Second Option Period. If Company extends the Option for the Second Option Period, the sum of Five Thousand U.S. Dollars ($5,000) (the “Second Option Payment”) payable promptly following Company’s notice to Owner of such election. The Second Option Payment shall not be applicable against the Purchase Price.
Appears in 4 contracts
Sources: Screenplay Option/Purchase Agreement (American Picture House Corp), Screenplay Option/Purchase Agreement (American Picture House Corp), Screenplay Option/Purchase Agreement (American Picture House Corp)