Common use of Purchase and Sale of Series A-5 Preferred Stock Clause in Contracts

Purchase and Sale of Series A-5 Preferred Stock. (a) On May 17, 2011, NB will purchase and Radius will sell and issue to NB 64,430 shares of Radius Series A-5 Preferred Stock (the “Series A-5 Shares”), representing the quotient (rounded to the nearest whole number) obtained by dividing (x) the U.S. Dollar equivalent (determined in accordance with the provisions of the next sentence) of €371,864 by (y) US$8.142 per share (the “Series A-5 Purchase Price Per Share”). Radius shall determine the U.S. Dollar equivalent of such €371,864 using the exchange rate for buying U.S. Dollars with EUROS set forth in The Wall Street Journal(Online Edition) Market Data Center at xxxx://xxxxxx.xxx.xxx/mdc/public/page/marketsdata.html on the Business Day that is two (2) Business Days preceding the date of the Closing. The aggregate purchase price payable by NB for the Series A-5 Shares shall be €371,864.

Appears in 3 contracts

Samples: Stock Issuance Agreement (Radius Health, Inc.), Stock Issuance Agreement (Radius Health, Inc.), Stock Issuance Agreement (Radius Health, Inc.)

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Purchase and Sale of Series A-5 Preferred Stock. (a) On May 17, 2011the Effective Date, NB will purchase and Radius will sell and issue to NB 64,430 shares of Radius Series A-5 Preferred Stock (the “Series A-5 Shares”), representing the quotient (rounded to the nearest whole number) obtained by dividing (x) the U.S. Dollar equivalent (determined in accordance with the provisions of the next sentence) of €371,864 by (y) US$8.142 0.5428 per share (the “Series A-5 Purchase Price Per Share”). Radius shall determine the U.S. Dollar equivalent of such €371,864 using the exchange rate for buying U.S. Dollars with EUROS set forth in The Wall Street Journal(Online Edition) Market Data Center at xxxx://xxxxxx.xxx.xxx/mdc/public/page/marketsdata.html on the Business Day that is two (2) Business Days preceding the date of the Closing. The aggregate purchase price payable by NB for the Series A-5 Shares shall be €371,864[ ].

Appears in 1 contract

Samples: Stock Issuance Agreement (Radius Health, Inc.)

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