Conditions of Additional Closing(s). At any time and from time to time following the Closing, the Company may, at one or more additional closings (each an “Additional Closing”), without obtaining the signature, consent or permission of Investor, offer and sell to other investors (the “New Investors”), at a price of $1.80 per Share, up to that number of Shares that is equal to 8,333,333 Shares less the number of Shares previously issued and sold by the Company. New Investors may include persons or entities who are already owners of shares of the Company’s Series C Preferred Stock or other capital stock.
Conditions of Additional Closing(s). Subject to the terms and conditions of this Agreement, at any time and from time to time during the 90 day period immediately following the Closing, the Company may, at one or more additional closings (each an “Additional Closing”), without obtaining the signature, consent or permission of any of the Investors, offer and sell to other investors (the “New Investors”), pursuant to this Agreement under terms no more favorable to such New Investors than the terms and conditions set forth in this Agreement, Notes having an aggregate principal amount of no more than the difference of (i) $7,000,000 minus (ii) the aggregate principal amount of all Notes previously sold hereunder. New Investors may include persons or entities who are already Investors under this Agreement.
Conditions of Additional Closing(s). On the funding dates set forth below, the Company may, at one or more additional closings (each an “Additional Closing”), issue and sell to the Investors additional Senior Notes in proportion to each Investor to the Senior Notes sold at the Closing, and such Senior Notes having an aggregate principal amount of up to $500,000, provided, however, that achievement of the milestone event at each such Additional Closing shall have been previously approved by a majority of the aggregate principal amount of the Senior Notes:
Conditions of Additional Closing(s). On each date on which the Company documents to the Investor’s satisfaction the completion of the milestone event set forth below, which dates shall be no less than one month from the previous funding, the Company may, at one or more additional closings (each an “Additional Closing”), issue and sell to the Investors additional Class B Notes in proportion to each Investor to the Class B Notes sold at the Closing, and such Class B Notes having an aggregate principal amount of up to $720,000, provided, however, that achievement of the milestone event at each such Additional Closing shall have been previously approved by a majority of the aggregate principal amount of the Class B Notes: Funded Funding Amount Milestone Event YES $115,000 Establishment of the BVI entities to facilitate the Chinese reverse takeover (“RTO”) public listing of Haijie, WITU or other client acceptable to Investors. $130,000 Execution of a WOFE Joint Venture Agreement between Redwood Capital, Inc. and Haijie, WITU, Boyuan or other client acceptable to Investors. $125,000 Completion of the Business Plan for Haijie, Boyuan (Est. 7/20), WITU or other client acceptable to Investors. $150,000 Completion of a PCAOB-approved audit for a Redwood Capital client such as Haijie, Wuhan International Trade University (“WITU”), Boyuan or other client acceptable to Investors. $100,000 Another (i) Execution of a WOFE Joint Venture Agreement between Redwood Capital, Inc. and Haijie, WITU or other client acceptable to Investors or (ii) Haijie, WITU, Boyuan or other client acceptable to Investors obtaining a term sheet from a lead investor for its RTO funding. $100,000 Haijie, WITU, Boyuan or other client acceptable to Investors obtaining a term sheet from a lead investor for its RTO funding.
Conditions of Additional Closing(s). At any time and from time to time during the period sixty days immediately following the Initial Closing (the “Additional Closing Period”), upon satisfaction or waiver of the conditions set forth in Section 5 herein and subject to the terms and conditions hereof, the Company may, at one or more additional closings (each, an “Additional Closing”), offer and sell to other investors (the “Additional Purchasers”), at a price of $6.56 per share, up to a maximum of 1,524,390 Preferred Shares in the aggregate, provided that any such Additional Purchasers must be approved in writing by the Purchaser, in its sole discretion.
Conditions of Additional Closing(s). On or around the dates set forth on Exhibit A, Purchaser shall have the option, in its sole discretion, to purchase from the Company the Second Note and the Third Note in the principal amounts set forth opposite Purchaser’s name on Exhibit A. At each Closing, the Company shall deliver to Purchaser the executed Note against payment of the Purchase Price therefor by check payable to the Company or by wire transfer to a bank designated by the Company.
Conditions of Additional Closing(s). At any time and from time to time following the Closing, the Company may, at one or more additional closings (each an “Additional Closing”), without obtaining the signature, consent or permission of Investor, offer and sell to other investors (the “New Investors”), at a price of $1.80 per Share, additional Shares. New Investors may include persons or entities who are already owners of shares of the Company’s Series C-1 Preferred Stock or other capital stock.
Conditions of Additional Closing(s). At any time and from time to time during the 90 day period following the Initial Closing (the “Additional Closing Period”), the Company may, at one or more additional closings (each an “Additional Closing”), without obtaining the signature, consent or permission of Investor, offer and sell to other investors (the “New Investors”), at a price of $1.80 per Share, up to that number of Shares that is equal to 8,333,333 Shares less the number of Shares actually issued and sold by the Company at the Initial Closing. New Investors may include persons or entities who are already owners of shares of the Company’s Series C Preferred Stock or other capital stock. At least one New Investor must be an institutional investor that purchases a minimum of 1,111,111 Shares; provided, that this requirement may be waived by holders of a majority of the then-outstanding Series C Preferred Stock.
Conditions of Additional Closing(s). At any time and from time to ----------------------------------- time immediately following the Closing until 5:00 p.m. Pacific Time on July 31, 2001 (the "Additional Closing Period"), the Company may, at one or more additional closings (each an "Additional Closing"), without obtaining the signature, consent or permission of any of the Investors, offer and sell to other investors (the "New Investors"), at a price of $6.95 per share, additional shares of Series B Stock and/or Series B-1 Stock; provided, -------- however, that the number of shares of Series B Stock and/or Series B-1 ------- Stock that may be so sold may not exceed 4,316,547, less the aggregate number of shares of Series B Stock and Series B-1 Stock actually issued and sold by the Company at the Closing and prior Additional Closings. New Investors may include persons or entities who are already Investors under this Agreement.
Conditions of Additional Closing(s). At any time or times on or before December 31, 1997, the Company may, at one or more closings (each an "Additional Closing"), without obtaining the signature, consent or permission of any of the Investors, offer and sell to other Investors ("New Investors"), at a price of not less than $4.11 per share, up to that number of shares of Series C Stock that is equal to 2,676,399 shares of Series C Stock less the number of shares of Series C Stock actually issued and sold by the Company prior to such Additional Closing pursuant to this Agreement and such New Investors shall be entitled to receive Warrants, if any, on the same terms and conditions as are set forth in this Agreement. New Investors may include persons or entities who are already Investors under this Agreement."
