Purchase and Sale of Series B Preferred Stock. Section 1.1 Purchase and Sale of Series B Preferred Stock. Upon the following terms and conditions, the Company shall issue and sell to each Investor, and each Investor shall purchase from the Company, the number of shares set forth opposite the name of such Investor under the heading "Number of Shares to be Purchased" on Schedule 1 of the Company's Series B 5% PIK Cumulative Convertible Preferred Stock (collectively, the "Shares") having the rights, designations and preferences set forth in Schedule 2 hereto.
Purchase and Sale of Series B Preferred Stock. Subject to the terms and conditions hereof and in reliance upon the representations, warranties and agreements contained herein, the Company agrees to issue and sell to the Purchasers, and each of the Purchasers agrees to purchase from the Company, the number of Series B Shares set forth opposite such Purchaser's name on Schedule 1 attached hereto, at a cash purchase price of $1.00 per share.
Purchase and Sale of Series B Preferred Stock. On the Effective Date, the Company shall issue and sell to Purchaser, and Purchaser shall purchase from the Company, 500 shares of Series B Preferred Stock for an aggregate cash purchase price of $500,000.
Purchase and Sale of Series B Preferred Stock. 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 Twenty (20) shares of the Company’s 4% Cumulative Perpetual Series B Preferred Stock (the “Series B Shares” or the “Securities”), par value $0.0001 per share and stated value of $100,000 per share, in the amounts set forth opposite such Purchaser’s name on Exhibit A hereto. The designation, rights, preferences and other terms and provisions of the Series B Preferred Stock are set forth in the Certificate of Designation of the Relative Rights and Preferences of the Series B Preferred Stock attached hereto as Exhibit B (the “Certificate of Designation”). 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.
Purchase and Sale of Series B Preferred Stock. 1.1 Sale and Issuance of Series B Preferred Stock. ----------------------------------------------
Purchase and Sale of Series B Preferred Stock. Section 1.1 Purchase and Sale of Series B Preferred Stock. Subject to the terms and conditions set forth herein (including, without limitation, the provisions of Article IV hereof), Cityscape hereby agrees to issue and sell to each of the Investors severally, and each of the Investors severally hereby agrees to purchase from Cityscape on the date hereof (the "Closing Date") such number of shares of Series B Preferred Stock as are indicated next to such Investor's name on the counterpart of the signature page executed by such Investor, and (ii) such number of related Warrants as are indicated next to such Investor's name on the counterpart of the signature page executed by such Investor against payment of the aggregate Purchase Price therefor, as provided in Section 1.2 hereof. Cityscape shall issue and sell to the Investors an aggregate of 5,000 shares of Preferred Stock.
Purchase and Sale of Series B Preferred Stock. 1.1 Sale and Issuance of Series B Preferred Stock.
Purchase and Sale of Series B Preferred Stock. Upon the following terms and conditions, the Company hereby agrees to issue and sell to the Purchasers, and each Purchaser, severally but not jointly, hereby agrees to purchase from the Company that number of shares of Series B Preferred Stock set forth opposite such Purchaser’s name on Exhibit A hereto (the “Preferred Shares”), for the purchase price (the “Purchase Price”) set forth opposite such Purchaser’s name on Exhibit A. Each share of Series B Preferred Stock shall have a stated price of $100 per share, shall be convertible into shares of Common Stock of the Company at an initial conversion price equal to eleven cents ($0.11) per share, and shall have the rights, preferences, privileges and restrictions set forth in the Certificate of Designation, Preferences and Rights of the Series B Convertible Preferred Stock (the “Certificate of Designation”), the form of which is attached hereto as Exhibit B. 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.
Purchase and Sale of Series B Preferred Stock. (a) Subject to the terms and conditions of this Agreement, on the closing of the Business Combination, A.G.P. agrees to purchase from the Company, and the Company agrees to sell and issue to each of A.G.P., 4,370 Shares at $1,000 per Share. To facilitate the issuance of shares in accordance with the provisions of this Agreement, the Company may round the number of Shares allocated to A.G.P. up to the nearest whole number. The Company acknowledges that the Deferred Amount shall be the only amounts that will be payable in full satisfaction of the purchase price for the Shares.
Purchase and Sale of Series B Preferred Stock. (a) Upon execution of this Agreement, Director shall purchase, and X’Xxxxxxxx shall sell, 8,100 shares of Series B preferred stock at a price of $.01 per share. X’Xxxxxxxx shall deliver to Director the certificate representing such shares of Series B preferred stock, and Director shall pay to X’Xxxxxxxx an amount equal to $81.00 by check to X’Xxxxxxxx.
