Thursday, May 09, 2024 8:20:31 AM
FORM OF PUT NOTICE
TO: SOUTHRIDGE PARTNERS II LP
We refer to the Equity Purchase Agreement dated _______________, 2016 (the “Agreement”) entered into by CARDAX, INC. (the “Company”) and you. Capitalized terms defined in the Agreement shall, unless otherwise defined, have the same meaning when used herein.
We hereby:
1. Give you notice that we require you to purchase $_________ (the “Investment Amount”) in Put Shares;
2. Determine the Floor Price for this Put, as defined in the Agreement, to be $___________; and
3. Certify that, as of the date hereof, to the best of our knowledge, the conditions set forth in Section 7.2 of the Agreement are satisfied.
Date: _____________, 20__
CARDAX, INC.
By:
Name: David G. Watumull
Title: Chief Executive Officer
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