Chardan definition
Examples of Chardan in a sentence
For the aggregate sum of $1,000,000 (the “Initial Purchase Price”), of which Lucid will pay $200,000 and Chardan will pay $800,000, upon the terms and subject to the conditions of this Agreement, the Purchasers hereby agree to purchase from the Company, and the Company hereby agrees to sell to the Purchasers, on the Closing Date (as defined in Section 1.2) 100,000 Initial Units at $10.00 per Initial Unit, with Lucid purchasing 20,000 Initial Units and Chardan purchasing 80,000 Initial Units.
In addition to the foregoing, the Purchasers hereby agree to purchase up to an additional 15,000 Additional Units at $10.00 per Additional Unit, with Lucid purchasing 3,000 Additional Units and Chardan purchasing 12,000 Additional Units, for an aggregate sum of $150,000 (the “Additional Purchase Price” and together with the Initial Purchase Price, the “Purchase Price”), of which such Additional Purchase Price Lucid will pay $30,000 and Chardan will pay $120,000.