Common use of Optional Closing Clause in Contracts

Optional Closing. If, at any time prior to July 1, 2005, the Purchaser shall deliver notice to the Company of its election to purchase an Additional Note, then there shall be an additional closing (the "Optional Closing"), at which Optional Closing the Company shall issue and sell, and the Purchaser shall purchase, an Additional Note, which shall be in principal amount of not more than $1,500,000 (the "Additional Principal Amount") and substantially in the form of Exhibit A attached hereto, against payment by the Purchaser of the Additional Principal Amount.

Optional Closing. If, at any time prior to July 1February 15, 2005, the Purchaser shall deliver notice to the Company of its election to purchase an Additional the Second Note, then there shall be an additional closing (the "Optional Closing"), at which Optional Closing the Company shall issue and sell, and the Purchaser shall purchase, an Additional the Second Note, which shall be in principal amount of not more than $1,500,000 1,000,000 (the "Additional Second Principal Amount") and substantially in the form of Exhibit A attached hereto, against payment by the Purchaser of the Additional Second Principal Amount.

Optional Closing. If, at any time prior to July 1, 2005, the Purchaser shall deliver notice to the Company of its election to purchase an the Additional Note, then there shall be an additional closing (the "Optional Closing"), at which Optional Closing the Company shall issue and sell, and the Purchaser shall purchase, an the Additional Note, which shall be in principal amount of not more than $1,500,000 (the "Additional Principal Amount") and substantially in the form of Exhibit A attached hereto, against payment by the Purchaser of the Additional Principal Amount.