Section 1.01 Issuance, Sale and Delivery of the Series A Shares at the Closing . At the Closing (as defined in Section 1.02 hereof), on the terms and subject to the conditions of this Agreement, the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, the Series A Shares, at a price of $0.683015632 per share (the “ Share Purchase Price ”) for an aggregate purchase price of $3,000,000 (the “ Total Purchase Price ”), which the Company and the Purchaser agree to be the fair market value of the Series A Shares as of the date hereof.
Section 1.02 Closing . The Closing shall take place at 10:00 a.m. (local time) at the offices of Jenkens & Gilchrist, P.C., 1445 Ross Avenue, Suite 3700, Dallas, Texas 75202, on February 22, 2006, or at such other location, date and time as may be agreed upon between the Company and the Purchaser (such closing being called the “ Closing ” and such date and time being called the “ Closing Date ”). At the Closing, the Company shall issue and deliver to the Purchaser a duly issued certificate representing the 4,392,286 Series A Shares. As payment in full for the Series A Shares, on the Closing Date, the Purchaser shall (i) pay $230,000, by wire transfer or check, to the Company, which amount shall be applied as required by Section 5.14 , and (ii) deposit $2,770,000, by wire transfer or check, in the escrow account established pursuant to the Escrow Agreement (as defined herein).
My math may be off but doesn't this suggest Cuban is paying .68 for post R/S shares or .068 per share pre R/S??