Common use of Consideration for the Option Clause in Contracts

Consideration for the Option. This Option is given in connection with the transaction (the "Transaction") described in the Stock Investment Agreement executed on January 25, 2002, and the agreement of TFS to sell the securities to Buyers is an integral part of the transaction, supported by adequate consideration, receipt of which is hereby acknowledged by TFS.

Appears in 2 contracts

Sources: Option to Acquire Shares Agreement (Genesis Financial Inc), Option to Acquire Shares Agreement (Genesis Financial Inc)

Consideration for the Option. This Option is given in connection with the transaction (the "β€œTransaction"”) described in the Stock Investment Agreement executed on January 25, 2002, and the agreement of TFS to sell the securities to Buyers is an integral part of the transaction, supported by adequate consideration, receipt of which is hereby acknowledged by TFS.

Appears in 1 contract

Sources: Option to Acquire Shares (Temporary Financial Services Inc)