Purchase Option Clause Example with 65 Variations from Business Contracts
This page contains Purchase Option clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Purchase Option. THIS CERTIFIES THAT, in consideration of $100 duly paid by or on behalf of EarlyBirdCapital, Inc. ("Holder"), as registered owner of this Purchase Option, to Big Rock Partners Acquisition Corp. ("Company"), Holder is entitled, at any time or from time to time upon the later of the consummation of a Business Combination or _____________, 2018 ("Commencement Date"), and at or before 5:00 p.m., New York City local time, on the five year anniversary of the effective date ("Effective Date") of the Co...mpany's registration statement ("Registration Statement") pursuant to which Units are offered for sale to the public ("Offering"), but not thereafter ("Expiration Date"), to subscribe for, purchase and receive, in whole or in part, up to five hundred thousand (500,000) units ("Units") of the Company, each Unit consisting of one share of common stock of the Company, par value $0.0001 per share ("Common Stock"), one right ("Right(s)") entitling the Holder to receive one tenth (1/10) of a share of Common Stock upon consummation of a Business Combination, and one-half of one warrant ("Warrant(s)"), each whole warrant to purchase one share of Common Stock. Each Right is the same as the right included in the Units being registered for sale to the public by way of the Registration Statement. Each Warrant is the same as the warrant included in the Units being registered for sale to the public by way of the Registration Statement ("Public Warrants"). If the Expiration Date is a day on which banking institutions are authorized by law to close, then this Purchase Option may be exercised on the next succeeding day which is not such a day in accordance with the terms herein. Notwithstanding anything to the contrary, the Holder agrees that it will not be permitted to exercise this Purchase Option or the Warrants underlying this Purchase Option after the five year anniversary of the Effective Date. During the period ending on the Expiration Date, the Company agrees not to take any action that would terminate the Purchase Option. This Purchase Option is initially exercisable at $10.00 per Unit so purchased; provided, however, that upon the occurrence of any of the events specified in Section 6 hereof, the rights granted by this Purchase Option, including the exercise price per Unit and the number of Units (and shares of Common Stock, Rights and Warrants) to be received upon such exercise, shall be adjusted as therein specified. The term "Exercise Price" shall mean the initial exercise price or the adjusted exercise price, depending on the context.View More
Variations of a "Purchase Option" Clause from Business Contracts
Purchase Option. THIS CERTIFIES THAT, in consideration of $100 $100.00 duly paid by or on behalf of EarlyBirdCapital, Inc. ___________ ("Holder"), as registered owner of this Purchase Option, to Big Rock Partners Acquisition Corp. ("Company"), the Company, Holder is entitled, at any time or from time to time upon the later of the consummation of a Business Combination or _____________, 2018 _________ ___, 2019 ("Commencement Date"), and terminating at or before 5:00 p.m., New York City local time, on the five ye...ar anniversary of the effective date ("Effective Date") of the Company's registration statement ("Registration Statement") pursuant to which Units are offered for sale to the public ("Offering"), but not thereafter Registration Statement ("Expiration Date"), to subscribe for, purchase purchase, and receive, in whole or in part, up to five two hundred fifty thousand (500,000) (250,000) units ("Units") of the Company, each Unit consisting of one share of Class A common stock of the Company, par value $0.0001 per share ("Common Stock"), Stock") and one right ("Right(s)") warrant ("Warrant"), with each warrant entitling the Holder to receive one tenth (1/10) of a share of Common Stock upon consummation of a Business Combination, and one-half of one warrant ("Warrant(s)"), each whole warrant holder to purchase one share of Common Stock. Each Right is the same as the right included in the Units being registered for sale to the public by way of the Registration Statement. Each Warrant is the same as the warrant included in the Units being registered for sale to the public by way of the Registration Statement ("Public Warrants"). If the Expiration Date is a day on which banking institutions are authorized by law to close, then this Purchase Option may be exercised on the next succeeding day which is not such a day in accordance with the terms herein. Notwithstanding anything to the contrary, the Holder agrees that it will not be permitted to exercise neither this Purchase Option or nor the Warrants underlying this Purchase Option may be exercisable after the five year five-year anniversary of the Effective Date. During the period beginning on the date hereof and ending on the Expiration Date, the Company agrees not to take any action that would terminate the Purchase Option. This Purchase Option is initially exercisable at $10.00 per Unit so purchased; provided, however, that upon the occurrence of any of the events specified in Section 6 hereof, the rights granted by this Purchase Option, including the exercise price per Unit and the number of Units (and shares of Common Stock, Rights Stock and Warrants) to be received upon such exercise, shall be adjusted as therein specified. The term "Exercise Price" shall mean the initial exercise price or the adjusted exercise price, depending on the context. View More
Purchase Option. THIS CERTIFIES THAT, in consideration of $100 $100.00 duly paid by or on behalf of EarlyBirdCapital, Inc. Cantor Fitzgerald & Co. ("Holder"), as registered owner of this Purchase Option, to Big Rock Partners Acquisition Corp. JM Global Holding Company ("Company"), Holder is entitled, at any time or from time to time upon the later of the consummation of a Business Combination or _____________, 2018 _______, 2016 ("Commencement Date"), and at or before 5:00 p.m., New York City local time, on the ...five year anniversary of the effective date ("Effective Date") of the Company's registration statement ("Registration Statement") pursuant to which Units are offered for sale to the public ("Offering"), but not thereafter ("Expiration Date"), to subscribe for, purchase and receive, in whole or in part, up to five hundred thousand (500,000) Four Hundred Thousand (400,000) units ("Units") of the Company, each Unit consisting of one share of common stock of the Company, par value $0.0001 per share ("Common Stock"), and one right ("Right(s)") entitling the Holder warrant ("Warrant(s)"), each to receive one tenth (1/10) purchase one-half (1/2) of a share of Common Stock upon consummation of a Business Combination, and one-half of one warrant ("Warrant(s)"), each whole warrant to purchase one share of Common Stock. Each Right is the same as the right included in the Units being registered for sale to the public by way of the Registration Statement. Each Warrant is the same as the warrant included in the Units being registered for sale to the public by way of the Registration Statement ("Public Warrants"). If the Expiration Date is a day on which banking institutions are authorized by law to close, then this Purchase Option may be exercised on the next succeeding day which is not such a day in accordance with the terms herein. Notwithstanding anything to the contrary, the Holder agrees that it will not be permitted to exercise neither this Purchase Option or nor the Warrants underlying this Purchase Option may be exercisable after the five year anniversary of the Effective Date. During the period ending on the Expiration Date, the Company agrees not to take any action that would terminate the Purchase Option. This Purchase Option is initially exercisable at $10.00 per Unit so purchased; provided, however, that upon the occurrence of any of the events specified in Section 6 hereof, the rights granted by this Purchase Option, including the exercise price per Unit and the number of Units (and shares of Common Stock, Rights Stock and Warrants) to be received upon such exercise, shall be adjusted as therein specified. The term "Exercise Price" shall mean the initial exercise price or the adjusted exercise price, depending on the context. View More
Purchase Option. THIS CERTIFIES THAT, in consideration of $100 $[●] duly paid by or on behalf of EarlyBirdCapital, Inc. [●] ("Holder"), as registered owner of this Purchase Option, to Big Rock Partners Acquisition Corp. Forum Merger Corporation ("Company"), Holder is entitled, at any time or from time to time upon the later of the consummation of a Business Combination or _____________, April 6, 2018 ("Commencement Date"), and at or before 5:00 p.m., New York City local time, on the five year anniversary of the ...effective date ("Effective Date") of the Company's registration statement ("Registration Statement") pursuant to which Units are offered for sale to the public ("Offering"), but not thereafter ("Expiration Date"), to subscribe for, purchase and receive, in whole or in part, up to five hundred thousand (500,000) [●] ([●]) units ("Units") of the Company, each Unit consisting of one share of Class A common stock of the Company, no par value $0.0001 per share ("Common Stock"), one right ("Right(s)") entitling the Holder to receive one tenth (1/10) of a share of Common Stock upon consummation of a Business Combination, and one-half of one warrant ("Warrant(s)"), each whole warrant to purchase one share of Common Stock. Each Right is the same as the right included in the Units being registered for sale to the public by way of the Registration Statement. Each Warrant is the same as the warrant included in the Units being registered for sale to the public by way of the Registration Statement ("Public Warrants"). If the Expiration Date is a day on which banking institutions are authorized by law to close, then this Purchase Option may be exercised on the next succeeding day which is not such a day in accordance with the terms herein. Notwithstanding anything to the contrary, the Holder agrees that it will not be permitted to exercise neither this Purchase Option or nor the Warrants underlying this Purchase Option may be exercisable after the five year anniversary of the Effective Date. During the period ending on the Expiration Date, the Company agrees not to take any action that would terminate the Purchase Option. This Purchase Option is initially exercisable at $10.00 per Unit so purchased; provided, however, that upon the occurrence of any of the events specified in Section 6 hereof, the rights granted by this Purchase Option, including the exercise price per Unit and the number of Units (and shares of Common Stock, Rights and Warrants) to be received upon such exercise, shall be adjusted as therein specified. The term "Exercise Price" shall mean the initial exercise price or the adjusted exercise price, depending on the context. View More
Purchase Option. THIS CERTIFIES THAT, in consideration of $100 $100.00 duly paid by or on behalf of EarlyBirdCapital, Inc. ("Holder"), as registered owner of this Purchase Option, to Big Rock Partners Barington/Hilco Acquisition Corp. ("Company"), Holder is entitled, at any time or from time to time upon the later of the consummation of a Business Combination or _____________, 2018 [ ], 2016 [the first anniversary of the Effective Date] ("Commencement Date"), and at or before 5:00 p.m., New York City local time,... on the five year anniversary of the effective date ("Effective Date") of the Company's registration statement ("Registration Statement") pursuant to which Units units are offered for sale to the public ("Offering"), but not thereafter ("Expiration Date"), to subscribe for, purchase and receive, in whole or in part, up to five hundred thousand (500,000) Two Hundred Thousand (200,000) units ("Units") of the Company, each Unit consisting of one share of common stock of the Company, stock, par value $0.0001 per share ("Common Stock"), of the Company, one right ("Right(s)") entitling the Holder to receive one tenth (1/10) of a share of Common Stock upon consummation of a Business Combination, Combination and one-half of one warrant ("Warrant(s)"), each whole warrant ("Warrant(s)") entitling the holder to purchase one-half (1/2) of one share of Common Stock. Each Right and Warrant is the same as the right and warrant included in the Units being registered for sale to the public by way of the Registration Statement. Each Warrant is the same as the warrant included in the Units being registered for sale to the public by way of the Registration Statement ("Public Warrants"). If the Expiration Date is a day on which banking institutions are authorized by law to close, then this Purchase Option may be exercised on the next succeeding day which is not such a day in accordance with the terms herein. Notwithstanding anything to the contrary, the Holder agrees that it will not be permitted to exercise this Purchase Option or the Warrants underlying this Purchase Option after the five year anniversary of the Effective Date. During the period ending on the Expiration Date, the Company agrees not to take any action that would terminate the this Purchase Option. This Purchase Option is initially exercisable at $10.00 $11.00 per Unit so purchased; provided, however, that upon the occurrence of any of the events specified in Section 6 hereof, the rights granted by this Purchase Option, including the exercise price per Unit and the number of Units (and shares of Common Stock, Rights and Warrants) to be received upon such exercise, shall be adjusted as therein specified. The term "Exercise Price" shall mean the initial exercise price or the adjusted exercise price, depending on the context. View More
Purchase Option. THIS CERTIFIES THAT, in consideration of $100 $[100.00] duly paid by or on behalf of EarlyBirdCapital, Inc. ("Holder"), as registered owner of this Purchase Option, to Big Rock Partners Acquisition Corp. Forum Merger Corporation ("Company"), Holder is entitled, at any time or from time to time upon the later of the consummation of a Business Combination or _____________, [●], 2018 ("Commencement Date"), and at or before 5:00 p.m., New York City local time, on the five year [five year] anniversar...y of the effective date ("Effective Date") of the Company's registration statement ("Registration Statement") pursuant to which Units are offered for sale to the public ("Offering"), but not thereafter ("Expiration Date"), to subscribe for, purchase and receive, in whole or in part, up to nine hundred thirty-seven thousand five hundred thousand (500,000) (937,500) units ("Units") of the Company, each Unit consisting of one share of Class A common stock of the Company, no par value $0.0001 per share ("Common Stock"), one right ("Right(s)") entitling the Holder to receive one tenth (1/10) of a share of Common Stock upon consummation of a Business Combination, and one-half of one warrant ("Warrant(s)"), each whole warrant to purchase one share of Common Stock. Each Right is the same as the right included in the Units being registered for sale to the public by way of the Registration Statement. Each Warrant is the same as the warrant included in the Units being registered for sale to the public by way of the Registration Statement ("Public Warrants"). If the Expiration Date is a day on which banking institutions are authorized by law to close, then this Purchase Option may be exercised on the next succeeding day which is not such a day in accordance with the terms herein. Notwithstanding anything to the contrary, the Holder agrees that it will not be permitted to exercise neither this Purchase Option or nor the Warrants underlying this Purchase Option may be exercisable after the five year anniversary of the Effective Date. During the period ending on the Expiration Date, the Company agrees not to take any action that would terminate the Purchase Option. This Purchase Option is initially exercisable at $10.00 per Unit so purchased; provided, however, that upon the occurrence of any of the events specified in Section 6 hereof, the rights granted by this Purchase Option, including the exercise price per Unit and the number of Units (and shares of Common Stock, Rights Stock and Warrants) to be received upon such exercise, shall be adjusted as therein specified. The term "Exercise Price" shall mean the initial exercise price or the adjusted exercise price, depending on the context. View More
