Common use of Agreement to Subscribe Subscription Price Clause in Contracts

Agreement to Subscribe Subscription Price. a. SUBSCRIBER hereby subscribes for 247,525 Shares, and ISSUER agrees to sell such Shares, for an aggregate purchase price of $1,250,000 ("Purchase Price"), that number of Shares (rounded up to the nearest whole number of shares) being equal to $1,250,000 divided by the quotient obtained by dividing (y) the sum of the closing bid prices of the Common Stock of the ISSUER for the five consecutive trading days ending the trading day immediately prior to the date of this Subscription Agreement, as such prices are reported by The Nasdaq Stock Market, Inc., by (z) five.

Agreement to Subscribe Subscription Price. a. SUBSCRIBER hereby subscribes for 247,525 49,505 Shares, and ISSUER agrees to sell such Shares, for an aggregate purchase price of $1,250,000 250,000 ("Purchase Price"), that number of Shares (rounded up to the nearest whole number of shares) being equal to $1,250,000 250,000 divided by the quotient obtained by dividing (y) the sum of the closing bid prices of the Common Stock of the ISSUER for the five consecutive trading days ending the trading day immediately prior to the date of this Subscription Agreement, as such prices are reported by The Nasdaq Stock Market, Inc., by (z) five.

Agreement to Subscribe Subscription Price. a. SUBSCRIBER hereby subscribes for 247,525 148,515 Shares, and ISSUER agrees to sell such Shares, for an aggregate purchase price of $1,250,000 750,000 ("Purchase Price"), being equal to that number of Shares (rounded up to the nearest whole number of shares) being equal to $1,250,000 750,000 divided by the quotient obtained by dividing (y) the sum of the closing bid prices of the Common Stock of the ISSUER for the five consecutive trading days ending the trading day immediately prior to the date of this Subscription Agreement, as such prices are reported by The Nasdaq Stock Market, Inc., by (z) five.