Common Contracts
2 similar Option Agreement contracts by Cord Blood America, Inc.
Put Option for 4,000,000 shares of the Common Stock of CORD BLOOD AMERICA, INC. PUT OPTION AGREEMENTOption Agreement • February 20th, 2007 • Cord Blood America, Inc. • Services-medical laboratories
Cord Blood America, Inc., a corporation organized under the laws of the State of Florida (“Cord Blood”), hereby agrees that, for value received, Ascendiant Securities, LLC, its successors or assigns (the “Holder”), is entitled, subject to the terms set forth below, to require the Company (as defined herein) from and after the earlier of (the earlier of such dates being the “Put Commencement Date”) (1) the date Corcell, Ltd., a Nevada corporation has repaid the entire principal and accrued interest on its $2,300,000 Secured Original Issue Discount Debenture, dated the date hereof (the “Debenture”), issued to Shelter Island Opportunity Fund, LLC and (2) August 14, 2009, until August 14, 2010 (the “Put Termination Date”), to repurchase from Holder, up to 4,000,000 shares (the “Put Shares”) of Common Stock (as defined herein) at the Exercise Price (as defined herein). The number and character of the Put Shares and the Exercise Price per share are subject to the adjustment mechanisms under
Put Option for 36,000,000 shares of the Common Stock of CORD BLOOD AMERICA, INC. PUT OPTION AGREEMENTOption Agreement • February 20th, 2007 • Cord Blood America, Inc. • Services-medical laboratories
Cord Blood America, Inc., a corporation organized under the laws of the State of Florida (“Cord Blood”), hereby agrees that, for value received, Shelter Island Opportunity Fund, LLC, its successors or assigns (the “Holder”), is entitled, subject to the terms set forth below, to require the Company (as defined herein) from and after the earlier of (the earlier of such dates being the “Put Commencement Date”) (1) the date Corcell, Ltd., a Nevada corporation has repaid the entire principal and accrued interest on its $2,300,000 Secured Original Issue Discount Debenture, dated the date hereof (the “Debenture”), issued to the Holder and (2) August 14, 2009, until August 14, 2010 (the “Put Termination Date”), to repurchase from Holder, up to 36,000,000 shares (the “Put Shares”) of Common Stock (as defined herein) at the Exercise Price (as defined herein). The number and character of the Put Shares and the Exercise Price per share are subject to the adjustment mechanisms under the Common Stoc
