Initial Financing. The Parent shall have received fully executed subscription agreements with respect to a common stock offering pursuant to Rule 506 of the Securities Act in the aggregate amount of at least Two Million Dollars (US$2,000,000) (the “Proceeds”) at $0.25 per share of common stock of the Parent (the “Initial Financing”).
Appears in 3 contracts
Sources: Stock Purchase and Recapitalization Agreement (Liberator, Inc.), Stock Purchase and Recapitalization Agreement (WES Consulting, Inc.), Stock Purchase and Recapitalization Agreement (Liberator, Inc.)