Purchase and Sale of Units. The Purchaser hereby subscribes for and purchases from the Company, and the Company hereby issues and sells to the Purchaser, 20,000 units (the “Initial Units”) at a purchase price of approximately $.004348 per Initial Unit for an aggregate purchase price of $86.84. Each Initial Unit consists of one share of Common Stock and one warrant (an “Initial Warrant”) to purchase one additional share of Common Stock for $7.00 in accordance with the terms of the Warrant Agreement to be entered into by and between the Company and Continental Stock Transfer & Trust Company, as warrant agent, which shall be substantially in the form attached hereto as Exhibit A (the “Warrant Agreement”). The Initial Units, together with the underlying Common Stock and the Initial Warrants, are referred to herein as the “Securities.”
Purchase and Sale of Units. Upon the following terms and conditions, the Company is offering to each Purchaser the number of Units set forth opposite such Purchaser’s name as Exhibit A hereto consisting of (i) nine (9) Preferred Shares, initially convertible into nine (9) shares of Common Stock (subject to adjustment); (ii) one (1) Common Share; (iii) two (2) Series A Warrants; and (iv) two (2) Series B Warrants. The designation, rights, preferences and other terms and provisions of the Preferred Shares are set forth in the Series A Certificate of Designation, substantially in the form attached hereto as Exhibit C (the “Series A Certificate of Designation”).
Purchase and Sale of Units. 2.1 Subject to the terms and conditions of this Agreement, the Subscriber hereby subscribes for and agrees to purchase from the Company such number of Units as is set forth upon the signature page hereof at a price equal to $0.55 US per Unit. Upon execution, the subscription by the Subscriber will be irrevocable.
Purchase and Sale of Units. Following Member’s death, Heritage will purchase and Member will sell to Heritage, at a closing as provided for in Section 4 below, (a) all of the Common Units owned by Member and then outstanding for a purchase price equal to the product of (i) the “Common Unit Purchase Price” determined in the manner provided in Exhibit A attached hereto and made a part hereof, as applicable, depending upon the date of Member’s death times (ii) the number of Common Units owned by Member, and (b) all of the Preferred Units owned by Member and then outstanding for a purchase price equal to the “Preferred Unit Purchase Price” determined in the manner provided in said Exhibit A (said purchase prices hereinafter collectively referred to as “Purchase Price”), provided that if the Purchase Price is less than the aggregate original price paid for all of these Common and Preferred Units by Member as shown in Exhibit C attached hereto and made a part hereof (collectively, “Original Price”), then the portion of the Purchase Price of each class of Units will be adjusted pro rata so that the Purchase Price is equal to the Original Price; and provided further that the Preferred Unit Purchase Price shall be reduced by the amount of any distributions to the Member for said Units pursuant to the Operating Agreement of the Company.”
Purchase and Sale of Units. 2.1 The Issuer is offering up to 7,500,000 Units at $0.80 per Unit. The offering price of the Units was determined by the Issuer and the Agent with regard to the pricing policies of the Exchange. The closing of the Private Placement is subject to the acceptance of the Exchange.
Purchase and Sale of Units. Subject to the terms and conditions of this Agreement, the Company will issue and sell to each Purchaser, and each Purchaser will purchase from the Company, one-half of the number of Units set forth opposite such Purchaser’s name on the schedule of Purchasers set forth in Exhibit A attached hereto. The maximum number of Units issuable hereunder is 471,738 (comprising 1,886,952 Shares and Warrants for 471,738 Warrant Shares). The obligations of the Purchasers hereunder are several and not joint.
Purchase and Sale of Units. 2.1 Subject to the terms and conditions in this Agreement, the Corporation hereby agrees to sell to the Underwriters and the Underwriters hereby agree, severally in respect of the percentages set out in Section 2.2, and not jointly or jointly and severally, to purchase from the Corporation, at the Closing Time, all, but not less than all, of the Treasury Units at the Purchase Price per Treasury Unit. Each purchaser who is resident in a Qualifying Jurisdiction shall purchase the Treasury Units pursuant to the Final Prospectus.
Purchase and Sale of Units. 2.1 The Issuer is offering up to up to 4,000,000 Units at $1.25 per Unit, provided that the Issuer may offer and sell up to an additional 800,000 Units to raise additional gross proceeds of up to $1,000,000. The offering price of the Units was determined by the Issuer with regard to the pricing policies of the Exchanges. Each Unit will consist of one Share and one-half of one non-transferable Warrant.