Minimum Subscription. 4.1 The Offering is subject to a minimum subscription of 3,500,000 Shares (the “Minimum Subscription”).
Minimum Subscription. The undersigned Subscriber hereby understands no Subscription Agreement having a total Purchase Price in an amount less than the minimum subscription as indicated on the Memorandum will be accepted by the Company.
Minimum Subscription. The minimum initial subscription and the minimum additional subscription for Units per Unitholder in respect of each Sub-Fund are set out in Annex A.
Minimum Subscription. This Agreement may be cancelled, without any remedy to the Subscriber, in the event that the minimum subscription level of $1,000,000 is not achieved within one year of qualification of the Company's Offering Circular.
Minimum Subscription. The Company shall have received from the Purchasers not less than $1,400,000 in immediately available funds for the purchase of the Purchased Shares in accordance with the terms of this Agreement.
Minimum Subscription. 1.2 A minimum of $30,000 of Units must be purchased by the Purchaser, unless a lower amount is agreed to by the Company and the Placement Agent, in their sole discretion.
Minimum Subscription. 10.1 The Offering is subject to a minimum subscription of 3, 000, 000 Units.
Minimum Subscription. An aggregate of $8,000,200 of shares of Common Stock shall have been purchased by the Investors pursuant to this Agreement.
Minimum Subscription. An aggregate of $5,266,250 of shares of Common Stock shall have been purchased by the Investors pursuant to this Agreement.
Minimum Subscription. The Private Placement is conditioned upon the minimum offering ($1,000,000 or 40 Units) being fully subscribed for by December 5, 2003, unless such date has been extended by the Company and Kingsdale Capital Markets Inc., as placement agent (the "Placement Agent"). The minimum amount of Units that may be purchased is (i), in the case of the Company's current stockholders that are "accredited investors" and that purchased units of the Company in the initial tranche of the private placement consummated on March 6, 2003 (the "Merger Private Placement"), in connection with the merger (the "Merger") of the Company's subsidiary, Refocus Acquisition Corp., with and into Presby Corp on March 6, 2003 (the "Tranche I Investors"), a dollar amount equal to or greater than the dollar amount of the Tranche I Investor's current obligation in the second tranche of the Merger Private Placement (i.e. an amount equal to or greater than the amount of the Tranche I Investor's investment in the Company in the initial tranche of the Merger Private Placement), and (ii), in the case of "accredited investors" other than Tranche I Investors, one (1) Unit ($25,000). A Tranche I Investor may subscribe for more Units than its current obligation in the second tranche of the Merger Private Placement, and any amount that exceeds the Tranche I Investor's minimum subscription amount shall be on the same terms. Subscriptions for lesser amounts may be accepted at the discretion of the Company.
