Agreement to Purchase Purchase Price. a. Upon the terms and subject to the conditions of this Agreement, on the Purchase Date (as defined below) the Company will issue and sell to Purchaser, and Purchaser agrees to purchase from the Company, 95,000 shares of the Company's Common Stock, $.0001 par value (the "Common Stock") in exchange for Three Hundred and Seventy-Five dollars ($375.00) at a purchase price of $0.003947 per share acquired. The term "Shares" refers to the purchased Shares and all securities received in replacement of or in connection with the Shares pursuant to stock dividends or splits, all securities received in replacement of the Shares in a recapitalization, merger, reorganization, exchange or the like, and all new, substituted or additional securities or other properties to which Purchaser is entitled by reason of Purchaser's ownership of the Shares.
Appears in 3 contracts
Samples: Securities Purchase Agreement (Embarr Downs, Inc.), Securities Purchase Agreement (Embarr Downs, Inc.), Securities Purchase Agreement (Embarr Downs, Inc.)
Agreement to Purchase Purchase Price. a. Upon the terms and subject to the conditions of this Agreement, on the Purchase Date (as defined below) the Company will issue and sell to Purchaser, and Purchaser agrees to purchase from the Company, 95,000 850,000 shares of the Company's Common Stock, $.0001 par value (the "Common Stock") in exchange for Three Two Thousand Five Hundred and Seventy-Five dollars Dollars ($375.002,500.00) at a purchase price of $0.003947 0.002941 per share acquired. The term "Shares" refers to the purchased Shares and all securities received in replacement of or in connection with the Shares pursuant to stock dividends or splits, all securities received in replacement of the Shares in a recapitalization, merger, reorganization, exchange or the like, and all new, substituted or additional securities or other properties to which Purchaser is entitled by reason of Purchaser's ownership of the Shares.
Appears in 3 contracts
Samples: Securities Purchase Agreement (Embarr Downs, Inc.), Securities Purchase Agreement (Embarr Downs, Inc.), Securities Purchase Agreement (Embarr Downs, Inc.)