Common use of Purchase of Stock Clause in Contracts

Purchase of Stock. At the closing of this Agreement (the ------------------- "Closing"), upon the basis of the covenants, warranties and representations of the Purchaser set forth in this Agreement, the Seller will sell, transfer, assign, and deliver to the Purchaser 19,000,000 shares of the Series A Preferred Stock, 10,000,000 shares of the Series B Preferred Stock and 10,000,000 shares of the Series C Preferred Stock, free and clear of all liens and encumbrances, except as otherwise may be permitted hereunder.

Purchase of Stock. At the closing of this Agreement (the ------------------- "Closing"), upon the basis of the covenants, warranties and representations of the Purchaser set forth in this Agreement, the Seller Shareholder will sell, transfer, assign, and deliver to the Purchaser 19,000,000 Buyer 480,000 shares of the Series Preferred A Preferred Stock, 10,000,000 shares of the Series B Preferred Stock and 10,000,000 shares of the Series C Preferred Stock, free and clear of all liens and encumbrances, except as otherwise may be permitted hereunder.

Purchase of Stock. At the closing of this Agreement (the ------------------- "Closing"), upon the basis of the covenants, warranties and representations of the Purchaser set forth in this Agreement, the Seller will sell, transfer, assign, and deliver to the Purchaser 19,000,000 2,500,000 shares of the Series A Preferred Stock, 10,000,000 shares of the Series B Preferred Stock and 10,000,000 3,000,000 shares of the Series C Preferred Stock, free and clear of all liens liens, pledges, rights of third parties and any other encumbrances, except as otherwise may be permitted hereunder.