Purchase of Equity. Concurrent with signature of this Agreement, MERCK shall purchase from ARCHEMIX, and ARCHEMIX shall issue and sell to MERCK, on the Signing Date, ([***]) shares of Series C Preferred Stock, $.001 par value per share, of ARCHEMIX for a purchase price of [***] Dollars (US $[***]) per share or Twenty Nine Million Eight Hundred Forty Four Thousand Four Hundred Fourteen Dollars (US $29,844,414) in the aggregate by wire transfer of immediately available funds according to instructions that ARCHEMIX shall provide and pursuant to the terms and subject to the conditions set forth in the Stock Purchase Agreement. Portions of this Exhibit were omitted and have been filed separately with the Secretary of the Commission pursuant to the Company’s application requesting confidential treatment under Rule 406 of the Securities Act.
Purchase of Equity a. Subject to compliance with and possible reduction pursuant to the terms hereof and the consummation on the Subsidiary Amalgamation, HIIC hereby subscribes for and agrees to purchase from SGI during the period from the day after the Subsidiary Amalgamation through the 90th day after the Subsidiary Amalgamation (the "Commitment Period") up to 650,000 Shares (the "Equity Commitment") at a price of $1.00 per Share (the "Subscription Price")when requested by IEL in accordance with the schedule set forth herein (each also, a "Funding Date") as required to fund the working capital needs of IEL. Subject to possible reduction as set forth below, IEL shall be able to require Lender to purchase a number of Shares equal to one-third of the Equity Commitment on each of the 30th, 60th and 90th days (or first business day thereafter) after the Subsidiary Amalgamation; provided any amounts which are not required to be purchased on any such scheduled date may be required to be purchased at any remaining scheduled date. The Subscription Price payable by Lender shall be payable in cash or other immediately available funds. In the event that IEL fails to satisfy its obligations under the Note upon maturity thereof, such failure shall be deemed to be "exigent circumstances" as described in Section 2.4(b) of the Shareholders Agreement dated December 30, 1994 among SGIH, HIIC and IEL.
b. Borrower shall deliver a Notice of Exercise to Lender identifying (i) the portion of the Equity Commitment required to be exercised and (ii) the Funding Date. Within three (3) days of receipt of a Notice of Exercise, SGI and IEL shall cause their respective Chief Executive Officer to deliver to HIIC Officer's Certificates of SGI and IEL which shall state that, as of the date thereof and on the Funding Date, the representations set forth herein shall be true and correct and no default of SGI or IEL exists under this Agreement.
c. Following receipt and review of the required documentation, Lender shall pay the Subscription Price for the portion of the Equity Commitment required to be exercised on the Funding Date if such documentation is reasonably satisfactory to Lender in all material respects and provided that all the conditions contained herein are satisfied in all material respects.
d. When Lender shall make full payment to SGI for the Shares subscribed by Lender, and such payment is received by SGI, the proper officers of SGI shall execute and deliver to Lender a certificate representing ...
Purchase of Equity. 53 7.4 Royalties ............................................................... 53 7.4.1 Royalty Rates .................................................. 53 7.4.2 Royalty Adjustments ............................................ 55 (a) Unpatented Products ..................................... 55 (b) Competition ............................................. 55 7.4.3
Purchase of Equity. On the Effective Date, Wyeth and ViroPharma shall enter into the Stock Purchase Agreement attached to this Agreement as Exhibit 7.3, pursuant to which Wyeth shall purchase, and ViroPharma will sell to Wyeth, shares of the capital stock of ViroPharma on the terms and conditions set forth therein.
Purchase of Equity. 47 7.4 Royalties.................................................................................................... 47 7.4.1
Purchase of Equity. On the Effective Date, AHPC and ViroPharma shall enter into the Stock Purchase Agreement attached to this Agreement as Exhibit 7.3, pursuant to which AHPC shall purchase, and ViroPharma will sell to AHPC, shares of the capital stock of ViroPharma on the terms and conditions set forth therein.
Purchase of Equity. Incyte will purchase such number of shares of Syros’ common stock, $0.001 par value per share, as set forth in, and subject to the terms and conditions of, that certain Stock Purchase Agreement.
Purchase of Equity. Within thirty days of the Effective Date, the Executive shall purchase additional equity in the Company in the form of strips (each strip shall consist of approximately 10.5 preferred units and one (1) common unit) ("Strips"), for an aggregate purchase price of Two Hundred Thousand Dollars ($200,000). The purchase price for each Strip shall be $100.00 per preferred unit and $0.01 per common unit comprising each Strip. The purchase of the Strips shall be made subject to a customary subscription agreement, unit repurchase agreement (which shall incorporate the right but not the obligation of the Company or its designee to repurchase the Strips upon the termination of the Executive's employment with the Company for any reason), and the Company's Operating Agreement.
Purchase of Equity. Subject to the terms and conditions hereof and based upon the representations and warranties set forth herein, the Vendors agree to sell and transfer to Spur BVI and Spur BVI agrees with the Vendors to purchase sixty-five percent (65%) of Xinyuan Equity free and clear of all liens, mortgages, pledges, security interests, hypothecations, demands, charges, pre-emptive rights, adverse claims and any other claims and encumbrances excepting the mortgages arising out of the bank loans from Industrial and Commercial Bank of China, Three Gorges Branch, Jiangnan Sub-Branch as set out in Appendix “C”.
Purchase of Equity. Upon execution of this Agreement GM agrees to purchase One Million Two Hundred Thousand (1,200,000) Class A Common Shares of Island Breeze International, Inc. for a price of Six Hundred Thousand ($600,000) Dollars. In connection with the purchase, GM shall execute the Securities Purchase Agreement and Questionnaire attached hereto as Exhibit A.
