FURTHER INVESTMENT. The Investor and the Company agree to discuss, from time to time, possible future investments by the Investor in the securities of the Company in connection with future acquisition opportunities that the Company may identify. The Company acknowledges that no Investor has made any commitment to make any such future investment, and that the decision to make any such future investment is in the sole discretion of each Investor. The Investor acknowledges that the Company has made no commitment to offer any such future investment to any Investor, and that the decision to make any such offer of future investment is in the sole discretion of the Company.
FURTHER INVESTMENT. 14.1 For the avoidance of doubt there is no obligation on the Founder Members to contribute more than their Initial Commitment set out at paragraph 4.2 above.
FURTHER INVESTMENT. With respect to shares of the Company (including securities convertible into shares of the Company) expected to be issued to a third party, the Company will provide the Purchaser a fair and reasonable opportunity to acquire all, but not less than all, such shares upon the same terms and conditions as to be offered to the third party provided that Purchaser continues to own the Series C Shares or at least 5% of the Company's issued and outstanding common stock. The rights of the Purchaser pursuant to this Section 6.1 shall not apply to any shares to be issued in the IPO, to any shares issued pursuant an acquisition or merger that has been duly approved by the Company's board of directors, or pursuant to employee or director or consultant stock-based incentive plans duly adopted by the Company's board of directors and shall expire upon the consummation of the IPO.
FURTHER INVESTMENT. Seabury has the right, but not the obligation, to participate in any equity transaction completed during the term of this Engagement, on the same terms as the other investors to such equity transaction. Seabury's allocation in any equity transaction shall be limited, however, to ten percent (10%) of the total capital raise.
FURTHER INVESTMENT. X Group, in its sole discretion, will have the right for a period for six months from the Effective Date (the “Investment Period”), to lend Nukk an additional $500,000 in consideration of a convertible promissory note that will have a term of two years, bear interest at 12% and will convert into shares of common stock at a per share price of $0.25. During the Investment Period, Nukk may not incur additional debt or enter into any equity financing arrangement without the written consent of X Group. Nukk hereby represents and clarifies that as of the day of this Agreement there is no other convertible note issued to any third party provided that Nukk issued a Promissory Note to Xxxxxx Xxxxxx on April 30, 2024 providing for the issuance of shares of common stock of Nukk upon the occurrence of various events of default.
FURTHER INVESTMENT. The Purchaser shall contribute US$1,000,000 to the capital of the Company at Closing. Furthermore, the Purchaser shall make a capital contribution in the amount of US$1,000,000 to the Company by forgiving and returning the Company Note marked as paid.
FURTHER INVESTMENT. Buyer will, in the event of Closing, provide GPL with additional working capital up to US $2,000,000 in the form of equity or debt in the sole discretion of Buyer as well as cash equity sufficient to enable GPL to satisfy its obligation to Kexxxx Xxxxxxxx xs described in Section 6(h) below.
FURTHER INVESTMENT. (a) Subject to applicable Laws and the terms and conditions of this Agreement, during the Share Purchase Period, the Investor agrees that it shall, or shall cause one or more of its Affiliates, to acquire through one or more trades on the facilities of the TSX or the NYSE, Common Shares such that the Investor and its Affiliates collectively have beneficial ownership of and direction and control over not less than 9% of the issued and outstanding Common Shares at the conclusion of the Share Purchase Period (the “Share Purchases”); provided, however, that this Section 4.3 shall not obligate the Investor or its Affiliates to purchase any Common Shares at a price per share in excess of $10.
FURTHER INVESTMENT. The parties hereto acknowledge and agree that at any time and from time to time the Xxxx Group shall have the option to purchase additional shares of Common Stock at Original Cost for an aggregate purchase price not to exceed $3,500,000; but only to the extent that the proceeds from such purchase are used by the Company to satisfy the Company's obligations under the Holdings Term Loan.
FURTHER INVESTMENT. Neither MDI nor ISI-D shall have any obligation to provide additional funding to the Company by way of purchase of additional Shares or loans.
