Shares Purchased. Sub shall have purchased Shares pursuant to the Offer, provided this condition shall be deemed to be satisfied if Sub fails to accept for payment and pay for Shares in violation of the Offer.
Shares Purchased. Following the Grantee’s exercise of the Grantee’s rights to purchase shares of Common Stock under this Agreement, the shares of Common Stock purchased by the Grantee will be freely tradable, subject to the Company’s policies and the Securities and Exchange Commission (“SEC”) rules regarding insider trading. Executive officers and members of the Board are required to comply with SEC Rule 144 and with the Company’s policies with respect to insider trading in connection with any sale of shares received upon the exercise of any stock options.
Shares Purchased. Pursuant to this Agreement, Seller agrees to sell Shares to Purchasers for an aggregate purchase price of USD$200,000, at a per share purchase price which shall be USD$10.5 per share. Purchasers agree to purchase Shares for the purchase price above.