"He can also only access $200,000 twice per month..... So the total money available is $400,000 from Calm Seas with this deal, ending on June 5 2017"
i read it as one "or more" additional puts if csc agrees...which can mean any amount..
"Notwithstanding the aggregate $200,000 ceiling for monthly puts under the Letter Agreement, if both we and Calm Seas agree, we may submit one or more additional puts during any given month to the extent we need additional capital for our operations and/or our product development"