Third Tranche. OPLI will have an option to make a third investment of a maximum of $2.0 million in cash during December 1998 (the "Third Tranche"). In consideration of and upon funding of the Third Tranche, DVS will issue up to a maximum of $2.0 million of convertible preferred shares ("Preferred Stock")
Appears in 3 contracts
Sources: Investment Agreement (Oregon Power Lending Institution), Investment Agreement (Digital Video Systems Inc), Investment Agreement (Digital Video Systems Inc)