Option to Purchase Property Clause Samples

Option to Purchase Property. During the Term of this Lease, upon not less than sixty (60) days written notice, Lessee may elect to purchase the Property (“Option”). If the Option is exercised, the purchase price (“Purchase Price”) for the Property shall be $30,000 per acre for a total purchase price of Five Hundred Seventy-Four Thousand Dollars ($574,000.00). Upon execution of the Option, the parties shall open escrow with Chicago Title Company, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, in accordance with the customary terms of Kings County. Lessee shall close escrow no later than 60 days from the exercise of the purchase option. Lessee will pay for CLTA Owner’s Policy of Title Insurance and documentary transfer tax. Parties will share the escrow fee equally and allocate other closing costs consistent with the practice in Kings County, California. Upon close of escrow, the Lease shall terminate.

Option to Purchase Property. At any time prior to the Termination Date, Lessee shall have the right to purchase the Property from Lessor by giving Lessor thirty (30) days advance written notice. The purchase price for the Property shall be: (a) for the Property located in Suite 1001 (as such term is defined in the Sublease), as evidenced by the attached Exhibit A, the sum of Zero Dollars ($00.00); and (ii) for the Property located in Suite 2000 (as such term is defined in the Sublease), as evidenced by the attached Exhibit A, the sum of Fifty Five Thousand Seven Hundred Twenty Dollars ($55,720.00). Said purchase price, plus applicable taxes thereon, shall be paid by Lessee to Lessor, in cash, no later than thirty (30) days after the delivery of Lessee's written notice of election to purchase the Property. Lessor makes no representations or warranties regarding the condition of the Property, and Lessee agrees that the Property shall be purchased in its "as if" "where is" condition and that Lessee shall rely solely on its own examination and inspection of the Property. If Lessee does not elect to purchase the Property from Lessor prior to the Termination Date, then Lessor may remove the Property from the Premises, at Lessor's sole cost and expense, within thirty (30) days following the Termination Date or as otherwise mutually agreed to by the parties.

Option to Purchase Property. 26.1 The Organisation grants Department of Communities, Child Safety and Disability Services or its nominee an irrevocable option to purchase the Property. 26.2 Department of Communities, Child Safety and Disability Services may exercise the option by giving written notice to the Organisation (stating the name of the nominee if applicable). 26.3 If Department of Communities, Child Safety and Disability Services exercises the option pursuant to clause 26.1 then the consideration payable for the Property will be the current market value of the Property less the amount of the Capital Funds (except that if the current market value of the Property is less than the amount of the Capital Funds, the consideration will be the sum of $1.00). The current market value of the Property will be determined by a registered practicing valuer nominated by Department of Communities, Child

Option to Purchase Property. Notwithstanding anything to the contrary in this Agreement, during the term of the Lease the following early termination and option to purchase provisions shall apply:

Option to Purchase Property. (a) If the Company desires to assign, transfer, or otherwise dispose of all or a portion of the Property for value, Crown and Holding shall have the option, exercisable in the foregoing order of priority and succession, to purchase all of the Property. If the Company has not received an offer from a bona fide third party for the purchase of the Property, the price and terms of such sale shall be as agreed between Crown or Holding and the Company. (b) If the Company has received an offer from a bona fide third-party purchaser, the Company shall notify Crown and Holding setting forth (i) the identity and address of the proposed purchaser or other transferee thereof; (ii) that the Company has received a bona fide offer therefor, if a sale is contemplated; (iii) the cash and other consideration to be received by the Company in connection with such disposition; (iv) a true copy of the offer or agreement, if any, for such sale or other disposition and a certification by the Company that, to the best of its knowledge and belief, the offer or agreement is genuine and in all respects what it purports to be; (v) an offer to sell to Crown and Holding the Property, in that order of priority and succession, in accordance with this Section 8.5; and (vi) such other information as may be necessary or desirable in order to afford to Crown and Holding the benefits intended to be conferred by this Section 8.5. To the extent the terms of such sale or other transfer provide for the receipt by the Company of consideration other than cash or cash equivalents, the notice shall also include a fair market appraisal of such consideration prepared by a qualified independent appraiser. (c) Crown shall have 10 days after the effective date of the notice to elect to purchase all of the Property. To the extent Crown does not elect to purchase all of the Property, Holding shall have 10 days after the date of the expiration of Crown's option to elect to purchase all of the Property. Any such election shall be made by delivering written notice of such election to the Company within such applicable 10-day period. (d) If Crown or Holding has timely elected to purchase all of the Property to be sold, then such electing party shall purchase the Property within 30 days after expiration of the applicable period set forth herein, on a date and at a time designated in a written notice to be given at least two days in advance to the Company by the electing party, and at the principal place of Busine...

Option to Purchase Property. Owner hereby grants to TRC, and TRC shall have, the exclusive Option to purchase and retain all of Owner’s right, title and interest in the Property. The Option shall be exercised after completion of a feasibility study for the mining of the Property and the decision by TRC’s board of directors to commence commercial production of Minerals from the Property, and shall be exercised by written notice to Owner together with (1) a copy of said feasibility study, (2) a written resolution by said board to commence commercial production of Minerals from the Property, and (3) one million (1,000,000) TRC common shares issued and delivered to Owner in proportion to Owner’s interest in this Agreement (that is, 850,000 shares will be issued and delivered to ▇▇▇▇▇▇ Van Ert and 150,000 shares will be issued and delivered to ▇▇▇▇ ▇▇▇▇▇▇▇). Owner acknowledges that the stock certificates evidencing such shares may carry a legend that indicates that the shares have not been registered under the Securities Act of 1933, as amended. If TRC’s stock is registered on the Toronto Stock Exchange or any other stock exchange, Owner may elect to take any or all shares to which it is entitled hereunder through that exchange upon notice to TRC. If the Option is timely exercised by TRC, the Parties shall close the purchase and sale of the Property at a closing (the “Option Closing”) to be held at 10:00 a.m. on the date that is ten (10) days following Owner’s receipt of the notice of exercise of the Option and said study, resolution and shares, at a location in Reno, Nevada , specified by TRC in its notice, unless the Parties otherwise mutually agree. At the Option Closing, the following shall occur: (i) Owner shall deliver to TRC a duly executed release of the Deed of Trust in recordable form, (ii) Owner shall notify DMYL to deliver the Reconveyance Deed to TRC, (iii) this Agreement shall terminate, subject to the provisions of Section 11.5 below. The provisions of Section 4.1. A above shall apply to the TRC shares issued and delivered pursuant to this Section 6.1.

Option to Purchase Property. Subject to the terms and conditions of this Agreement and the Purchase Agreement, Optionor hereby grants to Optionee the sole exclusive option to purchase the Property, complete with all existing furniture, fixtures and equipment thereon, together with all of Optionor’s rights, title, licenses, privileges, and easements appurtenant to the Property for the term described in Section 2.1 below (the “Option”).

Option to Purchase Property. Optionor hereby grants to Optionee the irrevocable option (the “Option”) to purchase the Property, exercisable at any time during the period (the “Option Exercise Period”) commencing on the Option Commencement Date and expiring on the earlier of the 3- year anniversary of the date hereof or the date this Agreement is otherwise terminated (the “Option Expiry Date”), for a purchase price of Two Million, Two Hundred Thousand Dollars ($2,200,000.00), plus GST/HST, LTT and other applicable taxes of a similar nature.

Option to Purchase Property. Owner grants to Triband the exclusive right to purchase the Property, the Underlying Agreements and the property subject to the Underlying Agreements. The Purchase Price for the Option shall be Two Million Dollars ($2,000,000.00) United States currency, less the then outstanding balance of the purchase price payable under the Bida-Belaustegui Agreement and the outstanding balance under any oth▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇ying Agreements. The Option shall be exercisable in accordance with the provisions of this Section 6.1.