Common use of Purchase and Sale of Preferred Stock and Warrants Clause in Contracts

Purchase and Sale of Preferred Stock and Warrants. Upon the following terms and conditions, the Company shall issue and sell to the Purchasers, and the Purchasers shall purchase from the Company, 1,000,000 shares of Preferred Stock (the "Shares") at a price per share of $2.00 for an aggregate purchase price of $2,000,000 (the "Purchase Price"), and warrants to purchase shares of Common Stock, in substantially the form attached hereto as Exhibit B (the "Warrants"). The Company and the Purchasers are executing and delivering this Agreement in accordance with and in reliance upon the exemption from securities registration afforded by Section 4(2) of the U.S. Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder (the "Securities Act"), including Regulation D ("Regulation D"), and/or upon such other exemption from the registration requirements of the Securities Act as may be available with respect to any or all of the investments to be made hereunder. The Preferred Stock shall have such powers, preferences and rights, and the qualifications, limitations or restrictions thereof, as set forth in the Certificate of Designation of Rights and Preferences of Series A Preferred Stock attached hereto as Exhibit D, subject to the applicable terms and conditions of this Agreement and the Registration Rights Agreement (as defined below).

Purchase and Sale of Preferred Stock and Warrants. Upon the following terms and conditions, the Company shall issue and sell to the Purchasers, and the Purchasers shall purchase from the Company, up to 1,000,000 shares of Preferred Stock (the "“Shares"”) at a price per share of $2.00 5.00 for an aggregate purchase price of $2,000,000 5,000,000 (the "“Purchase Price"”), and warrants to purchase shares of Common Stock, in substantially the form attached hereto as Exhibit B (the "“Warrants"”). The Company and the Purchasers are executing and delivering this Agreement in accordance with and in reliance upon the exemption from securities registration afforded by Section 4(2) of the U.S. Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder (the "“Securities Act"”), including Regulation D ("“Regulation D"”), and/or upon such other exemption from the registration requirements of the Securities Act as may be available with respect to any or all of the investments to be made hereunder. The Preferred Stock shall have such powers, preferences and rights, and the qualifications, limitations or restrictions thereof, as set forth in the Certificate of Designation Designations of Rights and Preferences of Series A Preferred Stock attached hereto as Exhibit D, subject to the applicable terms and conditions of this Agreement and the Registration Rights Agreement (as defined below).

Purchase and Sale of Preferred Stock and Warrants. Upon the following terms and conditions, the Company shall issue and sell to the Purchasers, and the Purchasers shall purchase from the Company, 1,000,000 2,758,621 shares of Preferred Stock (the "Shares") at a price per share of $2.00 1.45 for an aggregate purchase price of $2,000,000 4,000,000 (the "Purchase Price"), and warrants to purchase shares of Common Stock, in substantially the form attached hereto as Exhibit B (the "Warrants"). The Company and the Purchasers are executing and delivering this Agreement in accordance with and in reliance upon the exemption from securities registration afforded by Section 4(2) of the U.S. Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder (the "Securities Act"), including Regulation D ("Regulation D"), and/or upon such other exemption from the registration requirements of the Securities Act as may be available with respect to any or all of the investments to be made hereunder. The Preferred Stock shall have such powers, preferences and rights, and the qualifications, limitations or restrictions thereof, as set forth in the Certificate of Designation Designations of Rights and Preferences of Series A Preferred Stock attached hereto as Exhibit D, subject to the applicable terms and conditions of this Agreement and the Registration Rights Agreement (as defined below).

Purchase and Sale of Preferred Stock and Warrants. Upon the following terms and conditions, the Company shall issue and sell to the Purchasers, and the Purchasers shall purchase from the Company, 1,000,000 860,000 shares of Preferred Stock (the "Shares") at a price per share of $2.00 2.25 for an aggregate purchase price of $2,000,000 1,935,000 (the "Purchase Price"), and warrants to purchase shares of Common Stock, in substantially the form attached hereto as Exhibit B (the "Warrants"). The Company and the Purchasers are executing and delivering this Agreement in accordance with and in reliance upon the exemption from securities registration afforded by Section 4(2) of the U.S. Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder (the "Securities Act"), including Regulation D ("Regulation D"), and/or upon such other exemption from the registration requirements of the Securities Act as may be available with respect to any or all of the investments to be made hereunder. The Preferred Stock shall have such powers, preferences and rights, and the qualifications, limitations or restrictions thereof, as set forth in the Certificate of Designation of Rights and Preferences of Series A Preferred Stock attached hereto as Exhibit D, subject to the applicable terms and conditions of this Agreement and the Registration Rights Agreement (as defined below).