Purchase of Note Sample Clauses


Purchase of Note. On the Closing Date (as defined below), the Company shall issue and sell to the Buyer and the Buyer agrees to purchase from the Company such principal amount of Note as is set forth immediately below the Buyer's name on the signature pages hereto.


Purchase of Note. On the Closing Date (as defined below), the Company shall issue and sell to the Purchaser, and the Purchaser agrees to purchase from the Company, the Note for an aggregate purchase price of $95,004.00 (Purchase Price).

Purchase of Note. On the Closing Date (as defined below), the Company shall issue and sell to the Buyer and the Buyer agrees to purchase from the Company such principal amount of Note as is set forth immediately below the Buyer's name on the signature pages hereto. BSC_____ Company Initials

Purchase of Note. On the Closing Date (as defined below), the Company shall issue and sell to the Purchaser, and the Purchaser agrees to purchase from the Company, the Note for an aggregate purchase price of $117,500.00 ("Purchase Price").

Purchase of Note. On the first business day following the satisfaction of all of the conditions precedent set forth below (the "Closing Date"), the Company shall sell, and the Investor shall purchase, a Note in the principal amount of $500,000 on the terms and conditions and in reliance on the Company's representations and warranties, all as set forth herein. The Note shall be in the form attached hereto as Exhibit A.

Purchase of Note. On the Closing Date (as defined below), the Company shall issue and sell to the Buyer and the Buyer agrees to purchase from the Company such principal amount of Note as is set forth immediately below the Buyer's name on the signature pages hereto, subject to the express terms of the Note. In connection with the issuance of the Note, the Company shall issue certain shares of its Common Stock (collectively the "Commitment Shares") to the Buyer as follows: (i) 175,276 shares of its Common Stock (the "First Shares") in connection with Buyer's funding of the First Tranche (as defined herein), (ii) 14,368 shares of its Common Stock (the "Second Shares") in connection with Buyer's funding of the Second Tranche (as defined in the Note), (iii) 14,368 shares of its Common Stock (the "Third Shares") in connection with Buyer's funding of the Third Tranche (as defined in the Note, (iv) 14,368 shares of its Common Stock (the "Fourth Shares") in connection with the Buyer's funding of the Fourth Tranche (as defined in the Note), and (v) 1,437 shares per each $10,000.00 funded by Buyer in connection with each Additional Tranche (as defined in the Note), provided, further, that First Shares, Second Shares, Third Shares, and Fourth shall be issued on the Closing Date pursuant to the Note.

Purchase of Note. On the Closing Date (as defined below), the Company shall issue and sell to the Buyer and the Buyer agrees to purchase from the Company such principal amount of Note as is set forth immediately below the Buyer's name on the signature pages hereto, subject to the express terms of the Note. In connection with the issuance of the Note, the Company shall issue to Buyer as a commitment fee, a warrant to purchase 980,000 shares of its common stock (the "Warrant"). In addition, as a further inducement for the Buyer to enter into this Agreement, the Company shall issue to Buyer as a commitment fee, 416,666 shares of the Company's common stock (the "Commitment Shares") and 1,500,000 shares of the Company's common stock (the "Redeemable Shares"). If the Company prepays the Note on or prior to the Maturity Date (as defined in the Note), all of the Redeemable Shares shall be returned to the treasury shares of the Company, without any payment by the Company for the Redeemable Shares. Further, if the Company prepays a portion of the Note, but not the entire Note, on or before the Maturity Date, a pro rata portion of the Redeemable Shares shall be returned to the Company's treasury in proportion to the prepayment amount as it relates to the entire Note balance.


Purchase of Note. On the Closing Date (as defined below), the Company shall issue and sell to the Buyer and the Buyer agrees to purchase from the Company such principal amount of Note as is set forth immediately below the Buyer's name on the signature pages hereto. _________ Company Initials

Purchase of Note. Company shall issue and sell to Investor and Investor agrees to purchase from Company the Note. In consideration thereof, Investor shall pay the Purchase Price (as defined below) to Company.

Purchase of Note. On the Closing Date (as defined below), the Company shall issue and sell to the Buyer and the Buyer agrees to purchase from the Company such principal amount of Note as is set forth immediately below the Buyer's name on the signature pages hereto, subject to the express terms of the Note. At the time of Holder's funding of each tranche under the Note, the Company shall issue to Buyer as a commitment fee, a warrant to purchase an amount of shares of its common stock equal to the face value of each respective tranche divided by $1.25 (for illustrative purposes, the first tranche face value is equal to $40,000.00, which resulted in the issuance of a warrant to purchase 32,000 shares of the Company's common stock) (all warrants issuable hereunder, including now and in the future, shall be referred to, in the aggregate, as the "Warrant").