Please understand I’m not trying to be complicat

Please understand I’m not trying to be complicated, but only to gain a better understanding. I manage contracts for a construction company for a living. Some worth millions. Granted that’s not the same as the stock market so take it for what it’s worth. This explanation comes off very vague. Section 3(d), to me, still locks it in to 8c/share. They put a value on a legal document. You can’t just fill in the box to have a value in it. If it said ‘market value dependent on time of sale’ or something like that I would get it, but not as written.