Option Consideration

Option Consideration. The sum of One Hundred Dollars ($100).

Option Consideration. If (i) the Closing Date occurs within six (6) months after the Merger Closing Date, and (ii) Enterprises has not exercised the Enterprises Warrant, in full, on or prior to the Closing Date, Optionee shall only pay sixty percent (60%) of the Option Consideration (i.e., 5,400,000 shares of Quentra Common Stock and 2,280,000 Warrants) to Conrad and the Enterprises Warrant shall convert into the right to receive forty percent (40%) of the Option... Consideration (i.e., 3,600,000 shares of Quentra Common Stock and 1,520,000 Warrants) for the same consideration as set forth in the Enterprises Warrant; in such event, if the Enterprises Warrant, as converted, is not exercised, in full, on or prior to the six (6) month anniversary of the Merger Closing Date, such warrant shall expire and no longer be of any force or effect. If the Closing Date occurs after the six (6) month anniversary of the Merger Closing Date and Enterprises fails to exercise the Enterprises Warrant, in full, on or prior to the Closing Date, such warrant shall terminate and no longer be of any force or effect and Optionee shall only be obligated to pay sixty percent (60%) of the Option Consideration to Conrad. View More