Note and Note Issuance Clause Samples

Note and Note Issuance. On the Initial Closing Date, the Company shall execute and deliver to Kennilworth the Note, which shall be substantially in the form of that certain Senior Subordinated Convertible Note attached hereto as Exhibit B. The aggregate principal amount of the Note Purchase Price shall be paid to the Company on the Initial Closing Date in U.S. dollars by wire transfer of immediately available funds to an account designated in writing by the Company.