Common use of Transferability of the Option Clause in Contracts

Transferability of the Option. The OPTION shall NOT be transferable or exercisable by any person other than the OPTIONEE, without prior written approval of the OPTIONOR.

Appears in 3 contracts

Sources: Option to Purchase Assets Agreement (Hydrodynex, Inc.), Option to Enter Into a Joint Venture (GreenPlex Services, Inc.), Option to Purchase Assets Agreement (Multisys Language Solutions Inc)

Transferability of the Option. The OPTION shall NOT not be transferable or exercisable by any person other than the OPTIONEE, without prior written approval of the OPTIONOROPTIONORS.

Appears in 2 contracts

Sources: Option to Purchase Mineral Assets Agreement (Apd Antiquities, Inc.), Option to Purchase Mineral Assets Agreement (Apd Antiquities, Inc.)

Transferability of the Option. The OPTION shall NOT be transferable or exercisable by any person other than the OPTIONEE, without prior written approval of the OPTIONOR.

Appears in 2 contracts

Sources: Stock Option Agreement (Duska Therapeutics, Inc.), Stock Option Agreement (Energenx, Inc.)

Transferability of the Option. The OPTION shall NOT be transferable or exercisable by any person other than or entity by the OPTIONEE, without prior written approval of the OPTIONOROPTIONORS.

Appears in 1 contract

Sources: Option to Purchase Mineral Rights Agreement (Multisys Language Solutions Inc)