Share Purchase Option. The Majority Shareholders covenant and agree to cause the Corporation to grant, prior to December 31, 1999, to LV Capital, the right and option to purchase shares of Common Stock of the Corporation, or other securities of the Corporation convertible into, exchangeable for or carrying any rights to purchase shares of Common Stock, with respect to all shares of Common Stock or any kind of security convertible into, exchangeable for or carrying any rights to purchase shares of Common Stock of the Corporation to be issued after the date of closing of the Stock Purchase Agreement (including without limitation the reissuance of treasury shares) (the "Subsequently Issued Equity Securities"), as follows (the "Purchase Rights"):
Share Purchase Option. 4.1. Within 36 months from the Effective Date, the Marketing Agent may exercise an option to purchase the value of AUD $150,000 (one hundred and fifty thousand dollars) for AUD $30,000. This Option will be available for the Marketing Agent at Pre-Listing or Post-Listing. Under the managed License agreement, the Marketing Agent (the Licensee) may or may not exercise this share purchase option.
Share Purchase Option. Concurrently with the execution of the 1992 Agreement, the Company and the Executive entered into a Share Purchase Option in the form attached thereto as Exhibit A (the "OPTION"), granting to the Executive the right to purchase those shares of Outstanding Stock (as defined in such Exhibit A) as described herein.
Share Purchase Option. The Company hereby agrees to issue and sell to the Underwriter (and/or its designees) at a purchase price of $100 on the Closing Date an option ("Underwriter's Share Purchase Option") for the purchase of an aggregate of 5% of the Shares sold pursuant to this Agreement. The initial exercise price for the Shares covered by the Underwriter's Share Purchase Option shall be $5.60 per share ("Underwriter's Shares"), 140% of the public offering price of the Shares. The Underwriter's Shares are identical to the Shares sold to the public. The Underwriter's Share Purchase Option and the Underwriter's Shares are hereinafter referred to collectively as the "Underwriter's Securities." The Shares sold to the public and the Underwriter's Securities are hereinafter referred to collectively as the "Securities".
Share Purchase Option. The Underwriter's Shares have been duly authorized and, when duly issued and delivered, such warrants will constitute valid and legally binding obligations of the Company enforceable in accordance with their terms and entitled to the benefits provided by the Share Purchase Option. The shares issuable upon exercise of the Underwriter's Share Purchase Option when issued and sold, upon receipt of the proper consideration therefor, will be duly authorized, validly issued, fully paid and non-assessable and free of preemptive rights and no personal liability will attach to the ownership thereof.
Share Purchase Option. 4.1 The Company grants to the Consultant the right and option (the “Option”) to purchase 150,000 common shares of the Company (the “Optioned Shares”) for one year commencing on the Effective Date (the “Option Term”), unless the Services have been terminated earlier and the provisions of section 6 apply, at an exercise price of $0.35
Share Purchase Option. 6.17. Should any Share is subject to attachment or is encumbered in disagreement with this Agreement (“Attached Shares”), the Shareholders who are not holders of Attached Shares shall be entitled to purchase all Attached Shares, at a price equal to the appraised value of the Attached Shares obtained for the attachment purposes (“Option Price”), subject to the terms and conditions set forth in this Section 6 (“Purchase Option in Case of Attachment”).
Share Purchase Option. 21.1 Subject to the adoption by Neuro-Biotech and its shareholders of a By-Law and resolution creating a Stock Option Plan, the employee shall be offered, at the discretion of the Board of Directors of Neuro Biotech, a share purchase option, the number of share and the price of which being decided by the Directors of Neuro-Biotech according to the productivity and performance of the employee.
Share Purchase Option. 5.1 The Seller hereby grants the Buyer an option (the “Share Purchase Option”) to acquire all the Shares on the terms set out in this Agreement.
Share Purchase Option. 5.1 On the EGM Date, the Seller shall be deemed to have automatically granted the Buyer an option (the “Option”) to acquire all the Shares on the terms set out in this Agreement.
