Document ID: 13056

Text:
2.6 Option. Purchaser is hereby granted an option to purchase and otherwise acquire title to the 20% of assets related to the Assets held by Seller for an aggregate purchase price of $200,000 or 20% of the fair market value as mutually agreed upon by Seller and Purchaser, whichever is greater. The Purchaser may deduct the amount qualified under Section 2.4, if applicable, from its payment to Seller. Such option vests on June 30, 2018 and has a term of three years. Notice of exercise of such option shall be delivered to Seller at Sellers address for notifications in Section 12.4 of this Agreement. During the term of such option, Seller may not grant any security interest in, lien on, pledge, loan or otherwise encumber such 20% of assets.

Named Entities:
19
20
Percentage
36
39
Price

Tokenized Text:
2
.
6
Option
.
Purchaser
is
hereby
granted
an
option
to
purchase
and
otherwise
acquire
title
to
the
20
%
of
assets
related
to
the
Assets
held
by
Seller
for
an
aggregate
purchase
price
of
$
200
,
000
or
20
%
of
the
fair
market
value
as
mutually
agreed
upon
by
Seller
and
Purchaser
,
whichever
is
greater
.
The
Purchaser
may
deduct
the
amount
qualified
under
Section
2
.
4
,
if
applicable
,
from
its
payment
to
Seller
.
Such
option
vests
on
June
30
,
2018
and
has
a
term
of
three
years
.
Notice
of
exercise
of
such
option
shall
be
delivered
to
Seller
at
Sellers
address
for
notifications
in
Section
12
.
4
of
this
Agreement
.
During
the
term
of
such
option
,
Seller
may
not
grant
any
security
interest
in
,
lien
on
,
pledge
,
loan
or
otherwise
encumber
such
20
%
of
assets
.