Common use of Purchase and Sale of Common Stock Clause in Contracts

Purchase and Sale of Common Stock. At the Closing (as defined in xxxxxxxxxxxx 0X xxxxx), subject to the terms and conditions set forth herein, the Purchaser shall purchase from the Company, and the Company shall sell to the Purchaser, 2,367,237 shares of Common Stock at a price of $.10 per share, for an aggregate purchase price equal to $236,724. Purchaser shall pay the aggregate purchase price by (1) paying $64,182 by a cashier's or certified check, or by wire transfer of immediately available funds to such account as designated by the Company, (2) increasing the principal amount outstanding under the Executive Note by $97,306 and (3) delivering to the Company a Carry Note in the principal amount of $75,236. The Common Stock purchased by the Purchaser hereunder constitutes Executive Stock under the Management Agreement. Such Executive Stock shall be allocated as follows: 982,888 shall be Reserve Stock and 1,384,349 shall be Carried Stock.

Purchase and Sale of Common Stock. At the Closing (as defined in xxxxxxxxxxxx 0X xxxxx), subject to the terms and conditions set forth herein, the Purchaser shall purchase from the Company, and the Company shall sell to the Purchaser, 2,367,237 7,405,431 shares of Common Stock at a price of $.10 per share, for an aggregate purchase price equal to $236,724740,543. Purchaser shall pay the aggregate purchase price by (1) paying $64,182 263,543 by a cashier's or certified check, or by wire transfer of immediately available funds to such account as designated by the Company, (2) increasing the principal amount outstanding under the Executive Note by $97,306 304,402 and (3) delivering to the Company a Carry Note in the principal amount of $75,236172,599. The Common Stock purchased by the Purchaser hereunder constitutes Executive Stock under the Management Agreement. Such Executive Stock shall be allocated as follows: 982,888 3,074,770 shall be Reserve Stock and 1,384,349 4,330,661 shall be Carried Stock.

Purchase and Sale of Common Stock. At the Closing (as defined in xxxxxxxxxxxx 0X xxxxx), subject to the terms and conditions set forth herein, the Purchaser shall purchase from the Company, and the Company shall sell to the Purchaser, 2,367,237 192,059 shares of Common Stock at a price of $.10 per share, for an aggregate purchase price equal to $236,72419,205. Purchaser shall pay the aggregate purchase price by (1) paying $64,182 6,632 by a cashier's or certified check, or by wire transfer of immediately available funds to such account as designated by the Company, (2) increasing the principal amount outstanding under the Executive Note by $97,306 7,895 and (3) delivering to the Company a Carry Note in the principal amount of $75,2364,680. The Common Stock purchased by the Purchaser hereunder constitutes Executive Stock under the Management Agreement. Such Executive Stock shall be allocated as follows: 982,888 79,744 shall be Reserve Stock and 1,384,349 112,315 shall be Carried Stock.

Purchase and Sale of Common Stock. At the Closing (as defined in xxxxxxxxxxxx 0X xxxxx), subject to the terms and conditions set forth herein, the Purchaser shall purchase from the Company, and the Company shall sell to the Purchaser, 2,367,237 768,235 shares of Common Stock at a price of $.10 per share, for an aggregate purchase price equal to $236,72476,823. Purchaser shall pay the aggregate purchase price by (1) paying $64,182 26,525 by a cashier's or certified check, or by wire transfer of immediately available funds to such account as designated by the Company, (2) increasing the principal amount outstanding under the Executive Note by $97,306 31,579 and (3) delivering to the Company a Carry Note in the principal amount of $75,23618,719. The Common Stock purchased by the Purchaser hereunder constitutes Executive Stock under the Management Agreement. Such Executive Stock shall be allocated as follows: 982,888 318,975 shall be Reserve Stock and 1,384,349 449,260 shall be Carried Stock.

Purchase and Sale of Common Stock. At the Closing (as defined in xxxxxxxxxxxx 0X xxxxx), subject to the terms and conditions set forth herein, the Purchaser shall purchase from the Company, and the Company shall sell to the Purchaser, 2,367,237 1,851,357 shares of Common Stock at a price of $.10 per share, for an aggregate purchase price equal to $236,724185,136. Purchaser shall pay the aggregate purchase price by (1) paying $64,182 65,886 by a cashier's or certified check, or by wire transfer of immediately available funds to such account as designated by the Company, (2) increasing the principal amount outstanding under the Executive Note by $97,306 76,101 and (3) delivering to the Company a Carry Note in the principal amount of $75,23643,150. The Common Stock purchased by the Purchaser hereunder constitutes Executive Stock under the Management Agreement. Such Executive Stock shall be allocated as follows: 982,888 768,692 shall be Reserve Stock and 1,384,349 1,082,665 shall be Carried Stock.

Purchase and Sale of Common Stock. At the Closing (as defined in xxxxxxxxxxxx 0X xxxxx), subject to the terms and conditions set forth herein, the Purchaser shall purchase from the Company, and the Company shall sell to the Purchaser, 2,367,237 591,809 shares of Common Stock at a price of $.10 per share, for an aggregate purchase price equal to $236,72459,181. Purchaser shall pay the aggregate purchase price by (1) paying $64,182 16,046 by a cashier's or certified check, or by wire transfer of immediately available funds to such account as designated by the Company, (2) increasing the principal amount outstanding under the Executive Note by $97,306 24,326 and (3) delivering to the Company a Carry Note in the principal amount of $75,23618,809. The Common Stock purchased by the Purchaser hereunder constitutes Executive Stock under the Management Agreement. Such Executive Stock shall be allocated as follows: 982,888 245,722 shall be Reserve Stock and 1,384,349 346,087 shall be Carried Stock.