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

Purchase and Sale of Preferred Stock. Upon the following terms and conditions, the Company shall issue and sell to the Investor shares of the Company's 6% Convertible Preferred Stock (the "Shares") having the rights, designations and preferences set forth in Schedule I hereto, and the Investor shall purchase from the Company the number of Shares designated on the signature page hereof.

Purchase and Sale of Preferred Stock. Upon the following terms and conditions, the Company shall issue and sell to the Investor, and the Investor shall purchase from the Company, 60,000 shares of the Company's 65% Convertible Preferred Stock (the "Shares" or the "Convertible Preferred") having the rights, designations and preferences set forth in Schedule I hereto, and the Investor shall purchase from the Company the number of Shares designated on the signature page hereof.

Purchase and Sale of Preferred Stock. Upon the following ------------------------------------ terms and conditions, the Company shall issue and sell to the Investor, and the Investor shall purchase from the Company, shares of the Company's 6% Adjustable Convertible Preferred Stock designated Series B Preferred Stock (the "Shares") having the rights, designations and preferences set forth in Schedule I hereto, and the Investor shall purchase from the Company the . The number of Shares designated to be purchased by Investor is set forth on the signature page hereof.

Purchase and Sale of Preferred Stock. Upon the following terms and conditions, the Company shall issue and sell to the Investor shares of the Company's 6% Convertible Preferred Stock (the "Shares") having the rights, designations and preferences set forth in Schedule I hereto, and the Investor shall purchase from the Company the number of Shares designated on the signature page hereof.. SECTION I.2