Authorization Purchase and Sale of Shares Sample Clauses

Authorization Purchase and Sale of Shares. Upon the terms and subject to the conditions set ------ forth herein, at the Closing, the Company shall authorize, issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, (i) 2,204,495 shares of Common Stock and (ii) 462,172 shares of Preferred Stock (such shares of Common Stock and Preferred Stock being herein the "Shares") for an aggregate purchase price of $12,000,000 (the ------ "Purchase Price"). --------------
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Authorization Purchase and Sale of Shares. Upon the terms and subject to the conditions set forth herein, at the Closing, the Company shall authorize, issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, (i) 130,000 shares of Preferred Stock Series A (the "Wasteco A Preferred Shares") representing 77% of the authorized Preferred Stock Series A, (ii) 70,000 shares of Preferred Stock Series C (the "Wasteco C Preferred Shares"), representing 77% of the authorized Preferred Stock Series C and (iii) 11,490,609 shares of Common Stock (the "Wasteco Common Stock"), for an aggregate Purchase Price of $20 million. The Wasteco A Preferred Shares and the Wasteco C Preferred Shares are sometimes hereinafter referred to as the "Wasteco Shares". The aggregate of the purchase price for the Wasteco A Preferred Shares, the Wasteco C Preferred Shares and the Wasteco Common Stock is sometimes hereinafter referred to as the "Purchase Price". Contemporaneously with the issuance of the Wasteco Shares and the Wasteco Common Stock, the Company is also issuing to X.X. Xxxxx (i) 39,000 shares of Preferred Stock Series A (the "Xxxxx A Preferred Shares") representing the remaining 23% of the authorized Preferred Stock Series A, (ii) 21,000 shares of Preferred Stock Series C (the "Xxxxx C Preferred Shares") representing the remaining 23% of the authorized Preferred Stock Series C and (iii) 3,447,182 shares of Common Stock (the "Xxxxx Common Stock") for an aggregate purchase price of $6,000,000. The Xxxxx A Preferred Shares and the Xxxxx C Preferred Shares are sometimes hereinafter referred to as the "Xxxxx Shares". The Company also has outstanding 801,000 shares of Preferred Stock Series B (the "B Preferred Shares"). The Wasteco Shares and the Xxxxx Shares shall have the rights and terms set forth in Exhibit A hereto.
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Authorization Purchase and Sale of Shares. Upon the ------------------------------------------ terms set forth herein, at the Closing, the Company shall authorize, issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, 10,000 shares of Preferred Stock (the "Shares") for a purchase price of $10,000,000 ------ (the "Purchase Price"). The Company hereby acknowledges receipt of $1,000,000 -------------- received from the Purchaser by the Company prior to the date hereof, which $1,000,000 shall be a credit against the Purchase Price.
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Authorization Purchase and Sale of Shares. (a) Upon the terms and subject to the conditions set forth herein, at the Closing, the Company shall authorize, issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, (i) 17,500 shares of Preferred Stock Series D (the "Series D Preferred Stock") representing 100% of the authorized shares of Series D Preferred Stock and (ii) 1,627,980 shares of Common Stock for an aggregate Purchase Price of $1,750,000 ("Purchase Price"). The Purchase Price shall be paid in the form of cash of $554,413 and the cancellation of the Company's promissory notes in the outstanding aggregate principal amount of $1,195,587 (the "Company Notes"). The Series D Preferred Stock shall have the rights and terms set forth in Exhibit B hereto.
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Authorization Purchase and Sale of Shares 
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Related to Authorization Purchase and Sale of Shares

  • Purchase and Sale of Shares 2.1.1. Upon the terms and subject to the conditions set forth in this Agreement, at the Closing, Seller shall sell, transfer and deliver to Buyer, free and clear of all Liens (other than Liens under the Securities Act and any other applicable state or foreign securities Laws), and Buyer shall purchase from Seller, all right, title and interest in and to the Shares.

  • Authorization and Sale of Shares The Company has authorized the sale of up to two million five hundred seventy thousand (2,570,000) Shares. The Company reserves the right to increase or decrease this number.

  • Purchase and Sale of Shares and Warrants Subject to the satisfaction (or waiver) of the conditions to Closing set forth in this Agreement and the Escrow Agreement, each Subscriber shall purchase the Shares and Warrants for the portion of the Purchase Price indicated on the signature page hereto, and the Company shall sell such Shares and Warrants to the Subscriber. The Purchase Price for the Shares and Warrants shall be paid in cash. The entire Purchase Price shall be allocated to the Shares.

  • Purchase and Sale of Shares Closing Subject to the terms and conditions of this Agreement, the Company agrees to sell to Purchaser at the Closing, and Purchaser agrees to purchase from the Company at the Closing, 10,000,000 shares of Common Stock (the “Shares”), at a price per share of $6.00 (the “Purchase Price”). Subject to the satisfaction or waiver of the covenants and conditions set forth in Sections 2.3 and 2.4, the Closing shall occur on the date hereof at the offices of Xxxxxxxx & Xxxxxxxx or such other location as the parties shall mutually agree.

  • Purchase and Sale of Common Stock Subject to the terms and conditions set forth herein, the Company shall issue and sell to the Investor, and the Investor shall purchase from the Company, up to that number of Shares having an aggregate Purchase Price of Ten Million dollars ($10,000,000).

  • Purchase and Sale of Common Shares (a) Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties set forth in Schedule B to this Agreement, the Purchaser hereby agrees to purchase from the Company and the Company hereby agrees to sell to the Purchaser, on the Closing Date, 104,500,000 Common Shares (the “Purchased Shares”) at a price of $48.60 per Purchased Share for an aggregate purchase price of $5,078,700,000 (the “Share Purchase Price”).

  • Purchase and Sale of Company Shares Sale of Company Shares

  • Purchase and Sale of Stock Purchaser hereby agrees to purchase from the Company, and the Company hereby agrees to sell to Purchaser, an aggregate of 37,500 shares of the Common Stock of the Company (the "Stock") at $0.01 per share, for an aggregate purchase price of $375.00, payable in cash. The closing hereunder, including payment for and delivery of the Stock, shall occur at the offices of the Company immediately following the execution of this Agreement, or at such other time and place as the parties may mutually agree (the "Closing").

  • Purchase and Sale of Common Stock and Warrants (a) Upon the following terms and conditions, the Company shall issue and sell to the Purchasers, and the Purchasers shall purchase from the Company, an aggregate of approximately 3,333,334 shares of Common Stock (the "Shares") at a price per share of $0.90 (the "Per Share Purchase Price") for an aggregate purchase price of $3,000,000 (the "Purchase Price"). The Company and the Purchasers are executing and delivering this Agreement in accordance with and in reliance upon the exemption from securities registration afforded by Section 4(2) of the U.S. Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder (the "Securities Act"), including Regulation D ("Regulation D"), and Regulation S promulgated thereunder. and/or upon such other exemption from the registration requirements of the Securities Act as may be available with respect to any or all of the investments to be made hereunder.

  • Purchase and Sale of Purchased Shares At the Closing and on the terms and subject to the conditions set forth in this Agreement, Sellers shall sell and deliver to Purchaser, and Purchaser shall purchase from Sellers and pay therefor, the Purchased Shares, free and clear of any and all Encumbrances and in suitable form for transfer to Purchaser.

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