Examples of Original SPA in a sentence
Other than as set forth in this Amendment, all of the provisions of the Original SHA and the Original SPA remain in full force and effect.
Please refer to the Company’s announcements dated 29 August, 3 September, 13 September, 31 October and 20 December 2018 and the circular dated 29 November 2018 for more details.The Company had on 31 December 2018 and 21 January 2019 respectively executed (i) anaddendum to the Original SPA and agreed to extend the long stop date to 30 June 2019; and (ii) an addendum to revise certain terms of the Original SPA (the “Second Addendum”).
For all purposes under the Original SPA, the Investor hereby waives the Minimum Condition (including its right to terminate the Original SPA pursuant to Section 7.1(d) of the Original SPA) and this Section 5.2 shall constitute a waiver in writing of such condition in accordance with Section 2.2(a) and Section 9.8) of the Original SPA.
The fair value of the Original SPA Warrants was estimated to be $20,949,110 using a Monte Carlo valuation model incorporating future projections of the various potential outcomes and any exercise price adjustments based on future financing events.
If, notwithstanding the novation set out in clause 2 above, the Exiting Purchaser retains any rights or benefits under the Original SPA, it hereby irrevocably assigns such rights or benefits to the Incoming Purchaser and hereby releases the Seller from any liabilities or obligations to it in respect of such rights or benefits.