('G2' or the '
Optionee') can be found on Treasury's website at: Goldeye Explorations Ltd.
* $1,000,000 within five (5) business days of the closing of project financing to place the Property or any part thereof into commercial production in accordance with a feasibility study completed by the
Optionee within 24 months of the exercise of the Option.
(118) The Ninth Circuit, however, appears to hold generally "that an unexercised purchase option is not an executory contract because until the
optionee exercises the option neither party has any duties to the other the breach of which would excuse the other party's performance." COLLIER ON BANKRUPTCY, supra note 101, [paragraph] 365.02 n.22 (citing Unsecured Creditors' Comm.
The deal also called for CDN 150,000 cash payable by Ardiden to Landore upon completion, and CDN 150,000 of ordinary shares of the
optionee.
At the onset of the holiday season, when the odds are in the
optionee's favor, stock options provide a convenient way of obtaining the money needed to meet additional spending requirements.
This option was exercised by an undisclosed specialist pharmaceutical company based in Europe (
optionee).
Unlike financial market options, options in real estate are ordinarily restricted to the
optionee and cannot be separately sold.
all the facts and circumstances, the
optionee was entitled to specific
Because the
optionee has to come up with sufficient after-tax cash to pay the exercise price and cover the taxable event related to the exercise, cashflow becomes a problem.
One of the criticisms of exercise-date valuation is that it may result in no compensation expense being recorded if the options expire "out of the money." This may be viewed as an unattractive result, given that the
optionee was awarded something of economic value on the option grant date and is assumed to have increased her work efforts as a result of the award.
The grant of the License follows the exercise by this top-tier global pharmaceutical company of the option (the "Antibody Option") that it acquired from Intellect pursuant to an Option Agreement executed by Intellect and the top-tier global pharmaceutical company (the "
Optionee") in October 2008.