Purchase of Note and Warrant. 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 the Note and the Warrant, subject to the express terms of the Note, the Warrant, and this Agreement as the case may be.
Purchase of Note and Warrant. Subject to the satisfaction (or waiver) of the conditions set forth in Sections 5 and 6 below, the Company shall issue and sell to the Purchaser and the Purchaser agrees to purchase from the Company the Note and the Warrant. The purchase price (the "Purchase Price") of the Note and the Warrant at the closing (the "Closing") shall be equal to $1.00 for each $1.00 of principal amount of the Note purchased (representing an aggregate Purchase Price of $2,000,000).
Purchase of Note and Warrant. On the Closing Date (as defined below), the Buyer shall pay the purchase price of $77,000.00 (the “Purchase Price”) for the first tranche of $78,000.00 under the Note (the “First Tranche”), by wire transfer of immediately available funds, in accordance with the Company’s written wiring instructions, against delivery of the Note and First Warrant (as defined in this Agreement), and (i) the Company shall deliver such duly executed Note and First Warrant on behalf of the Company, to the Buyer. If the Buyer decides to pay, in their sole discretion, additional amounts (additional tranches) under the Note, as further described in the Note, then such additional amounts shall be paid in accordance with the Company’s written wiring instructions as well. At the time of the Buyer’s funding of each tranche under the Note, the Company shall issue to Buyer as a commitment fee, a common stock purchase warrant to purchase an amount of shares of its common stock equal to 150% of the face value of each respective tranche divided by $1.80 (for illustrative purposes, the First Tranche face value is equal to $78,000.00, which resulted in the issuance of a common stock purchase warrant to purchase 65,000 shares of the Company’s common stock (the “First Warrant”)) pursuant to the terms provided therein (the First Warrant and all additional common stock purchase warrants issuable hereunder, including now and in the future, shall be referred to, in the aggregate, as the “Warrant”) (all warrants issuable hereunder shall be in the same form as the First Warrant issued in connection with the First Tranche).
Purchase of Note and Warrant. Subject to the satisfaction (or waiver) of the conditions set forth in Article 6 and Article 7 below, the Company shall issue and sell to Buyer, and Buyer agrees to purchase from the Company, the Note and the Warrant at the Closing (the "Closing"). The aggregate purchase price (the "Purchase Price") for the Note and the Warrant at the Closing shall be $7,000,000 payable in the manner agreed upon by the parties.
Purchase of Note and Warrant. 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, the Note, as further provided herein. As used in this Agreement, the term “business day” shall mean any day other than a Saturday, Sunday, or a day on which commercial banks in the city of New York, New York are authorized or required by law or executive order to remain closed. On the Closing Date, the Company shall also issue a Warrant to the Buyer pursuant to the terms contained herein.
Purchase of Note and Warrant. 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 $112,250.00 (“Purchase Price”). Further, Company shall issue to Buyer as a commitment fee, a common stock purchase warrant for the purchase of 50,000 shares of the Company’s common stock (the “Warrant”) pursuant to the terms in the Warrant. The shares of the Company’s common stock into which the Note is convertible into and the Warrant is exercisable into shall collectively be referred to herein as the “Conversion Shares”.
Purchase of Note and Warrant. 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 and Warrant as is set forth immediately below the Buyer’s name on the signature pages hereto.
Purchase of Note and Warrant. Subject to the satisfaction (or waiver) of the terms and conditions of this Agreement and the other documents delivered in connection herewith (the “Transaction Agreements”), the undersigned Holder agrees to purchase at the Closing and the Company agrees to sell and issue the Holder at the Closing, an original issue discount note with respect to which the Company is obligated to pay Nine Hundred and Fifty Thousand and 00/100 Dollars ($950,000.00) if paid on the first maturity date thereof and One Million and 00/100 Dollars ($1,000,000.00) if paid on the second maturity date thereof, in accordance with its terms, and the Warrants to acquire four million (4,000,000) Warrant Shares at an exercise price (as the same may be adjusted) of fifty cents ($0.50) per Warrant Share exercisable for three (3) years following the Closing. The Company’s obligation to pay the amounts due pursuant to the Note shall be secured by the pledge of Common Stock by one or more holders thereof pursuant to the terms of the Stock Pledge Agreement; and, in addition, any unpaid amounts owed following sale of all Pledged Shares (as defined in the Stock Pledge Agreement) may, at the option of the Holder, be converted into one or more Convertible Debentures with detachable Default Warrants.
Purchase of Note and Warrant. On the Closing Date, Subscriber will purchase the Note and Warrant as principal for its own account for investment only and not with a view toward, or for resale in connection with, the public sale or any distribution thereof.
Purchase of Note and Warrant. 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 and the Warrant for an aggregate purchase price of $68,250.00 (“Purchase Price”).
