000] Shares1 MagneGas Corporation PURCHASE AGREEMENTPurchase Agreement • June 19th, 2012 • Magnegas Corp • Special industry machinery, nec • New York
MagneGas Corporation, a Delaware corporation (the “Company”), proposes to sell to the several Underwriters named in Schedule III attached hereto (“you” or the “Underwriters”) an aggregate of [______] shares of Common Stock, $0.001 par value per share (the “Common Stock”), of the Company, and the stockholders of the Company named in Schedule II hereto (the “Selling Stockholders”) propose to sell to the several Underwriters an aggregate of [____]shares of Common Stock (collectively, the aggregate firm shares to be sold by the Company and the Selling Stockholders, the “Firm Shares”). The Company has also granted to the Underwriters an option to purchase up to [____] additional authorized but unissued shares of Common Stock (the “Option Shares”), in each case on the terms and for the purposes set forth in Section 3 hereof. The Firm Shares and any Option Shares purchased pursuant to this Purchase Agreement are herein collectively called the “Securities.”
