Form of Payment, Purchase Price. The Purchase Price for each Draw Down Notice shall be equal to Seventy Five Percent (75%) of the lowest closing bid price during the Valuation Period. On the date that a Draw Down Notice is delivered to Purchaser, the Company shall deliver an estimated amount of shares to Purchaser’s brokerage account equal to 125% of the investment amount indicated in the Draw Down Notice divided by the lowest closing bid price for the five trading days immediately prior to the date of the Draw Down Notice (the “Estimated Shares”).
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Samples: Securities Purchase Agreement (Gopher Protocol Inc.), Securities Purchase Agreement (Ehouse Global, Inc.)
Form of Payment, Purchase Price. The Purchase Price for each Draw Down Notice shall be equal to Seventy Five Percent (75%) 87% of the lowest closing bid trading price during the Valuation Period. On the date that a Draw Down Notice is delivered to Purchaser, the Company shall deliver an estimated amount of shares to Purchaser’s brokerage account equal to 125% of the investment amount indicated in the Draw Down Notice divided by 87% of the lowest closing bid trading price for in the five ten trading days immediately prior to the date of the Draw Down Notice (the “Estimated Shares”).
Appears in 2 contracts
Samples: Securities Purchase Agreement (Chess Supersite Corp), Securities Purchase Agreement (Chess Supersite Corp)
Form of Payment, Purchase Price. The Purchase Price for each Draw Down Notice shall be equal to Seventy Five Percent (75%) 85% of the lowest closing bid price two trading prices during the Valuation Period. On the date that a Draw Down Notice is delivered to Purchaser, the Company shall deliver an estimated amount of shares to Purchaser’s brokerage account equal to 125% of the investment amount indicated in the Draw Down Notice divided by 85% of the average of the two lowest closing bid price for trading prices in the five ten trading days immediately prior to the date of the Draw Down Notice (the “Estimated Shares”).
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Samples: Securities Purchase Agreement (Cherubim Interests, Inc.)
Form of Payment, Purchase Price. The Purchase Price for each Draw Down Notice shall be equal to Seventy Five Percent (75%) 82.5% of the lowest closing bid price during the Valuation Period. On the date that a Draw Down Notice is delivered to Purchaser, the Company shall deliver an estimated amount of shares to Purchaser’s brokerage account equal to 125% of the investment amount indicated in the Draw Down Notice divided by the lowest closing bid price for the five ten trading days immediately prior to the date of the Draw Down Notice (Notice. The aggregate Purchase Price will be held in Escrow and immediately released to the “Estimated Shares”)Company upon shares clearing in the Buyer’s brokerage account.
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Form of Payment, Purchase Price. The Purchase Price for each Draw Down Notice shall be equal to Seventy Five Percent (75%) 87.5% of the lowest closing bid trading price during the Valuation Period. On the date that a Draw Down Notice is delivered to PurchaserBuyer, the Company shall deliver an estimated amount of shares to PurchaserBuyer’s brokerage account equal to 125% of the investment amount indicated in the Draw Down Notice divided by 87.5% of the lowest closing bid trading price for in the five ten trading days immediately prior to the date of the Draw Down Notice (the “Estimated Shares”).
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