Common use of Put/Call Option Clause in Contracts

Put/Call Option. In the event that Mitsui’s Pro Rata Share falls below ten percent (10%), (x) Mitsui shall have the right to sell to BioAmber Lux, and (y) BioAmber Lux shall have the right to purchase from Mitsui, all (but no less than all) of the Shares held by Mitsui (and any Permitted Transferee thereof) in either case at a purchase price in cash equal to one hundred percent (100%) of Mitsui’s aggregate equity contributions to the Company as of the closing date of such purchase.

Appears in 2 contracts

Samples: Joint Venture Agreement (BioAmber Inc.), Supply Agreement (BioAmber Inc.)

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Put/Call Option. In the event that Mitsui’s Pro Rata Share falls below ten percent (10%)[***], (x) Mitsui shall have the right to sell to BioAmber Lux, and (y) BioAmber Lux shall have the right to purchase from Mitsui, all (but no less than all) of the Shares held by Mitsui (and any Permitted Transferee thereof) in either case at a purchase price in cash equal to one hundred percent (100%) of Mitsui’s aggregate equity contributions to the Company as of the closing date of such purchase[***].

Appears in 2 contracts

Samples: Joint Venture Agreement (BioAmber Inc.), Joint Venture Agreement (BioAmber Inc.)

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