Sale and Issuance of Series A Preferred Sample Clauses
Sale and Issuance of Series A Preferred. The Company shall sell to the Investors and the Investors shall purchase, severally and not jointly, from the Company, at the price per share set forth in Section 1.2 below (the "Purchase Price"), that number of shares of Series A Preferred designated in column 2 opposite the Investor's name on the Schedule of Investors (the "Shares").
Sale and Issuance of Series A Preferred. Subject to the terms and conditions hereof, the Company will severally issue and sell to the Purchaser and the Purchaser will severally buy from the Company up to 80,000,000 Shares at a per share purchase price of $0.625 (the "Per Share Price"), and at the aggregate purchase price of up to $50,000,000. SECTION 2