Common use of Securities Purchase Agreement Clause in Contracts

Securities Purchase Agreement. The Company and the Fund have today executed that certain Securities Purchase Agreement (the "Securities Purchase Agreement"), pursuant to which the Company has agreed, among other things, to issue up to One Million Two Hundred Eighty-five Thousand Dollars ($1,285,000.00) (U.S.) principal amount Convertible Note of the Company (the "Note") to the Fund or its successors, assigns or transferees (collectively, the "Holders"). The Note is convertible into an indeterminable number of shares (the "Note Conversion Shares") of the Company's common stock par value, $0.001 per share (the "Common Stock") pursuant to the terms of the Note. In addition, pursuant to the terms of the Securities Purchase Agreement and the transaction contemplated thereby, the Company has agreed to issue to the Fund Common Stock Purchase Warrants exercisable for shares of the Company's Common Stock equal to 300,000 Common Shares (the "Warrant Shares"). The number of Note Conversion Shares and Warrant Shares is subject to adjustment upon the occurrence of stock splits, recapitalizations and similar events occurring after the date hereof.

Securities Purchase Agreement. The Company and the Fund have today executed that certain Securities Purchase Agreement (the "“Securities Purchase Agreement"”), pursuant to which the Company has agreed, among other things, to issue (the “Offering”) up to One an aggregate of Two Million Two Five Hundred Eighty-five Thousand Dollars ($1,285,000.002,500,000) (U.S.) principal amount of Convertible Note Notes of the Company (the "Note"“Notes”) to the Fund or its successors, assigns or transferees (collectively, the "“Holders"”). The Note is Notes are convertible into an indeterminable number of shares (the "“Note Conversion Shares"”) of the Company's ’s common stock par value, $0.001 per share (the "“Common Stock"”) pursuant to the terms of the NoteNotes. In addition, pursuant to the terms of the Securities Purchase Agreement and the transaction transactions contemplated thereby, the Company has agreed to issue to the Fund Common Stock Purchase Warrants exercisable for 670,000 shares of the Company's ’s Common Stock equal to 300,000 Common Shares (the "“Warrant Shares"”). The number of Note Conversion Shares and Warrant Shares is subject to adjustment upon the occurrence of stock splits, recapitalizations and similar events occurring after the date hereof.

Securities Purchase Agreement. The Company and the Fund have has today executed that certain Securities Purchase Agreement (the "Securities Purchase Agreement"), pursuant to which the Company has agreed, among other things, to issue up to an aggregate of One Million Two Hundred Eighty-five Thousand Dollars ($1,285,000.001,000,000.00) (U.S.) principal amount of 7% Convertible Note Debentures of the Company (the "NoteDebentures") to the Fund or its successors, assigns or transferees (collectively, the "Holders"). The Note is Debentures are convertible into an indeterminable number of shares (the "Note Debenture Conversion Shares") of the Company's common stock stock, no par value, $0.001 value per share (the "Common Stock") pursuant to the terms of the NoteDebentures. In addition, pursuant to the terms of the Securities Purchase Agreement and the transaction transactions contemplated thereby, the Company has agreed to issue to the Fund Common Stock Purchase Warrants exercisable for up to an aggregate of 500,000 shares of the Company's Common Stock equal to 300,000 Common Shares (the "Warrant Shares"). The number of Note Debenture Conversion Shares and Warrant Shares is subject to adjustment upon the occurrence of stock splits, recapitalizations and similar events occurring after the date hereof.

Securities Purchase Agreement. The Company and the Fund have today executed that certain Securities Purchase Agreement (the "Securities Purchase Agreement"), pursuant to which the Company has agreed, among other things, to issue up to an aggregate of One Million Two Five Hundred Eighty-five Thousand Dollars ($1,285,000.001,500,000.00) (U.S.) principal amount of Convertible Note Notes of the Company (the "NoteNotes") to the Fund or its successors, assigns or transferees (collectively, the "Holders"). The Note is Notes are convertible into an indeterminable number of shares (the "Note Conversion Shares") of the Company's common stock par value, $0.001 0.01 per share (the "Common Stock") pursuant to the terms of the NoteNotes. In addition, pursuant to the terms of the Securities Purchase Agreement and the transaction transactions contemplated thereby, the Company has agreed to issue to the Fund Common Stock Purchase Warrants exercisable for up to 250,000 shares of the Company's Common Stock equal to 300,000 Common Shares (the "Warrant Shares"). The number of Note Conversion Shares and Warrant Shares is subject to adjustment upon the occurrence of stock splits, recapitalizations and similar events occurring after the date hereof.

Securities Purchase Agreement. The Company and the Fund have has today executed that certain Securities Purchase Agreement (the "Securities Purchase Agreement"), pursuant to which the Company has agreed, among other things, to issue up to One Million Two Hundred Eighty-five Thousand Dollars ($1,285,000.001,000,000.00) (U.S.) principal amount of 6% Convertible Note Debentures of the Company (the "NoteDebentures") to the Fund or its successors, assigns or transferees (collectively, the "Holders"). The Note is Debentures are convertible into an indeterminable number of shares (the "Note Debenture Conversion Shares") of the Company's common stock par valuestock, $0.001 .001 par value per share (the "Common Stock") pursuant to the terms of the NoteDebentures. In addition, pursuant to the terms of the Securities Purchase Agreement and the transaction transactions contemplated thereby, the Company has agreed to issue to the Fund Fund, Common Stock Purchase Warrants exercisable for 100,000 shares of the Company's Common Stock equal to 300,000 Common Shares Stock, (the "Warrant Shares"). The number of Note Debenture Conversion Shares and Warrant Shares is subject to adjustment upon the occurrence of stock splits, recapitalizations and similar events occurring after the date hereof.

Securities Purchase Agreement. The Company and the Fund have today executed that certain Securities Purchase Agreement (the "“Securities Purchase Agreement"”), pursuant to which the Company has agreed, among other things, to issue (the “Offering”) up to an aggregate of One Million Two Hundred Eighty-five Fifty Thousand Dollars ($1,285,000.001,250,000) (U.S.) principal amount of Convertible Note Notes of the Company (the "Note"“Notes”) to the Fund or its successors, assigns or transferees (collectively, the "“Holders"”). The Note is Notes are convertible into an indeterminable number of shares (the "“Note Conversion Shares"”) of the Company's ’s common stock par value, $0.001 per share (the "“Common Stock"”) pursuant to the terms of the NoteNotes. In addition, pursuant to the terms of the Securities Purchase Agreement and the transaction transactions contemplated thereby, the Company has agreed to issue to the Fund Common Stock Purchase Warrants exercisable for 500,000 shares of the Company's ’s Common Stock equal to 300,000 Common Shares (the "“Warrant Shares"”). The number of Note Conversion Shares and Warrant Shares is subject to adjustment upon the occurrence of stock splits, recapitalizations and similar events occurring after the date hereof.

Securities Purchase Agreement. The Company and the Fund have today executed that certain Securities Purchase Agreement (the "Securities Purchase Agreement"), pursuant to which the Company has agreed, among other things, to issue up to One Million Two Five Hundred Eighty-five Fifty Thousand Dollars ($1,285,000.00550,000.00) (U.S.) principal amount of 6% Convertible Note Debentures of the Company (the "NoteDebentures") to the Fund or its successors, assigns or transferees (collectively, the "Holders"). The Note is Debentures are convertible into an indeterminable number of shares (the "Note Debenture Conversion Shares") of the Company's common stock par valuestock, $0.001 .001 par value per share (the "Common Stock") pursuant to the terms of the NoteDebentures. In addition, pursuant to the terms of the Securities Purchase Agreement and the transaction transactions contemplated thereby, the Company has agreed to issue to the Fund Fund, Common Stock Purchase Warrants exercisable for 50,000 shares of the Company's Common Stock equal to 300,000 Common Shares Stock, (the "Warrant Shares"). The number of Note Debenture Conversion Shares and Warrant Shares is subject to adjustment upon the occurrence of stock splits, recapitalizations and similar events occurring after the date hereof.

Securities Purchase Agreement. The Company and the Fund have today executed that certain Securities Purchase Agreement (the "Securities Purchase Agreement"), pursuant to which the Company has agreed, among other things, to issue up to One Million Two Hundred Eighty-five Fifty Thousand Dollars ($1,285,000.001,250,000.00) (U.S.) principal amount of 10% Convertible Note Debentures of the Company (the "NoteDebentures") to the Fund or its successors, assigns or transferees (collectively, the "Holders"). The Note is Debentures are convertible into an indeterminable number of shares (the "Note Debenture Conversion Shares") of the Company's common stock par valuestock, $0.001 0.0001 par value per share (the "Common Stock") pursuant to the terms of the NoteDebentures. In addition, pursuant to the terms of the Securities Purchase Agreement and the transaction transactions contemplated thereby, the Company has agreed to issue to the Fund Fund, Common Stock Purchase Warrants exercisable for 125,000 shares of the Company's Common Stock equal to 300,000 Common Shares Stock, (the "Warrant Shares"). The number of Note Debenture Conversion Shares and Warrant Shares is subject to adjustment upon the occurrence of stock splits, recapitalizations and similar events occurring after the date hereof.

Securities Purchase Agreement. The Company and the Fund have today executed that certain Securities Purchase Agreement (the "Securities Purchase Agreement"), pursuant to which the Company has agreed, among other things, to issue up to One Million Two Three Hundred Eighty-five Fifty Thousand Dollars ($1,285,000.00350,000.00) (U.S.) principal amount of 10% Convertible Note Debentures of the Company (the "NoteDebentures") to the Fund or its successors, assigns or transferees (collectively, the "Holders"). The Note is Debentures are convertible into an indeterminable number of shares (the "Note Debenture Conversion Shares") of the Company's common stock par valuestock, $0.001 0.0001 par value per share (the "Common Stock") pursuant to the terms of the NoteDebentures. In addition, pursuant to the terms of the Securities Purchase Agreement and the transaction transactions contemplated thereby, the Company has agreed to issue to the Fund Fund, Common Stock Purchase Warrants exercisable for 35,000 shares of the Company's Common Stock equal to 300,000 Common Shares Stock, (the "Warrant Shares"). The number of Note Debenture Conversion Shares and Warrant Shares is subject to adjustment upon the occurrence of stock splits, recapitalizations and similar events occurring after the date hereof.

Securities Purchase Agreement. The Company and the Fund Purchasers have today executed that certain Securities Purchase Agreement (the "Securities Purchase Agreement"), pursuant to which the Company has agreed, among other things, to issue up to One Million Two Hundred Eighty-five Thousand Dollars ($1,285,000.00) (U.S.) principal amount Convertible Note of the Company (the "Note") to the Fund Purchasers or its successors, assigns or transferees (collectively, the "Holders"). The Note is convertible into an indeterminable number of shares (the "Note Conversion Shares") of the Company's common stock par value, $0.001 per share (the "Common Stock") pursuant to the terms of the Note. In addition, pursuant to the terms of the Securities Purchase Agreement and the transaction contemplated thereby, the Company has agreed to issue to the Fund Purchasers Common Stock Purchase Warrants exercisable for shares of the Company's Common Stock equal to 300,000 Common Shares (the "Warrant Shares"). The number of Note Conversion Shares and Warrant Shares is subject to adjustment upon the occurrence of stock splits, recapitalizations and similar events occurring after the date hereof.

Securities Purchase Agreement. The Company and the Fund have today executed that certain Securities Purchase Agreement (the "Securities Purchase Agreement"), pursuant to which the Company has agreed, among other things, to issue up to One Million Two Five Hundred Eighty-five Eighty Thousand Dollars ($1,285,000.001,580,000.00) (U.S.) principal amount of 6% Convertible Note Debentures of the Company (the "NoteDebentures") to the Fund or its successors, assigns or transferees (collectively, the "Holders"). The Note is Debentures are convertible into an indeterminable number of shares (the "Note Debenture Conversion Shares") of the Company's common stock par valuestock, $0.001 .001 par value per share (the "Common Stock") pursuant to the terms of the NoteDebentures. In addition, pursuant to the terms of the Securities Purchase Agreement and the transaction transactions contemplated thereby, the Company has agreed to issue to the Fund Fund, Common Stock Purchase Warrants exercisable for 150,000 shares of the Company's Common Stock equal to 300,000 Common Shares Stock, (the "Warrant Shares"). The number of Note Debenture Conversion Shares and Warrant Shares is subject to adjustment upon the occurrence of stock splits, recapitalizations and similar events occurring after the date hereof.

Securities Purchase Agreement. The Company and the Fund have today executed that certain Securities Purchase Agreement (the "Securities Purchase Agreement"), pursuant to which the Company has agreed, among other things, to issue up to a One Million Two Five Hundred Eighty-five Fifty Thousand Dollars ($1,285,000.001,550,000.00) (U.S.) principal amount of Convertible Note of the Company (the "Note") to the Fund or its successors, assigns or transferees (collectively, the "Holders"). The Note is convertible into an indeterminable a number of shares (the "Note Conversion Shares") of the Company's common stock par valuestock, $0.001 0.01 par value per share (the "Common Stock") pursuant to the terms of the Note. In addition, pursuant to the terms of the Securities Purchase Agreement and the transaction transactions contemplated thereby, the Company has agreed to issue to the Fund Fund, Common Stock Purchase Warrants exercisable for 250,000 shares of the Company's Common Stock equal to 300,000 Common Shares Stock, (the "Warrant Shares"). The number of Note Conversion Shares and Warrant Shares is subject to adjustment upon the occurrence of stock splits, recapitalizations and similar events occurring after the date hereof.