Common use of Closing Matters Clause in Contracts

Closing Matters. On the Closing Date, subject to the terms and conditions hereof, the following actions shall be taken: (a) The Company, against delivery of payment of the Purchase Price in accordance with Section 1.3(b), will deliver to the Purchaser the documents set forth in Section 4.4 hereof. (b) The Purchaser shall deliver to the Company the Purchase Price, subject to the fee owed to Purchaser pursuant to Section 10.9 hereof, in immediately available funds by wire transfer of immediately available funds in accordance with the instructions of the Company.

Closing Matters. On the Closing Date, subject to the terms and conditions hereof, the following actions shall be taken: (a) The Company, against delivery of payment of the Purchase Price in accordance with Section 1.3(b), Company will deliver to the Purchaser the documents set forth Note dated the Closing Date, in Section 4.4 hereofthe principal amount of $200,000. (b) The Purchaser shall deliver to the Company the Purchase Price, subject to the fee owed to Purchaser pursuant to Section 10.9 hereof, in immediately available funds by wire transfer of immediately available funds in accordance with the instructions of the CompanyExchanged Shares.

Closing Matters. On the Closing Date, subject to the terms and conditions hereof, the following actions shall be taken: (a) The Company, against delivery of payment of the Purchase Price in accordance with Section 1.3(b), Company will deliver to the Purchaser the documents set forth Note dated the Closing Date, in Section 4.4 hereofthe principal amount of $325,000. (b) The Purchaser shall deliver to the Company the Purchase Price, subject to the fee owed to Purchaser pursuant to Section 10.9 hereof, Price in immediately available funds by wire transfer of immediately available funds in accordance with the instructions of to the Company.

Closing Matters. On the Closing Date, subject to the terms and conditions hereof, the following actions shall be taken: (a) The Company, against delivery of payment of the Purchase Price in accordance with Section 1.3(b), Company will deliver to the Purchaser the documents set forth Note dated the Closing Date, in Section 4.4 hereofthe principal amount of $1,302,000 and will deliver to the Escrow Agent (as hereinafter defined) the Pledged Shares (as hereinafter defined). (b) The Purchaser shall deliver to the Company the Purchase Price, subject to the fee owed to Purchaser pursuant to Section 10.9 hereof, Cash Payment in immediately available funds by wire transfer of immediately available funds in accordance with to the instructions of Company and shall surrender for cancellation to the CompanyCompany the June Notes and the Debenture.

Closing Matters. On the Closing Date, subject to the terms and conditions hereof, the following actions shall be taken: (a) The Company, against delivery of payment of the Purchase Price in accordance with Section 1.3(b), Company will deliver to the Purchaser the documents set forth Note dated the Closing Date, in Section 4.4 hereofthe principal amount of $800,000 and will deliver to the Escrow Agent (as hereinafter defined) the Pledged Shares (as hereinafter defined). (b) The Purchaser shall deliver surrender for cancellation to the Company the Purchase Price, subject to the fee owed to Purchaser pursuant to Section 10.9 hereof, in immediately available funds by wire transfer of immediately available funds in accordance with the instructions of the CompanyPrior Notes.

Closing Matters. On the Closing Date, subject to the terms and conditions hereof, the following actions shall be taken: (a) The Company, against delivery of payment of the Purchase Price in accordance with Section 1.3(b), Company will deliver to the Purchaser the documents set forth Note dated the Closing Date, in Section 4.4 hereofthe principal amount of $250,000. (b) The Purchaser shall deliver to the Company the Purchase Price, subject to the fee owed to Purchaser pursuant to Section 10.9 hereof, Price in immediately available funds by wire transfer of immediately available funds in accordance with the instructions of to the Company.

Closing Matters. On the Closing Date, subject to the terms and conditions hereof, the following actions shall be taken: (a) The Company, against delivery of payment of the Purchase Price in accordance with Section 1.3(b), Company will deliver to the Purchaser (i) the documents set forth Bridge Note, dated the Closing Date, in Section 4.4 hereofthe principal amount of $1,000,000; (ii) the Warrant; and (iii) the registration rights agreement in the form of Exhibit B attached hereto (the “Registration Rights Agreement”), each executed by a duly authorized officer. (b) The Purchaser shall deliver to the Company the Purchase Price, subject to the fee owed to Purchaser pursuant to Section 10.9 hereof, Price in immediately available funds by wire transfer of immediately available funds in accordance with the instructions of to the Company.

Closing Matters. On the Closing Date, subject to the terms and conditions hereof, the following actions shall be taken: (a) The Company, against delivery of payment of the Purchase Price in accordance with Section 1.3(b), Company will deliver to the Purchaser the documents set forth Note dated the Closing Date, in Section 4.4 hereof. (b) The Purchaser shall the principal amount of $487,532 and will deliver to the Company Escrow Agent (as hereinafter defined) the Purchase Price, subject to the fee owed to Purchaser pursuant to Section 10.9 hereof, in immediately available funds by wire transfer of immediately available funds in accordance with the instructions of the CompanyPledged Shares (as hereinafter defined).

Closing Matters. On the Closing Date, subject to the terms and conditions hereof, the following actions shall be taken: (a) The Company, against delivery of payment of the Purchase Price in accordance with Section 1.3(b), Company will deliver to the Purchaser the documents set forth Note dated the Closing Date with an effective date of May 1, 2007, in Section 4.4 hereofthe principal amount of $200,000. (b) The Purchaser shall deliver to the Company the Purchase Price, subject to the fee owed to Purchaser pursuant to Section 10.9 hereof, Price in immediately available funds by wire transfer of immediately available funds in accordance with the instructions of to the Company.

Closing Matters. On the Closing Date, subject to the terms and conditions hereof, the following actions shall be taken: (a) The Company, against delivery of payment of the Purchase Price in accordance with Section 1.3(b), Company will deliver to the Purchaser the documents set forth Debenture dated the Closing Date, in Section 4.4 hereofthe principal amount of $500,000. (b) The Purchaser shall deliver to the Company the Purchase Price, subject to the fee owed to Purchaser pursuant to Section 10.9 hereof, Price in immediately available funds by wire transfer of immediately available funds in accordance with the instructions of to the Company.