Document ID: 10657

Text:
2.3. Initial Stock Option Grant and Equity Purchase Opportunity. As soon as practicable following the Commencement Date, (i)Holdings shall grant to the Executive an option to purchase 92,500 shares of common stock of Holdings, pursuant to the terms and conditions set forth in an option agreement between Holdings and the Executive, with such option agreement to be substantially in the form attached hereto as ExhibitA, (ii)Executive shall purchase common stock of Holdings with an aggregate purchase price of $500,000 pursuant to a subscription agreement substantially in the form attached hereto as ExhibitB, one half of the purchase price of which will be financed from the proceeds of the loan extended pursuant to the loan agreement substantially in the form attached hereto as ExhibitC.

Named Entities:
35
37
Shares
55
56
Title
94
97
Principal
101
102
Title
112
113
Ratio

Tokenized Text:
2
.
3
.
Initial
Stock
Option
Grant
and
Equity
Purchase
Opportunity
.
As
soon
as
practicable
following
the
Commencement
Date
,
(
i
)
Holdings
shall
grant
to
the
Executive
an
option
to
purchase
92
,
500
shares
of
common
stock
of
Holdings
,
pursuant
to
the
terms
and
conditions
set
forth
in
an
option
agreement
between
Holdings
and
the
Executive
,
with
such
option
agreement
to
be
substantially
in
the
form
attached
hereto
as
ExhibitA
,
(
ii
)
Executive
shall
purchase
common
stock
of
Holdings
with
an
aggregate
purchase
price
of
$
500
,
000
pursuant
to
a
subscription
agreement
substantially
in
the
form
attached
hereto
as
ExhibitB
,
one
half
of
the
purchase
price
of
which
will
be
financed
from
the
proceeds
of
the
loan
extended
pursuant
to
the
loan
agreement
substantially
in
the
form
attached
hereto
as
ExhibitC
.