Token Purchase Agreement definition
Examples of Token Purchase Agreement in a sentence
If the LP Advisory Committee determines that the Network has achieved the Second Milestone on the Second Milestone Date, the Partnership will transfer to the Seller the balance of the amount due to the Seller as determined in accordance with the terms of the Token Purchase Agreement.
On or about December 1, 2017, in accordance with the Token Purchase Agreement, the Partnership will remit to the Seller an amount in cash equal to 20% of the total Capital Contributions of the Limited Partners as a non-refundable advance on the Milestone Tokens to be sold by the Seller to the Partnership for distribution to the Limited Partners upon the satisfaction of the requirements set forth herein and in the Token Purchase Agreement.
If the LP Advisory Committee determines that Blockstack has achieved the First Milestone on the First Evaluation Date, no later than 30 days after the First Evaluation Date the Partnership will transfer to the Seller cash in an amount equal to 40% of the aggregate Capital Contributions of the Limited Partners in exchange for the Milestone Tokens pursuant to and in accordance with the Token Purchase Agreement.
Employee acknowledges that he has a right to receive 89,321,100 of the Company’s tokens to be introduced in the fall of 2018 (the “Stacks Tokens”) pursuant to that certain Blockstack Token Purchase Agreement, dated as of September 30, 2017 (the “Token Purchase Agreement”), between Employee and the Company’s subsidiary Blockstack Token LLC, , and each of Employee and the Company acknowledge that the Stacks Tokens held by Employee are subject to the terms and conditions of the Token Purchase Agreement.