Common use of Purchase of Preferred Shares Clause in Contracts

Purchase of Preferred Shares. The Company shall issue and sell to ---------------------------- the Buyer and the Buyer shall purchase the number of Preferred Shares set forth below the Buyer's signature, which shall be convertible into Conversion Shares in accordance with the terms of the Certificate of Designations, Preferences and Rights of 5% Cumulative Convertible Preferred Stock, Series 2 in the form attached hereto as Exhibit A (the "Certificate of Designation"). The per share purchase price (the "Purchase Price") of the Preferred Shares shall be $1,000. The Preferred Shares shall be allocated among the entities constituting the Buyer as specified on their respective counterpart signature pages and shall be sold at a closing as hereinafter provided and as set forth in the signature pages.

Purchase of Preferred Shares. The Company shall issue and sell ---------------------------- to ---------------------------- the Buyer and the Buyer shall purchase the number an aggregate of 25,000 Preferred Shares set forth below the Buyer's signatureShares, which shall be convertible into Conversion Shares in accordance with the terms of the Certificate of Designations, Preferences and Rights of 5% Cumulative Convertible Preferred Stock, Series 2 in the form attached hereto as Exhibit A (the "Certificate of Designation"). The per share purchase price (the "Purchase Price") of the Preferred Shares shall be $1,000. The Preferred Shares shall be allocated among the entities constituting the Buyer as specified on their respective counterpart signature pages and shall be sold at a closing as hereinafter provided and as set forth in the signature pages.

Purchase of Preferred Shares. The Company shall issue and ---------------------------- sell to ---------------------------- the Buyer and the Buyer shall purchase the number an aggregate of 25,000 Preferred Shares set forth below the Buyer's signatureShares, which shall be convertible into Conversion Shares in accordance with the terms of the Certificate of Designations, Preferences and Rights of 5% Cumulative Convertible Preferred Stock, Series 2 in the form attached hereto as Exhibit A (the "Certificate of Designation"). The per share purchase price (the "Purchase Price") of the Preferred Shares shall be $1,000. The Preferred Shares shall be allocated among the entities constituting the Buyer as specified on their respective counterpart signature pages and shall be sold at a closing as hereinafter provided and as set forth in the signature pages.