Common use of First Closing Clause in Contracts

First Closing. The First Closing of the purchase and sale of the First Note in an aggregate principal amount of Two Hundred Seventy-Five Thousand and No/100 United States Dollars (US$275,000.00) for an aggregate purchase price of Two Hundred Fifty Thousand and No/100 United States Dollars (US$250,000.00), shall take place on the Execution Date, subject to satisfaction of the conditions to the First Closing set forth in this Agreement (the “First Closing Date”). Subject to the satisfaction (or waiver) of the terms and conditions of this Agreement, in respect of the First Closing Date, Buyer shall purchase a First Note in the principal amount set forth opposite such Buyer’s name in column (3) on the Schedule of Buyer attached hereto for a purchase price set forth opposite such Buyer’s name in column (4) on the Schedule of Buyer hereto. Additional Closings of the purchase and sale of the Note shall be at such times and for such amounts as determined in accordance with Section 1(d) below, subject to satisfaction of the conditions to the Additional Closings set forth in this Agreement (the “Additional Closing Dates”, collectively, with the First Closing Date, referred to as the “Closing Dates” and each a “Closing Date”). The Closings shall occur on the respective Closing Dates through the use of overnight mails and subject to customary escrow instructions from Buyer and their respective counsel, or in such other manner as is mutually agreed to by the Company and the Buyer.

First Closing. The First Closing of the purchase and sale of the First Note Notes in an aggregate principal amount of Two Hundred Seventy-Seventy Xxx Xxxxxxxx Xxxx Xxxxxxx xxx Xx/000 Xxxxxx Xxxxxx Dollars ($71,500.00) for an aggregate purchase price of Sixty Five Thousand and No/100 United States Dollars (US$275,000.00) for an aggregate purchase price of Two Hundred Fifty Thousand and No/100 United States Dollars (US$250,000.00$65,000.00), and shall take place on the Execution Effective Date, subject to satisfaction of the conditions to the First Closing set forth in this Agreement (the “First Closing Date”). Subject to the satisfaction (or waiver) of the terms and conditions of this Agreement, in respect of the First Closing Date, Date each Buyer shall purchase a First Note in the principal amount set forth opposite such Buyer’s name in column (3) on the Schedule of Buyer Buyers attached hereto for a purchase price set forth opposite such Buyer’s name in column (4) on the Schedule of Buyer Buyers hereto. Additional Closings of the purchase and sale of the Note Notes shall be at such times and for such amounts as determined in accordance with Section 1(d) below, subject to satisfaction of the conditions to the Additional Closings set forth in this Agreement (the “Additional Closing Dates”, collectively, with the First Closing Date, referred to as the “Closing Dates” and each a “Closing Date”). The Closings shall occur on the respective Closing Dates through the use of overnight mails and subject to customary escrow instructions from Buyer Buyers and their respective counsel, or in such other manner as is mutually agreed to by the Company and the BuyerBuyers.

First Closing. The First Closing of the purchase and sale of the First Note Notes in an aggregate principal amount of Eight Hundred Six Thousand Two Hundred Seventy-Five Thousand Fifty and No/100 United States Dollars (US$275,000.00806,250.00) for an aggregate purchase price of Two Seven Hundred Fifty Thousand and No/100 United States Dollars (US$250,000.00750,000.00), and shall take place on the Execution Effective Date, subject to satisfaction of the conditions to the First Closing set forth in this Agreement (the “First Closing Date”). Subject to the satisfaction (or waiver) of the terms and conditions of this Agreement, in respect of the First Closing Date, Date the Buyer shall purchase a First Note in the principal amount set forth opposite such the Buyer’s name in column (3) on the Buyer Schedule of Buyer attached hereto for a purchase price set forth opposite such the Buyer’s name in column (4) on the Buyer Schedule of Buyer hereto. Additional Closings of the purchase and sale of the Note Notes shall be at such times and for such amounts as determined in accordance with Section 1(d) below, subject to satisfaction of the conditions to the Additional Closings set forth in this Agreement (the “Additional Closing Dates”, collectively, with the First Closing Date, referred to as the “Closing Dates” and each a “Closing Date”). The Closings shall occur on the respective Closing Dates through the use of overnight mails and subject to customary escrow instructions from the Buyer and their respective its counsel, or in such other manner as is mutually agreed to by the Company and the Buyer.

First Closing. The First Closing of the purchase and sale of the First Note Notes in an aggregate principal amount of Two One Hundred SeventyTwenty-Five Thousand and No/100 United States Four Txxxxxxx Xxx Xxxxxxx xxx Xx/000 Xxxxxx Xxxxxx Dollars (US$275,000.00124,200.00) for an aggregate purchase price of Two Hundred Fifty Thousand and No/100 United States Oxx Xxxxxxx Xxxxxxx Xxxxxxxx xxx Xx/000 Xxxxxx Xxxxxx Dollars (US$250,000.00115,000.00), and shall take place on the Execution Effective Date, subject to satisfaction of the conditions to the First Closing set forth in this Agreement (the “First Closing Date”). Subject to the satisfaction (or waiver) of the terms and conditions of this Agreement, in respect of the First Closing Date, Date each Buyer shall purchase a First Note in the principal amount set forth opposite such Buyer’s name in column (3) on the Schedule of Buyer Buyers attached hereto for a purchase price set forth opposite such Buyer’s name in column (4) on the Schedule of Buyer Buyers hereto. Additional Closings of the purchase and sale of the Note Notes shall be at such times and for such amounts as determined in accordance with Section 1(d) below, subject to satisfaction of the conditions to the Additional Closings set forth in this Agreement (the “Additional Closing Dates”, collectively, with the First Closing Date, referred to as the “Closing Dates” and each a “Closing Date”). The Closings shall occur on the respective Closing Dates through the use of overnight mails and subject to customary escrow instructions from Buyer Buyers and their respective counsel, or in such other manner as is mutually agreed to by the Company and the BuyerBuyers.

First Closing. The First Closing of the purchase and sale of the First Note Notes in an aggregate principal amount of Two Hundred Seventy-Eighty One Thousand and No/100 United States Dollars (US$81,000.00) for an aggregate purchase price of Seventy Five Thousand and No/100 United States Dollars (US$275,000.00) for an aggregate purchase price of Two Hundred Fifty Thousand and No/100 United States Dollars (US$250,000.0075,000.00), and shall take place on the Execution Effective Date, subject to satisfaction of the conditions to the First Closing set forth in this Agreement (the “First Closing Date”). Subject to the satisfaction (or waiver) of the terms and conditions of this Agreement, in respect of the First Closing Date, Date the Buyer shall purchase a First Note in the principal amount set forth opposite such the Buyer’s name in column (3) on the Buyer Schedule of Buyer attached hereto for a purchase price set forth opposite such the Buyer’s name in column (4) on the Buyer Schedule of Buyer hereto. Additional Closings of the purchase and sale of the Note Notes shall be at such times and for such amounts as determined in accordance with Section 1(d) below, subject to satisfaction of the conditions to the Additional Closings set forth in this Agreement (the “Additional Closing Dates”, collectively, with the First Closing Date, referred to as the “Closing Dates” and each a “Closing Date”). The Closings shall occur on the respective Closing Dates through the use of overnight mails and subject to customary escrow instructions from the Buyer and their respective its counsel, or in such other manner as is mutually agreed to by the Company and the Buyer.

First Closing. The First Closing of the purchase and sale of the First Note Notes in an aggregate principal amount of Two Hundred Seventy-Five Thousand two million two hundred twenty and No/100 United States Dollars (US$275,000.00) 2,220,000), for an aggregate purchase price of Two Hundred Fifty Thousand and one million eight hundred fifty No/100 United States Dollars (US$250,000.001,850,000), shall take place on the Execution Effective Date, subject to satisfaction of the conditions to the First Closing set forth in this Agreement (the “First Closing Date”). Subject to the satisfaction (or waiver) of the terms and conditions of this Agreement, in respect of the First Closing Date, Date each Buyer shall purchase a First Note in the principal amount set forth opposite such Buyer’s name in column (3) on the Schedule of Buyer Buyers attached hereto for (x) a purchase price set forth opposite such Buyer’s name in column (4) on the Schedule of Buyer Buyers hereto, and (y) in the case of each Advance Holder, the surrender of Advances in respect of which the amount owing thereunder is set forth opposite such Advance Holder’s name in column (4) on the Schedule of Buyers hereto. Additional Closings Closings, if any, of the purchase and sale of the Note Notes shall be at such times and for such amounts as determined in accordance with Section 1(d) below, subject to satisfaction of the conditions to the Additional Closings set forth in this Agreement (the “Additional Closing Dates”, collectively, with the First Closing Date, referred to as the “Closing Dates” and each a “Closing Date”). The Closings shall occur on the respective Closing Dates through the use of overnight mails mails, electronic email and subject to customary escrow instructions from Buyer Buyers and their respective counsel, or in such other manner as is mutually agreed to by the Company and the BuyerBuyers.

First Closing. The First Closing of the purchase and sale of the First Note Notes in an aggregate principal amount of Two One Hundred Seventy-Fifteen Thousand Five Thousand Hundred and No/100 United States Dollars (US$275,000.00$115,500.00) for an aggregate purchase price of Two Hundred Fifty Thousand and No/100 United States Oxx Xxxxxxx Xxxx Xxxxxxxx xxx Xx/000 Xxxxxx Xxxxxx Dollars (US$250,000.00105,000.00), and shall take place on the Execution Effective Date, subject to satisfaction of the conditions to the First Closing set forth in this Agreement (the “First Closing Date”). Subject to the satisfaction (or waiver) of the terms and conditions of this Agreement, in respect of the First Closing Date, Date each Buyer shall purchase a First Note in the principal amount set forth opposite such Buyer’s name in column (3) on the Schedule of Buyer Buyers attached hereto for a purchase price set forth opposite such Buyer’s name in column (4) on the Schedule of Buyer Buyers hereto. Additional Closings of the purchase and sale of the Note Notes shall be at such times and for such amounts as determined in accordance with Section 1(d) below, subject to satisfaction of the conditions to the Additional Closings set forth in this Agreement (the “Additional Closing Dates”, collectively, with the First Closing Date, referred to as the “Closing Dates” and each a “Closing Date”). The Closings shall occur on the respective Closing Dates through the use of overnight mails and subject to customary escrow instructions from Buyer Buyers and their respective counsel, or in such other manner as is mutually agreed to by the Company and the BuyerBuyers.

First Closing. The First Closing of the purchase and sale of the First Note in an aggregate principal amount of Two Hundred SeventyFifty-Five Thousand and No/100 United States Dollars (US$275,000.0055,000.00) for an aggregate purchase price of Two Hundred Fifty Thousand and No/100 United States Dollars (US$250,000.0050,000.00), shall take place on the Execution Date, subject to satisfaction of the conditions to the First Closing set forth in this Agreement (the “First Closing Date”). Subject to the satisfaction (or waiver) of the terms and conditions of this Agreement, in respect of the First Closing Date, Buyer shall purchase a First Note in the principal amount set forth opposite such Buyer’s name in column (3) on the Schedule of Buyer attached hereto for a purchase price set forth opposite such Buyer’s name in column (4) on the Schedule of Buyer hereto. Additional Closings of the purchase and sale of the Note shall be at such times and for such amounts as determined in accordance with Section 1(d) below, subject to satisfaction of the conditions to the Additional Closings set forth in this Agreement (the “Additional Closing Dates”, collectively, with the First Closing Date, referred to as the “Closing Dates” and each a “Closing Date”). The Closings shall occur on the respective Closing Dates through the use of overnight mails and subject to customary escrow instructions from Buyer and their respective counsel, or in such other manner as is mutually agreed to by the Company and the Buyer.

First Closing. The First Closing of the purchase and sale of the First Note Notes in an aggregate principal amount of Two Hundred Seventy-Five Seventy Three Thousand Nine Hundred and No/100 United States Dollars (US$275,000.00$273,900.00) for an aggregate purchase price of Two Hundred Fifty Forty Nine Thousand and No/100 United States Dollars (US$250,000.00$249,000.00), shall take place on the Execution Effective Date, subject to satisfaction of the conditions to the First Closing set forth in this Agreement (the “First Closing Date”). Subject to the satisfaction (or waiver) of the terms and conditions of this Agreement, in respect of the First Closing Date, Date each Buyer shall purchase a First Note in the principal amount set forth opposite such Buyer’s name in column (3) on the Schedule of Buyer Buyers attached hereto for a purchase price set forth opposite such Buyer’s name in column (4) on the Schedule of Buyer Buyers hereto. Additional Closings of the purchase and sale of the Note Notes shall be at such times and for such amounts as determined in accordance with Section 1(d) below, subject to satisfaction of the conditions to the Additional Closings set forth in this Agreement (the “Additional Closing Dates”, collectively, with the First Closing Date, referred to as the “Closing Dates” and each a “Closing Date”). The Closings shall occur on the respective Closing Dates through the use of overnight mails and subject to customary escrow instructions from Buyer Buyers and their respective counsel, or in such other manner as is mutually agreed to by the Company and the BuyerBuyers.

First Closing. The First Closing of the purchase and sale of the First Note Notes in an aggregate principal amount of Two Hundred Seventy-Five Thirty Six Thousand and No/100 United States Dollars (US$275,000.00$36,000.00) for an aggregate purchase price of Two Hundred Fifty Thirty Thousand and No/100 United States Dollars (US$250,000.00$30,000.00), and shall take place on the Execution Effective Date, subject to satisfaction of the conditions to the First Closing set forth in this Agreement (the “First Closing Date”). Subject to the satisfaction (or waiver) of the terms and conditions of this Agreement, in respect of the First Closing Date, Date each Buyer shall purchase a First Note in the principal amount set forth opposite such Buyer’s name in column (3) on the Schedule of Buyer Buyers attached hereto for a purchase price set forth opposite such Buyer’s name in column (4) on the Schedule of Buyer Buyers hereto. Additional Closings of the purchase and sale of the Note Notes shall be at such times and for such amounts as determined in accordance with Section 1(d) below, subject to satisfaction of the conditions to the Additional Closings set forth in this Agreement (the “Additional Closing Dates”, collectively, with the First Closing Date, referred to as the “Closing Dates” and each a “Closing Date”). The Closings shall occur on the respective Closing Dates through the use of overnight mails and subject to customary escrow instructions from Buyer Buyers and their respective counsel, or in such other manner as is mutually agreed to by the Company and the BuyerBuyers.

First Closing. The First Closing of the purchase and sale of the First Note Notes in an aggregate principal amount of Two Four Hundred Five Thousand and No/100 United States Dollars (US$405,000.00) for an aggregate purchase price of Three Hundred Seventy-Five Thousand and No/100 United States Dollars (US$275,000.00) for an aggregate purchase price of Two Hundred Fifty Thousand and No/100 United States Dollars (US$250,000.00375,000.00), and shall take place on the Execution Effective Date, subject to satisfaction of the conditions to the First Closing set forth in this Agreement (the “First Closing Date”). Subject to the satisfaction (or waiver) of the terms and conditions of this Agreement, in respect of the First Closing Date, Date each Buyer shall purchase a First Note in the principal amount set forth opposite such Buyer’s name in column (3) on the Schedule of Buyer Buyers attached hereto for a purchase price set forth opposite such Buyer’s name in column (4) on the Schedule of Buyer Buyers hereto. Additional Closings of the purchase and sale of the Note Notes shall be at such times and for such amounts as determined in accordance with Section 1(d) below, subject to satisfaction of the conditions to the Additional Closings set forth in this Agreement (the “Additional Closing Dates”, collectively, with the First Closing Date, referred to as the “Closing Dates” and each a “Closing Date”). The Closings shall occur on the respective Closing Dates through the use of overnight mails and subject to customary escrow instructions from Buyer Buyers and their respective counsel, or in such other manner as is mutually agreed to by the Company and the BuyerBuyers.

First Closing. The First Closing of the purchase and sale of the First Note Notes in an aggregate principal amount of Two Four Hundred Seventy-Thirty Nine Thousand Eight Hundred Seventy Five Thousand and No/100 United States Dollars (US$275,000.00$439,875.00) for an aggregate purchase price of Three Hundred Eighty Two Thousand Five Hundred Fifty Thousand and No/100 United States Dollars (US$250,000.00$382,500.00), and shall take place on the Execution Effective Date, subject to satisfaction of the conditions to the First Closing set forth in this Agreement (the “First Closing Date”). Subject to the satisfaction (or waiver) of the terms and conditions of this Agreement, in respect of the First Closing Date, Date each Buyer shall purchase a First Note in the principal amount set forth opposite such Buyer’s name in column (3) on the Schedule of Buyer Buyers attached hereto for a purchase price set forth opposite such Buyer’s name in column (4) on the Schedule of Buyer Buyers hereto. Additional Closings of the purchase and sale of the Note Notes shall be at such times and for such amounts as determined in accordance with Section 1(d) below, subject to satisfaction of the conditions to the Additional Closings set forth in this Agreement (the “Additional Closing Dates”, collectively, with the First Closing Date, referred to as the “Closing Dates” and each a “Closing Date”). The Closings shall occur on the respective Closing Dates through the use of overnight mails and subject to customary escrow instructions from Buyer Buyers and their respective counsel, or in such other manner as is mutually agreed to by the Company and the BuyerBuyers.

First Closing. The First Closing of the purchase and sale of the First Note Notes in an aggregate principal amount of Two Hundred Seventy-Five Sixty Six Thousand and No/100 United States Dollars (US$275,000.00$66,000.00) for an aggregate purchase price of Two Hundred Fifty Sixty Thousand and No/100 United States Dollars (US$250,000.00$60,000.00), and shall take place on the Execution Effective Date, subject to satisfaction of the conditions to the First Closing set forth in this Agreement (the “"First Closing Date”"). Subject to the satisfaction (or waiver) of the terms and conditions of this Agreement, in respect of the First Closing Date, Date each Buyer shall purchase a First Note in the principal amount set forth opposite such Buyer’s 's name in column (3) on the Schedule of Buyer Buyers attached hereto for a purchase price set forth opposite such Buyer’s 's name in column (4) on the Schedule of Buyer Buyers hereto. Additional Closings of the purchase and sale of the Note Notes shall be at such times and for such amounts as determined in accordance with Section 1(d) below, subject to satisfaction of the conditions to the Additional Closings set forth in this Agreement (the “"Additional Closing Dates”", collectively, with the First Closing Date, referred to as the “"Closing Dates” and each a “Closing Date”"). The Closings shall occur on the respective Closing Dates through the use of overnight mails and subject to customary escrow instructions from Buyer Buyers and their respective counsel, or in such other manner as is mutually agreed to by the Company and the BuyerBuyers.

First Closing. The First Closing of the purchase and sale of the First Note Notes in an aggregate principal amount of Two Hundred Seventy-Five Seventy Thousand and No/100 United States Dollars (US$275,000.00270,000.00) for an aggregate purchase price of Two Hundred Fifty Thousand and No/100 United States Dollars (US$250,000.00), and shall take place on the Execution Effective Date, subject to satisfaction of the conditions to the First Closing set forth in this Agreement (the “First Closing Date”). Subject to the satisfaction (or waiver) of the terms and conditions of this Agreement, in respect of the First Closing Date, Date each Buyer shall purchase a First Note in the principal amount set forth opposite such Buyer’s name in column (3) on the Schedule of Buyer Buyers attached hereto for a purchase price set forth opposite such Buyer’s name in column (4) on the Schedule of Buyer Buyers hereto. Additional Closings of the purchase and sale of the Note Notes shall be at such times and for such amounts as determined in accordance with Section 1(d) below, subject to satisfaction of the conditions to the Additional Closings set forth in this Agreement (the “Additional Closing Dates”, collectively, with the First Closing Date, referred to as the “Closing Dates” and each a “Closing Date”). The Closings shall occur on the respective Closing Dates through the use of overnight mails and subject to customary escrow instructions from Buyer Buyers and their respective counsel, or in such other manner as is mutually agreed to by the Company and the BuyerBuyers.

First Closing. The First Closing of the purchase and sale of the First Note Notes in an aggregate principal amount of Two One Hundred SeventySixty-Five Nine Thousand Four Hundred and No/100 United States Dollars ($169,400.00) for an aggregate purchase price of One Hundred Fifty Four Thousand and No/100 United States Dollars (US$275,000.00) for an aggregate purchase price of Two Hundred Fifty Thousand and No/100 United States Dollars (US$250,000.00$154,000.00), shall take place on the Execution Effective Date, subject to satisfaction of the conditions to the First Closing set forth in this Agreement (the “First Closing Date”). Subject to the satisfaction (or waiver) of the terms and conditions of this Agreement, in respect of the First Closing Date, Date each Buyer shall purchase a First Note in the principal amount set forth opposite such Buyer’s name in column (3) on the Schedule of Buyer Buyers attached hereto for a purchase price set forth opposite such Buyer’s name in column (4) on the Schedule of Buyer Buyers hereto. Additional Closings of the purchase and sale of the Note Notes shall be at such times and for such amounts as determined in accordance with Section 1(d) below, subject to satisfaction of the conditions to the Additional Closings set forth in this Agreement (the “Additional Closing Dates”, collectively, with the First Closing Date, referred to as the “Closing Dates” and each a “Closing Date”). The Closings shall occur on the respective Closing Dates through the use of overnight mails and subject to customary escrow instructions from Buyer Buyers and their respective counsel, or in such other manner as is mutually agreed to by the Company and the BuyerBuyers.