Initial Purchase and Sale. Upon the terms and subject to the conditions set forth herein, and in reliance on the representations and warranties set forth in Section 4 hereof, each Purchaser shall severally purchase from the Company, and the Company shall issue and sell to each of the Purchasers, at the Initial Closing (as defined in Section 2.1), the number of Units set forth opposite the name of such Purchaser in SCHEDULE 1.2 at a purchase price of $2,000 per Investment Unit for an aggregate purchase price in the amount set forth opposite the name of such Purchaser in SCHEDULE 1.2, and the Company shall without further action grant the Purchasers the rights set forth herein. All Units sold hereunder shall be immediately detachable into their component Securities. All payments under this Agreement shall be made by wire transfer of immediately available funds to an account designated by the Company.
Initial Purchase and Sale. Upon the terms and subject to the conditions of this Agreement, at the First Closing, Issuer shall sell to Buyer, and Buyer shall purchase from Issuer, the Initial Shares. The purchase price for the Initial Shares shall be (i) the Step One Average Closing Price multiplied by (ii) the number of the Initial Shares (the “Initial Purchase Price”). The Initial Purchase Price shall be paid as provided in Section 2.04.
Initial Purchase and Sale. Subject to the terms and conditions set forth in this Agreement, on the Initial Closing Date (as hereinafter defined) the Company shall sell and issue to the Purchaser, and the Purchaser shall purchase from the Company 1,250,000 shares (the "Sale Shares") of the Company's common stock ("Common Stock" or "Shares"), at a purchase price per Share of US$0.02 ("Purchase Share Price"), or US$25,000 in the aggregate (the "Purchase Price"). Such purchase and sale is referred to herein as the "Share Purchase".
Initial Purchase and Sale. (a) The Company has authorized the sale and issuance to the Investors of 1,111,111 shares (the “Shares”) of the Company’s common stock, par value $0.001 per share, (the “Common Stock”) and warrants (the “Warrants” and together with the Common Stock, the “Securities”) to purchase up to 1,111,111 shares (the “Warrant Shares”) of Common Stock. The aggregate purchase price (the “Purchase Price”) for the Securities shall be $3,999,999.60 and the amounts of securities to be purchased by each Investor and its portion of the Purchase Price is listed by the Investor’s name on Schedule I. Each Warrant shall be in the form attached hereto as Exhibit A.
Initial Purchase and Sale. Upon the terms and subject to the conditions of this Agreement, each of the Sellers hereby agrees to sell to Buyer, free and clear of all Encumbrances, and Buyer hereby agrees to purchase from each of the Sellers, the Equity Interests of Permal set forth opposite each such Seller’s name on Schedule 2.1(a) (the “Initial Closing Equity Interests”), and Buyer agrees to pay the Sellers therefor the aggregate consideration set forth in Section 2.1(c) below. Notwithstanding anything herein to the contrary, prior to the Initial Closing Date, the Management Representative shall be able to update the allocation of the Equity Interests among the Management Shareholders; provided that the aggregate Equity Interests of the Management Shareholders shall not change.
Initial Purchase and Sale. Upon the terms and subject to the conditions of this Agreement, at the Closing the Seller shall sell, assign, transfer, convey and deliver, or cause to be sold, assigned, transferred, conveyed and delivered, to AJI 4,366 shares of the Company held by the Seller, representing 44.1% of the outstanding share capital of the Company (the “Initial Shares”) and enter into the IPLA, the Restated Parts Supply Agreement, Lease Agreements, Utility Agreement, and the other identified Ancillary Agreements, and the Purchaser shall pay to the Seller the Initial Purchase Price.
Initial Purchase and Sale. (a) The Company has authorized the sale and issuance to the Purchaser of (i) the Senior Secured Note due December 31, 2007, in an aggregate original principal amount of $2,000,000 (the “Senior Secured Note”) and (ii) warrants (the “Warrant”) to purchase up to 500,000 shares (the “Warrant Shares”) of the Company’s common stock, par value $.001 per share (the “Common Stock”). The Senior Secured Note, the Warrants and the Warrant Shares are hereinafter called, collectively the “Securities.” The aggregate purchase price (the “Purchase Price”) for the Securities shall be $2,000,000. The Senior Secured Note and the Warrant shall be in the forms attached hereto, respectively as Exhibits A and B.
Initial Purchase and Sale. On the terms and subject to the satisfaction or waiver of the conditions to the Initial Closing set forth in this Agreement, at the Initial Closing, the Purchaser shall purchase, and the Company shall issue and sell to the Purchaser, (i) the Initial Closing Preferred Shares for a purchase price of $987.50 per share (the “Preferred Shares Purchase Price”) and (ii) the Initial Closing Common Shares with an original purchase price of $0.001 per share (subject to equitable adjustment for any stock dividend (including any dividend of securities convertible into or exchangeable for Common Stock), stock split (including a reverse stock split), stock combination, reclassification or similar transaction occurring on or after the date of this Agreement and prior to the Initial Closing), the “Common Shares Purchase Price”), for an aggregate purchase price of the Initial Closing Shares delivered at the Initial Closing of $345,632,098.765 (the “Initial Purchase Price”) (such transaction, the “Initial Purchase and Sale”). The Initial Closing Preferred Shares and all other shares of the Series A Preferred Stock shall have the rights, powers, preferences and privileges set forth in the Certificate of Designations (the “Certificate of Designations”) attached as Exhibit B.
Initial Purchase and Sale. At the First Closing, and on the terms and subject to the conditions set forth herein, the Manager hereby agrees to cause the Investors to purchase from the Company, and the Company hereby agrees to sell to each of the Investors, for the aggregate purchase price set forth opposite the Investor’s name on Schedule 1, (the “Subscription Amount”) (i) that number of shares of Common Stock set forth opposite the Investor’s name on Schedule 1 and (ii) a Warrant exercisable for the number of Warrant Shares set forth opposite the Investor’s name on Schedule 1.
Initial Purchase and Sale. The Company shall issue and sell to Purchaser, and Purchaser shall purchase and acquire from the Company (the “Initial Investment”), (i) 5,610,923 shares (the “Initial Shares”) of Common Stock for $4.10 per share and (ii) a Warrant exercisable for 1,706,151 shares of Common Stock (the “Initial Warrant”) with a per share reference price of $4.10 per share of Common Stock, for an aggregate purchase price of $30,000,003.40 (the “Initial Purchase Price”).
