Common use of Put Purchase Price Clause in Contracts

Put Purchase Price. a. In the event Subscriber exercises the Put Right hereunder, the purchase price per unit at which the Company shall be required to purchase the Put Option Units (the “Put Purchase Price”) shall be equal to the value of the Put Option Units and shall be satisfied by the issuance to the Subscriber by the Company of such number of shares of the Company’s Common Stock (the “Consideration Shares”) calculated as follows: For every 1 Put Option Share held by the Subscriber as at the Put Option Exercise Date, one (1) share of the Company’s Common Stock shall be issued to the Subscriber as Consideration Shares (the “Agreed Ratio”). The Agreed Ratio shall be adjusted in accordance with this Agreement as required from time to time. b. The parties hereby acknowledge and confirm that the Agreed Ratio reflects a value per Subsidiary unit of Membership Interest of $2.00 (with the aggregate value of the Subsidiary Securities being equal to $2,250,000) and a value per share of the Company’s Common Stock of $2.00, in each case as at the date of this Agreement, and the parties further acknowledge and agree that any adjustments required to be made to the Subscriber’s entitlement to Securities under this Agreement shall take account of the fact that the Agreed Ratio as a the date of this Agreement is based on such valuations.

Put Purchase Price. a. In the event Subscriber exercises the Put Right hereunder, the purchase price per unit at which the Company shall be required to purchase the Put Option Units (the “Put Purchase Price”) shall be equal to the value of the Put Option Units and shall be satisfied by the issuance to the Subscriber by the Company of such number of shares of the Company’s Common Stock (the “Consideration Shares”) calculated as follows: For every 1 one (1) Put Option Share Unit held by the Subscriber as at the Put Option Exercise Date, one One (1) share of the Company’s Common Stock shall be issued to the Subscriber as Consideration Shares (the “Agreed Ratio”). The Agreed Ratio shall be adjusted in accordance with this Agreement as required from time to time. b. The parties hereby acknowledge and confirm that the Agreed Ratio reflects a value per Subsidiary unit of Membership Interest of $2.00 (with the aggregate value of the Subsidiary Securities Units being equal to $2,250,0002,500,000) and a value per share of the Company’s Common Stock of $2.00, in each case as at the date of this Agreement, and the parties further acknowledge and agree that any adjustments required to be made to the Subscriber’s entitlement to Securities under this Agreement shall take account of the fact that the Agreed Ratio as a the date of this Agreement is based on such valuations.