Common use of Purchase of Units Clause in Contracts

Purchase of Units. Purchaser hereby subscribes for and purchases from the Company, and the Company hereby issues and sells to Purchaser, 46,000 units (the “Units”) at a purchase price of $0.01 per Unit for an aggregate purchase price of $460. Each Unit consists of one share of the common stock of the Company, par value $0.001 per share (the “Common Stock”), and one warrant (a “Warrant” and, together with the Units and the Common Stock, the “Securities”) exercisable for one share of Common Stock. Each Warrant shall entitle the holder thereof to purchase one share of Common Stock at an exercise price of $7.50, in accordance with the terms of the Warrant substantially as set forth in the Form of Warrant Agreement attached hereto as Exhibit A (the “Warrant Agreement”) to be entered into by and between the Company and a warrant agent to be named by the Company and shall be subject to the terms of the Warrant Agreement upon execution thereof.

Purchase of Units. Purchaser hereby subscribes for and purchases from the Company, and the Company hereby issues and sells to Purchaser, 46,000 23,000 units (the “Units”) at a purchase price of $0.01 0.004348 per Unit for an aggregate purchase price of $460100.00. Each Unit consists of one share of the common stock of the Company, par value $0.001 0.0001 per share (the “Common Stock”), and one warrant (a “Warrant” and, together with the Units and the Common Stock, the “Securities”) exercisable for one share of Common Stock. Each Warrant shall entitle the holder thereof to purchase one share of Common Stock at an exercise price of $7.50, in accordance with the terms of the Warrant substantially as set forth in the Form of Warrant Agreement entered into by and between the Company and Continental Stock Transfer and Trust Company, as warrant agent. The Warrant Agreement shall be substantially in the form attached hereto as Exhibit A (the “Warrant Agreement”) to be entered into by and between the Company and a warrant agent to be named by the Company and shall be subject to the terms of the Warrant Agreement upon execution thereof).

Purchase of Units. Purchaser hereby subscribes for and purchases from the Company, and the Company hereby issues and sells to Purchaser, 46,000 125,000 units (the “Units”) at a purchase price of $0.01 0.004 per Unit for an aggregate purchase price of $460500. Each Unit consists of one share of the common stock of the Company, par value $0.001 per share (the “Common Stock”), and one warrant (a “Warrant” and, together with the Units and the Common Stock, the “Securities”) exercisable for one share of Common Stock. Each Warrant shall entitle the holder thereof to purchase one share of Common Stock at an exercise price of $7.506.00, in accordance with the terms of the Warrant substantially as set forth in the Form of Warrant Agreement entered into by and between the Company and American Stock Transfer & Trust Company, as warrant agent. The Warrant Agreement shall be substantially in the form attached hereto as Exhibit A (the “Warrant Agreement”) to be entered into by and between the Company and a warrant agent to be named by the Company and shall be subject to the terms of the Warrant Agreement upon execution thereof).

Purchase of Units. Purchaser hereby subscribes for and purchases from the Company, and the Company hereby issues and sells to Purchaser, 46,000 2,875,000 units (the “Units”) at a purchase price of $0.01 per Unit for an aggregate purchase price of $46028,750. Each Unit consists of one share of the common stock of the Company, par value $0.001 per share (the “Common Stock”), and one warrant (a “Warrant” and, together with the Units and the Common Stock, the “Securities”) exercisable for one share of Common Stock. Each Warrant shall entitle the holder thereof to purchase one share of Common Stock at an exercise price of $7.50, in accordance with the terms of the Warrant substantially as set forth in the Form of Warrant Agreement attached hereto as Exhibit A (the “Warrant Agreement”) to be entered into by and between the Company and a warrant agent to be named by the Company and shall be subject to the terms of the Warrant Agreement upon execution thereof.

Purchase of Units. Purchaser hereby subscribes for and purchases from the Company, and the Company hereby issues and sells to Purchaser, 46,000 10,884,750 units (the “Units”) at a purchase price of $0.01 per Unit for an aggregate purchase price of $460108,847.50. Each Unit consists of one share of the common stock of the Company, par value $0.001 per share (the “Common Stock”), and one warrant (a “Warrant” and, together with the Units and the Common Stock, the “Securities”) exercisable for one share of Common Stock. Each Warrant shall entitle the holder thereof to purchase one share of Common Stock at an exercise price of $7.50, in accordance with the terms of the Warrant substantially as set forth in the Form of Warrant Agreement attached hereto as Exhibit A (the “Warrant Agreement”) to be entered into by and between the Company and a warrant agent to be named by the Company and shall be subject to the terms of the Warrant Agreement upon execution thereof.

Purchase of Units. Purchaser hereby subscribes for and purchases from the Company, and the Company hereby issues and sells to Purchaser, 46,000 191,667 units (the “Units”) at a purchase price of $0.01 per Unit for an aggregate purchase price of $4601,916.67. Each Unit consists of one share of the common stock of the Company, par value $0.001 per share (the “Common Stock”), and one warrant (a “Warrant” and, together with the Units and the Common Stock, the “Securities”) exercisable for one share of Common Stock. Each Warrant shall entitle the holder thereof to purchase one share of Common Stock at an exercise price of $7.50, in accordance with the terms of the Warrant substantially as set forth in the Form of Warrant Agreement attached hereto as Exhibit A (the “Warrant Agreement”) to be entered into by and between the Company and a warrant agent to be named by the Company and shall be subject to the terms of the Warrant Agreement upon execution thereof.

Purchase of Units. Purchaser hereby subscribes for and purchases from the Company, and the Company hereby issues and sells to Purchaser, 46,000 239,583 units (the “Units”) at a purchase price of $0.01 per Unit for an aggregate purchase price of $4602,395.83. Each Unit consists of one share of the common stock of the Company, par value $0.001 per share (the “Common Stock”), and one warrant (a “Warrant” and, together with the Units and the Common Stock, the “Securities”) exercisable for one share of Common Stock. Each Warrant shall entitle the holder thereof to purchase one share of Common Stock at an exercise price of $7.50, in accordance with the terms of the Warrant substantially as set forth in the Form of Warrant Agreement attached hereto as Exhibit A (the “Warrant Agreement”) to be entered into by and between the Company and a warrant agent to be named by the Company and shall be subject to the terms of the Warrant Agreement upon execution thereof.

Purchase of Units. Purchaser hereby subscribes for and purchases from the Company, and the Company hereby issues and sells to Purchaser, 46,000 250,000 units (the “Units”) at a purchase price of $0.01 0.004 per Unit for an aggregate purchase price of $4601,000. Each Unit consists of one share of the common stock of the Company, par value $0.001 per share (the “Common Stock”), and one warrant (a “Warrant” and, together with the Units and the Common Stock, the “Securities”) exercisable for one share of Common Stock. Each Warrant shall entitle the holder thereof to purchase one share of Common Stock at an exercise price of $7.506.00, in accordance with the terms of the Warrant substantially as set forth in the Form of Warrant Agreement entered into by and between the Company and American Stock Transfer & Trust Company, as warrant agent. The Warrant Agreement shall be substantially in the form attached hereto as Exhibit A (the “Warrant Agreement”) to be entered into by and between the Company and a warrant agent to be named by the Company and shall be subject to the terms of the Warrant Agreement upon execution thereof).