Document ID: 16265

Text:
5.5 Repurchase of Shares. In the event the Closing is completed but the Follow-On Closing (as defined in the Corollary Agreement) is not completed, ACM shall have the right, but not the obligation, to demand that Ninebell and/or Shareholder to purchase the Shares from ACM for an aggregate price of US$1,200,000 , provided that if the Follow-On Closing is not completed solely as the result of a material failure by ACM to perform its material obligations under the Corollary Agreement, then ACM shall have no such demand right and instead Ninebell shall have the right, but not the obligation, to require ACM to resell the Shares to Ninebell for an aggregate price of US$1,200,000 . In order to exercise its rights under this Section5.5, ACM or Ninebell (as the case may be) shall deliver written notice of such exercise to the other parties hereto in accordance with Section6.7, and the related repurchase and resale of the Shares shall occur on a mutually agreed date no later than seven days after delivery of such notice. The provisions of this Section5.5 shall terminate as of 5 p.m., Pacific daylight saving time, on June30, 2017.

Named Entities:
23
24
Title
60
66
Principal

Tokenized Text:
5
.
5
Repurchase
of
Shares
.
In
the
event
the
Closing
is
completed
but
the
Follow-On
Closing
(
as
defined
in
the
Corollary
Agreement
)
is
not
completed
,
ACM
shall
have
the
right
,
but
not
the
obligation
,
to
demand
that
Ninebell
and
/
or
Shareholder
to
purchase
the
Shares
from
ACM
for
an
aggregate
price
of
US
$
1
,
200
,
000
,
provided
that
if
the
Follow-On
Closing
is
not
completed
solely
as
the
result
of
a
material
failure
by
ACM
to
perform
its
material
obligations
under
the
Corollary
Agreement
,
then
ACM
shall
have
no
such
demand
right
and
instead
Ninebell
shall
have
the
right
,
but
not
the
obligation
,
to
require
ACM
to
resell
the
Shares
to
Ninebell
for
an
aggregate
price
of
US
$
1
,
200
,
000
.
In
order
to
exercise
its
rights
under
this
Section5
.
5
,
ACM
or
Ninebell
(
as
the
case
may
be
)
shall
deliver
written
notice
of
such
exercise
to
the
other
parties
hereto
in
accordance
with
Section6
.
7
,
and
the
related
repurchase
and
resale
of
the
Shares
shall
occur
on
a
mutually
agreed
date
no
later
than
seven
days
after
delivery
of
such
notice
.
The
provisions
of
this
Section5
.
5
shall
terminate
as
of
5
p
.
m
.
,
Pacific
daylight
saving
time
,
on
June30
,
2017
.