Common use of Purchase and Sale of Executive Securities Clause in Contracts

Purchase and Sale of Executive Securities. (a) At the Initial Closing (as defined in the Purchase Agreement), Executive will purchase, and the Company will sell, 789,896 shares of Common Stock at a price of $0.50 per share. The Company will deliver to Executive a copy of the certificate(s) representing such shares of Common Stock, and Executive will deliver to the Company a promissory note in the form of Exhibit A attached hereto (the “Executive Note”) in an aggregate principal amount equal to $394,948.00 as payment for such shares of Common Stock.

Purchase and Sale of Executive Securities. (a) At Upon the Initial Closing (as defined in the Purchase execution and delivery of this Agreement), Executive will purchase, and the Company will sell, 789,896 600,000 shares of Common Stock at a price of $0.50 2.65 per share. The Company will deliver to Executive a copy of the certificate(s) representing such shares of Common Stock, and Executive will deliver to the Company as payment for such shares of Common Stock a promissory note in the form of Exhibit A attached hereto (the “Executive Note”) in an aggregate principal amount equal to $394,948.00 as payment for such shares of Common Stock1,590,000.00.

Purchase and Sale of Executive Securities. (a) At the Initial Closing (as defined in the Purchase Agreement), Executive will purchase, and the Company will sell, 789,896 4,880,521 shares of Common Stock at a price of $0.50 0.08 per share. The Company will deliver to Executive a copy of the certificate(s) representing such shares of Common Stock, and Executive will deliver to the Company a promissory note in the form cashier’s or certified check or wire transfer of Exhibit A attached hereto (the “Executive Note”) immediately available funds in an aggregate principal amount equal to $394,948.00 390,442.00 as payment for such shares of Common Stock.

Purchase and Sale of Executive Securities. (a) At the Initial Closing (as defined in the Purchase Agreement), Executive will purchase, and the Company will sell, 789,896 3,820,297 shares of Common Stock at a price of $0.50 0.08 per share. The Company will deliver to Executive a copy of the certificate(s) representing such shares of Common Stock, and Executive will deliver to the Company a promissory note in the form cashier’s or certified check or wire transfer of Exhibit A attached hereto (the “Executive Note”) immediately available funds in an aggregate principal amount equal to $394,948.00 305,624.00 as payment for such shares of Common Stock.