Common use of Sale and Purchase of Common Stock Clause in Contracts

Sale and Purchase of Common Stock. Subject to the terms and conditions of this Agreement and the Note (as defined below), (i) the Company hereby sells to the Purchaser two million (2,000,000) shares of Common Stock (the "Shares") at a purchase price of $0.50 per Share, for a total purchase price of $1,000,000.00 (the "Purchase Price"), and (ii) the Purchaser hereby purchases such Shares from the Company for such Purchase Price. The Purchaser shall pay the Purchase Price by issuing to the Company, concurrently with the execution and delivery of this Agreement, a promissory note substantially in the form attached as Exhibit A hereto (the "Note"), and the Purchaser's sole liability to make payments to the Company under this Agreement shall be satisfied by its liability under the Note. The Shares are duly authorized, validly issued, fully paid and nonassessable, but the Shares are subject to the terms and conditions of this Agreement. The Company issues concurrently herewith a duly executed certificate evidencing the Shares purchased hereunder, with the legends provided herein, in exchange for the delivery by the Purchaser of the duly executed Note.

Sale and Purchase of Common Stock. Subject to the terms and conditions of this Agreement and the Note (as defined below), (i) the Company hereby sells to the Purchaser two million Executive One Million Four Hundred Thousand (2,000,0001,400,000) shares of Common Stock (the "Shares") at a purchase price of $0.50 0.55 per Share, for a total purchase price of $1,000,000.00 share (the "Purchase Price"), and (ii) and the Purchaser Executive hereby purchases such Shares from the Company for such Purchase Price. The Purchaser Executive shall pay the Purchase Price by issuing to the Company, concurrently with the execution and delivery of this Agreement, a promissory note substantially in the form attached as Exhibit A hereto (the "Note"), and the PurchaserExecutive's sole liability to make payments to the Company under this Agreement shall be satisfied by its his liability under the Note. The Shares are duly authorized, validly issued, fully paid and nonassessable, but the Shares are subject to the terms and conditions of this Agreement. The Company issues concurrently herewith a duly executed certificate evidencing the Shares purchased hereunder, with the legends provided for herein, in exchange for the delivery by the Purchaser Executive of the duly executed Note.

Sale and Purchase of Common Stock. Subject to the terms and conditions of this Agreement and the Note (as defined below), (i) the Company hereby sells to the Purchaser two million Executive One Million Four Hundred Thousand (2,000,0001,400,000) shares of Common Stock (the "Shares") at a purchase price of $0.50 0.55 per Share, for a total purchase price of $1,000,000.00 share (the "Purchase Price"), and (ii) and the Purchaser Executive hereby purchases such Shares from the Company for such Purchase Price. The Purchaser Executive shall pay the Purchase Price by issuing to the Company, concurrently with the execution and delivery of this Agreement, a promissory note substantially in the form attached as Exhibit A hereto (the "Note"), and the PurchaserExecutive's sole liability to make payments to the Company under this Agreement shall be satisfied by its his liability under the Note. The Shares are duly authorized, validly issued, fully paid and nonassessable, but the Shares are subject to the terms and conditions of this Agreement. The Company issues concurrently herewith a duly executed certificate evidencing the Shares purchased hereunder, with the legends provided for herein, in exchange for the delivery by the Purchaser Executive of the duly executed Note.

Sale and Purchase of Common Stock. Subject to the terms and conditions of this Agreement and the Note (as defined below), (i) the Company hereby sells to the Purchaser two million Executive One Hundred Thousand (2,000,000100,000) shares of Common Stock (the "Shares") at a purchase price of $0.50 per Share, for a total purchase price of $1,000,000.00 (the "Purchase Price"), and (ii) and the Purchaser Executive hereby purchases such Shares from the Company for such Purchase Price. The Purchaser Executive shall pay the Purchase Price by issuing to the Company, concurrently with the execution and delivery of this Agreement, a promissory note substantially in the form attached as Exhibit A hereto (the "Note"), and the PurchaserExecutive's sole liability to make payments to the Company under this Agreement shall be satisfied by its his liability under the Note. The Shares are duly authorized, validly issued, fully paid and nonassessable, but the Shares are subject to the terms and conditions of this Agreement. The Company issues concurrently herewith a duly executed certificate evidencing the Shares purchased hereunder, with the legends provided for herein, in exchange for the delivery by the Purchaser Executive of the duly executed Note.