PRICE AND CONSIDERATION. In full consideration for the purchase by Premier of the Purchased Stock, Premier shall cancel that amount of the Debt Owed then held by Premier in the amount of twenty-five dollars ($25.00) per share of Series B Preferred Stock purchased by Premier as Purchased Stock (the "Purchase Price"). Premier shall deliver to OIS written evidence, in a form acceptable to OIS, showing the cancellation of the aforementioned indebtedness under the terms of this Agreement.
Appears in 2 contracts
Samples: Agreement (Ophthalmic Imaging Systems Inc), Agreement (Premier Laser Systems Inc)
PRICE AND CONSIDERATION. In full consideration for the purchase by Premier of the Purchased Stock, Premier shall cancel on each Closing that amount of the Debt Owed then held by Premier in the amount of twenty-five dollars ($25.00) per share of Series B Preferred Stock purchased by Premier as Purchased Stock (the "Purchase Price"). Premier shall deliver to OIS written evidence, in a form acceptable to OIS, showing the cancellation of the aforementioned indebtedness under the terms of this Agreement.
Appears in 2 contracts
Samples: Series B Preferred Stock Purchase Agreement (Premier Laser Systems Inc), Preferred Stock Purchase Agreement (Ophthalmic Imaging Systems Inc)
