While this refers specifically to after the JV is finalized, I think that its intent is that they can always go up to the 19.9%

An equity participation agreement whereby CRRC shall have the right to participate in any future equity financings undertaken by Crystallex to maintain its pro rata interest inCrystallex, such interest to be calculated after giving effect to the conversion of the NoteFacility, to a maximum of 19.9% of the outstanding common shares of Crystallex afterclosing of such financing.

never pay retail