PUTS. Subject to the conditions and limitations set forth herein, the Company may make a Put by the delivery of a duly completed written Put Notice to the Investor, specifying the Investment Amount that the Company intends to sell to the Investor. The number of Put Shares shall be determined by dividing the Investment Amount specified in the Put Notice by the Purchase Price for such Put which shall be 70% of the average closing bid price of the stock during the Valuation Period.
Appears in 4 contracts
Samples: Stock Purchase Agreement (Spongetech Delivery Systems Inc), Stock Purchase Agreement (Texxar Inc), Stock Purchase Agreement (Wilon Energy Group Inc)