Biogreen definition
Examples of Biogreen in a sentence
The Company may exercise the Option at any time during the Option Period by delivering to Biogreen a written notice of exercise (Option Exercise Notice).
This Option Agreement (Option Agreement) sets out the terms and conditions upon which Biogreen has agreed to ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Resources Pty Ltd (ACN 135 851 213) or its nominee (Albertson or its nominee are collectively referred to as the Company) an exclusive option (Option) to acquire a 100% interest in the Project (Acquisition).
In relation to the Option Period Payments, Biogreen declares that, on the date of this Option Agreement, Biogreen is an Australian resident for tax purposes.
Subject to the terms and conditions of this Option Agreement, (including without limitation, the Company paying the Option Payments in cleared funds, Biogreen irrevocably grants the Option to the Company.
The Company may at any time, terminate the Option and bring the Option Period Payments to an end by notifying Biogreen in writing that it does not wish to proceed with the Option, and upon receipt by Biogreen of such notice: (i) the Company will make the next two Option Period Payments (in one lump sum within 30 days of such termination); and (ii) the Option will immediately lapse and no longer be capable of exercise or extension by the Company; and (iii) the Option Period will be taken to have ended.
If the Company terminates the Option then, Biogreen will own and have the benefit of all the work done during the Option Period including work done by the Company and its consultants.
All Confidential Information in relation to the Project must be returned to Biogreen upon termination of the Option (other than that information which is identified as being the Confidential Information of the Company).
The Company indemnifies Biogereeen for any loss, cost, damage expense or claim which Biogreen incurs as a result of this representation and warranty being incorrect.
Acquisition and exclusivity Biogreen has agreed to irrevocably grant to the Company an exclusive Option to purchase the assets and assume the agreed liabilities of the Project on the terms and conditions set out in this document and the attached Asset Sale Agreement.
The Company may extend the Initial Option Period to 5pm on 18 December 2019 by providing Biogreen notice in writing advising of the Company intention to extend the Initial Option Period and paying to Biogreen the amount of $100,000 (Extended Option Period).