Put Option definition
Examples of Put Option in a sentence
Number of [First Put Option Shares] / [Second Put Option Shares] : __________________________________ [First Put Option Consideration] / [Second Put Option Consideration] : _________________________________ [First Put Option Exercise Date] / [Second Put Option Exercise Date] : __________________________________ Name: VARIA ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Date: For and on behalf of RUNDING CAPITAL PTE.
The Second Put Option may be exercised by the Put Option Shareholders by jointly serving a notice on the Investor in the form set out in Schedule 8 (“Second Put Option Notice”) on the Second Put Option Exercise Date.
Completion Date means the third (3rd) Business Day after the first to occur of the date on which the Put Option or the Call Option has been exercised, or such other date as may be agreed in writing between the Seller and the Purchaser.
The Second Put Option Completion shall take place within five (5) Business Days following the Second Put Option Exercise Date.
The Consideration Shares shall be subject to a lock-up period of six (6) months from the date of issuance, during which such Consideration Shares may not be sold, transferred, pledged, assigned or otherwise disposed of by the Put Option Shareholders.