Common use of Issuance of New Options Clause in Contracts

Issuance of New Options. Whenever the Company is required to issue a new Option pursuant to the terms of this Option, such new Option shall be of like tenor with this Option, and shall have an issuance date, as indicated on the face of such new Option which is the same as the Issuance Date.

Appears in 2 contracts

Sources: Security Agreement (Bioxytran, Inc), Security Agreement (Bioxytran, Inc)