Common use of PURCHASE AND SALE OF EMPLOYEE STOCK Clause in Contracts

PURCHASE AND SALE OF EMPLOYEE STOCK. (a) Upon execution of this Agreement, Employee will purchase, and the Company will sell, 50,000 shares of Common Stock at a price of $0.1055 per share. The Company will deliver to Employee the certificates representing such Employee Stock, and Employee will deliver to the Company a check or wire transfer of funds in the aggregate amount of $25.00 and a promissory note in the form of ANNEX A attached hereto in an aggregate principal amount of $5,250.00 (the "EMPLOYEE NOTE"). Employee's obligations under the Employee Note shall be secured by a pledge of all of the shares of Common Stock purchased hereunder to the Company and in connection therewith, Employee shall enter into a pledge agreement in the form of ANNEX B attached hereto.

PURCHASE AND SALE OF EMPLOYEE STOCK. (a) Upon execution of this Agreement, Employee will purchase, and the Company will sell, 50,000 30,000 shares of Common Stock at a price of $0.1055 per share. The Company will deliver to Employee the certificates representing such Employee Stock, and Employee will deliver to the Company a check or wire transfer of funds in the aggregate amount of $25.00 15.00 and a promissory note in the form of ANNEX A attached hereto in an aggregate principal amount of $5,250.00 3,150 (the "EMPLOYEE NOTE"). Employee's obligations under the Employee Note shall be secured by a pledge of all of the shares of Common Stock purchased hereunder to the Company and in connection therewith, Employee shall enter into a pledge agreement in the form of ANNEX B attached hereto.

PURCHASE AND SALE OF EMPLOYEE STOCK. (a) Upon execution of this Agreement, Employee will purchase, and the Company will sell, 50,000 6,000 shares of Common Stock at a price of $0.1055 per share. The Company will deliver to Employee the certificates representing such Employee Stock, and Employee will deliver to the Company a check or wire transfer of funds in the aggregate amount of $25.00 3.00 and a promissory note in the form of ANNEX A attached hereto in an aggregate principal amount of $5,250.00 630.00 (the "EMPLOYEE NOTE"). Employee's obligations under the Employee Note shall be secured by a pledge of all of the shares of Common Stock purchased hereunder to the Company and in connection therewith, Employee shall enter into a pledge agreement in the form of ANNEX B attached hereto.

PURCHASE AND SALE OF EMPLOYEE STOCK. (a) Upon execution of this Agreement, Employee will purchase, and the Company will sell, 50,000 40,000 shares of Common Stock at a price of $0.1055 per share. The Company will deliver to Employee the certificates representing such Employee Stock, and Employee will deliver to the Company a check or wire transfer of funds in the aggregate amount of $25.00 20.00 and a promissory note in the form of ANNEX A attached hereto in an aggregate principal amount of $5,250.00 4,200.00 (the "EMPLOYEE NOTE"). Employee's obligations under the Employee Note shall be secured by a pledge of all of the shares of Common Stock purchased hereunder to the Company and in connection therewith, Employee shall enter into a pledge agreement in the form of ANNEX B attached hereto.

PURCHASE AND SALE OF EMPLOYEE STOCK. (a) Upon execution of this Agreement, Employee will purchase, and the Company will sell, 50,000 30,000 shares of Common Stock at a price of $0.1055 per share. The Company will deliver to Employee the certificates representing such Employee Stock, and Employee will deliver to the Company a check or wire transfer of funds in the aggregate amount of $25.00 15.00 and a promissory note in the form of ANNEX A attached hereto in an aggregate principal amount of $5,250.00 3,150.00 (the "EMPLOYEE NOTE"). Employee's obligations under the Employee Note shall be secured by a pledge of all of the shares of Common Stock purchased hereunder to the Company and in connection therewith, Employee shall enter into a pledge agreement in the form of ANNEX B attached hereto.