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COMMITMENT NOTE Sample Clauses

COMMITMENT NOTE. Upon the execution of this Agreement, the Company shall issue to the Investor a $15,000 Promissory Note, maturing six (6) months from execution, as a Commitment Note (“Commitment Note”). The Commitment Note shall be deemed earned upon the execution of this Agreement.
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COMMITMENT NOTE. As a condition for the execution of this Agreement by the Investor, the Company shall issue to the Investor a note in the principal amount equal to $65,000 (the “Secured Note”) on the Execution Date.
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COMMITMENT NOTE. As an inducement the Company shall issue to the Investor, a forty thousand dollar ($40,000) promissory note to offset transaction costs (“Commitment Note”). The Commitment Note shall be deemed earned upon the execution of this Agreement.
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COMMITMENT NOTE. As a condition for the execution of this Agreement by the Investor, the Company shall issue to the Investor a convertible note in the principal amount equal to $50,000 (the “Note”) on the Execution Date.
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COMMITMENT NOTE. In consideration for the Investor’s execution and delivery of this Agreement and the Registration Rights Agreement (the “Closing”), the Company shall deliver to the Investor, concurrently with the execution of this Agreement, a convertible promissory note, in substantially the form attached as Exhibit F (the “Commitment Note”), which note shall be convertible into shares of Common Stock (such shares of Common Stock, the “Note Shares”) on the terms and subject to the conditions set forth therein. For the avoidance of doubt, the Commitment Note and all of the Note Shares shall be fully earned as of the Closing Date, regardless of whether any Fixed Purchases, VWAP Purchases, or Additional VWAP Purchases are effected hereunder and regardless of any subsequent termination of this Agreement.
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COMMITMENT NOTE. As a condition for the execution of this Agreement by the Investor, the Company shall issue to the Investor a convertible note in the principal amount equal to $60,000.00 (the “Note”) on the Subscription Date.
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COMMITMENT NOTE. The Company will issue the Investor the Commitment Note upon the execution of the Agreement.
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COMMITMENT NOTE. As a condition for the execution of this Agreement by Investor, the Company shall issue to Investor a note in the principal amount equal to $35,000 (the “Note”) on the Execution Date, in substantially the form attached as Exhibit B hereto (which Note provides that $10,000 of the principal balance and accrued interest thereon will be extinguished upon the Registration Statement initially being declared effective).
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COMMITMENT NOTE. The Company shall issue to the Investor a fifty thousand dollar ($50,000) promissory note to offset transaction costs ("Commitment Note"). The Commitment Note shall be deemed earned upon the execution of this Agreement. SECTION IT INVESTOR'S REPRESENTATIONS, WARRANTIES AND COVENANTS The Investor represents and warrants to the Company, and covenants, that to the best of the Investor's knowledge: 1. SOPHISTICATED INVESTOR. The Investor has, by reason of its business and financial experience, such knowledge, sophistication and experience in financial and business matters and in making investment decisions of this type that it is capable of (1) evaluating the merits and risks of an investment in the Securities and making an informed investment decision; (II) protecting its own interest; and (III) bearing the economic risk of such investment for an indefinite period of time.
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COMMITMENT NOTE. The Company shall issue a promissory note in favor of the Investor in the principal amount of thirty thousand dollars ($30,000) to offset the transaction costs incurred by the Investor in connection with this Agreement.
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