Purchase and Sale of Convertible Debentures. 6 2.2 Purchase and Sale; Purchase Price....................................6 2.2 Execution and Delivery of Documents; the Closing.....................6 2.3 The Post-Closing.....................................................7
Purchase and Sale of Convertible Debentures. (a) Subject to the terms and conditions set forth herein, the Company agrees to issue and sell to Purchaser, and Purchaser agrees to purchase from the Company, Convertible Debentures up to the aggregate Commitment Amount.
(b) Purchaser shall acquire Convertible Debentures on the Closing Date in an aggregate principal amount of Five Hundred Twenty Five Thousand Dollars ($525,000.00).
(c) In connection with the Purchaser's agreement to purchase the Convertible Debentures specified in this Article II, the Company shall issue and deliver to the Purchaser on the Closing Date Warrants to purchase an aggregate of 250,000 shares of Common Stock.
Purchase and Sale of Convertible Debentures. (a) Subject to the terms and conditions set forth herein, the Company agrees to issue and sell to Purchaser, and Purchaser agrees to purchase from the Company, the Convertible Debenture.
(b) Purchaser shall acquire the Convertible Debenture on the Closing Date in an aggregate principal amount of Five Hundred and Fifty Thousand Dollars ($550,000.00).
(c) In connection with the Purchaser's agreement to purchase the Convertible Debentures specified in this Article II, the Company shall issue and deliver to the Purchaser on the Closing Date Warrants to purchase an aggregate of 50,000 shares of Common Stock.
Purchase and Sale of Convertible Debentures. Upon the basis of the representations and warranties, and subject to the terms and conditions, set forth in this Agreement, the Company covenants and agrees to sell to the Purchaser on the Closing Date, at a purchase price of $500,000 (the "Purchase Price"), a convertible note in registered form in a principal amount of $500,000 and substantially in the form of Exhibit A hereto (the "Note"), such Note convertible at the option of the holder thereof into a number of Note Shares determined pursuant to Article 3 of the Note, according to the terms and conditions set forth in the Note and upon the basis of the representations and warranties, and subject to the terms and conditions set forth in this Agreement, the Purchaser covenants and agrees to purchase from the Company on the Closing Date the Note at the Purchase Price. All capitalized terms not otherwise defined herein shall have the meanings attributed to them in the Note.
Purchase and Sale of Convertible Debentures. (a) Subject to the terms and conditions set forth herein and as set forth in the Recitals herein, the Company agrees to issue and sell to Purchaser, and Purchaser agrees to purchase from the Company, Convertible Debentures in the aggregate principal amount of One Million Dollars ($1,000,000.00).
(b) In connection with the Purchaser's agreement to purchase the Convertible Debentures specified in this Article 2, the Company shall issue and deliver to: (i) Xxxxxxx on the Closing Date a Warrant to purchase an aggregate of up to 27,734 shares of Common Stock and (ii) Shoreline on the Closing Date a Warrant to purchase an aggregate of up to 7,822 shares of Common Stock
Purchase and Sale of Convertible Debentures. (a) Subject to the terms and conditions set forth herein, the Company agrees to issue and sell to Purchaser, and Purchaser agrees to purchase from the Company, Convertible Debentures in the aggregate principal amount of Three Million Three Hundred Forty Thousand Dollars ($3,340,000.00).
(b) In connection with the Purchaser's agreement to purchase the Convertible Debentures specified in this Article II, the Company shall issue and deliver to the Purchaser on the Closing Date a Warrant to purchase an aggregate of 1,500,000 shares of Common Stock.
Purchase and Sale of Convertible Debentures. (a) Subject to the terms and conditions set forth herein, the Company agrees to issue and sell to Purchaser, and Purchaser agrees to purchase from the Company, Convertible Debentures in the aggregate principal amount of Two Million Two Hundred Fifty Thousand Dollars ($2,250,000.00).
(b) In connection with the Purchaser's agreement to purchase the Convertible Debentures specified in this Article II, the Company shall issue and deliver to the Purchaser on the Closing Date a Warrant to purchase an aggregate of 80,000 shares of Common Stock.
Purchase and Sale of Convertible Debentures. (a) Subject to the terms and conditions set forth herein, the Company agrees to issue and sell to Purchaser, and Purchaser agrees to purchase from the Company, the Convertible Debenture.
(b) Purchaser shall acquire the Convertible Debenture on the Closing Date in an aggregate principal amount of One Million Dollars ($1,000,000.00).
(c) In connection with the Purchaser's agreement to purchase the Convertible Debentures specified in this Article II, the Company shall issue and deliver to the Purchaser on the Closing Date Warrants to purchase an aggregate of 100,000 shares of Common Stock.
Purchase and Sale of Convertible Debentures. 2.1.1. Subject to the terms and conditions set forth herein, the Company agrees to issue and sell to Purchaser, and Purchaser agrees to purchase from the Company, Convertible Debentures in the aggregate principal amount of Two Million Five Hundred Thousand Dollars ($2,500,000.00).
2.1.2. In connection with the Purchaser's agreement to purchase the Convertible Debentures specified in this Article II, the Company shall issue and deliver to the Purchaser on the Closing Date a Warrant to purchase an aggregate of 125,000 shares of Common Stock.
Purchase and Sale of Convertible Debentures. In exchange for the amount set forth opposite Investor’s name the Schedule of Investors (the “Purchase Price”), and subject to the terms and conditions of this Agreement, the Issuer will sell and issue to such Investor one or more convertible debentures providing for a fixed rate of eight percent (8%) per annum and with the accrued interest payable to Investor quarterly (computed on the basis of a 365-day year and the actual number of days elapsed) over the Convertible Debenture Term in the form attached to this Agreement as Exhibit B (the “Convertible Debenture”). Each Convertible Debenture will have a principal balance equal to that portion of the Purchase Price paid by such Investor for such Convertible Debenture, as set forth opposite Investor’s name in the Schedule of Investors, and at each Closing each Investor will deliver the Purchase Price to the Issuer and the Issuer will deliver to each Investor one or more executed Convertible Debentures in return for the respective Purchase Price provided to the Issuer.
