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I need an option agreement developed between my LLC and a prospective purchaser of units.
SUMMARY OF BUSINESS:
Top Modelo, LLC is currently selling owner units through a private placement memorandum (PPM). There is expected to be two rounds of fund raising. The first round has owner units being sold for $1500 per unit. A price point has not been established for a second round but is expected to be around $3000 per unit.
Prior to the first PPM, the sole owner was Jeremiah Thompson who owns 120 shares. The first PPM is for 50 shares. The second PPM is expected to be for 30 shares bringing the total shares to 200.
SUMMARY OF OPTION:
Top Modelo seeks to enter into an option agreement with Hassan Wardani – an individual. In order to exercise all aspects of the option certain events must take place.
During the Top Modelo fund raising stages, Optionee reserves the right to purchase up to 30 units at a locked in price of $1500 per unit. All of these units must be purchased while ...
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