payment of $1.00 by each party hereto to the other and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 1 INTERPRETATION 1.1 Definitions ----------- In this Agreement, unless the context otherwise requires, the following words and expressions shall have the following meanings: (a) "Call" means Oeri's right to require Cross Creek to sell the Hariston Shares to Oeri at the Call Price pursuant to Section 2.1 of this Agreement; (b) "Call Period" means the 15 day period of time