Option to Purchase Additional Assets. 1. Consideration for Irrevocable Option. Purchaser will pay Seller $500.00, as the consideration for the options to purchase the additional assets in this section (“Option Fee”). Once the Option Fee is delivered to Seller, Seller cannot revoke the options under this Agreement.
Appears in 2 contracts
Sources: Purchase and Sale Agreement (Massive Interactive, Inc.), Purchase and Sale Agreement (Torchlight Energy Resources Inc)