Bridge Financing. Nothwithstanding any of the other provisions of this Agreement, to provide some initial capital to the Company the Investor agrees to wire to the Company $250,000 by January 26, 2010 in return for which the Company shall issue 250,000 shares of Common Stock to the Investor at a price of $1.00 per share. The Company agrees to authorize the issuance of such shares of Common Stock within 24 hours of receipt of the $250,000 equity investment.
Appears in 3 contracts
Sources: Stock Purchase Agreement (Neah Power Systems, Inc.), Stock Purchase Agreement (Neah Power Systems, Inc.), Stock Purchase Agreement (Neah Power Systems, Inc.)