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Thursday, December 11, 2014 2:05:07 PM
the most interesting part imo:
"This PUT OPTION AGREEMENT (the “Agreement”) is entered into as of December 10, 2014 (the “Effective Date”) by and among BRIAN FERDINAND, an individual and resident of the State of New York (“Grantor”), the VON ALLMEN DYNASTY TRUST (“VADT”), and D&L PARTNERS, L.P. (“DNL” and together with VADT, the “Optionees”). Each of the Grantor, DNL and VADT are individually referred to herein as a “Party” and collectively, the “Parties.”
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows:
1. Put Right.
(a) Optionees, upon 15 business days’ advance notice (the “Redemption Notice”) to Grantor, shall have the right, but not the obligation, to cause Grantor to purchase on the Redemption Date (as defined below) any or all of, Five Hundred and Thirty-Five Thousand (535,000) shares of common stock $0.0001 par value per share (the “LIQD Shares”) of Liquid Holdings Group, Inc., a Delaware corporation (the “Company”) then held by the Optionees (the “Put Right”) for five dollars and fifty cents ($5.50) per LIQD Share (the “Redemption Price”). The Put Right may be exercised by the Optionees at any time during the period commencing on January 31, 2016 and ending on February 28, 2016 (the “Redemption Period”).
so they may force Ferdinand to buy 500k stock @$5.50. that's pretty far from here. either he believes in this stock or they set a lot of pressure on him to sign this kind of contract.
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