Number of Shares; Purchase Price. Subject to the terms and conditions of this Agreement, at the Closing, the Purchaser agrees to purchase and the Company agrees to sell and issue to the Purchaser 1,875,000 shares of Series B-4 Preferred Stock at a price of $3.20 per share (the “Purchase Price”). The shares of Series B-4 Preferred Stock issued to the Purchaser pursuant to this Agreement shall be referred to in this Agreement as the “Shares”. 1.2
Appears in 2 contracts
Samples: Convertible Preferred Stock Subscription Agreement, Convertible Preferred Stock Subscription Agreement
Number of Shares; Purchase Price. Subject to the terms and conditions of this Agreement, at the Closing, the Purchaser agrees to purchase and the Company agrees to sell and issue to the Purchaser 1,875,000 22,000 shares of Series B-4 A Preferred Stock at a price of $3.20 1,000.00 per share share, for a total purchase price of $22,000,000 (the “Purchase Price”). The shares of Series B-4 A Preferred Stock issued to the Purchaser pursuant to this Agreement shall be referred to in this Agreement as the “Shares”. 1.2.
Appears in 1 contract
Samples: Senior Perpetual Preferred Stock Subscription Agreement (IMH Financial Corp)
Number of Shares; Purchase Price. Subject to the terms and conditions of this Agreement, at the Closing, the Purchaser agrees to purchase and the Company agrees to sell and issue to the Purchaser 1,875,000 shares of Series B-4 Preferred Stock at a price of $3.20 per share (the “Purchase Price”). The shares of Series B-4 Preferred Stock issued to the Purchaser pursuant to this Agreement shall be referred to in this Agreement as the “Shares”. 1.2.
Appears in 1 contract
Samples: Convertible Preferred Stock Subscription Agreement (IMH Financial Corp)
