Security; Unit Offering Sample Clauses


Security; Unit Offering. The obligations of the Company hereunder shall be unsecured obligations of the Company. This Note is part of a Unit issue (the "Offering") conducted by the Company pursuant to the Private Placement Memorandum dated May 4, 2007 (including all exhibits and appendices thereto, the "Offering Documents") pursuant to which the Company may issue up to $2,500,000 in principal amount of Notes; provided that the Placement Agent shall have the option to offer and sell an additional $1,000,000 in principal amount of Notes.