Participation in Future Financings. (a) In the event that, on any on or more occasions during the five (5) year period of time following the Closing Date, the Company shall elect to issue and sell for cash any additional securities of the Company (each a “Financing”) and shall receive any proposals for such purchases and Financing(s) from any other Person (each, a “Financing Proposal”), it shall promptly provide to the Purchaser a full and complete copy of each such Financing Proposal and each of the amendments or modifications thereto The Purchaser shall have the right, but not the obligation, upon notice to the Company and such Person providing the Financing Proposal, to participate in such additional Financing (a) initially, in an amount equal to up to one hundred percent (100%) of the first $200.0 million dollar amount of securities to be issued in any one or more of such proposed Financing(s), and (b) thereafter,. in an amount equal to up to fifty percent (50%) the aggregate dollar amount of securities in excess of $200.0 million that are to be issued in any such proposed Financing; in each case, all upon the same terms and conditions set forth in the applicable Financing Proposal and/or in any definitive financing documentation relating to such Financing.
Appears in 4 contracts
Samples: Stock Purchase Agreement (Asia Special Situation Acquisition Corp), Stock Purchase Agreement (China Tel Group Inc), Stock Purchase Agreement (Asia Special Situation Acquisition Corp)
