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

Purchase and Sale of Preferred Stock. (a) Subject to the terms and conditions herein, the Company agrees to issue and sell to the Primary Purchaser, and the Primary Purchaser agrees to purchase from the Company, at the Closing Date, 1,800,704 shares of Series A Preferred Stock (the "Primary Purchaser Purchased Shares") for the aggregate purchase price of Thirty Million Dollars ($30,000,000) comprised of (i) Twenty Million Dollars ($20,000,000) in cash (the "Primary Purchaser Cash Payment"), and (ii) services valued at Ten Million Dollars ($10,000,000) pursuant to the Service Agreements. (b) Subject to the terms and conditions herein, the Company agrees to issue and sell to Allen, and Allen agrees to purchase from the Company, at the Closinx Xxxe, 480,000 shares of Series A Preferred Stock (the "Allen Purchased Shares") for the aggregate purchase price of Eight Xxxxxon Dollars ($8,000,000) in cash (the "Allen Purchase Price"). (c) Subject to xxx xerms and conditions herein, the Company agrees to issue and sell to Lunn, and Lunn agrees, to purchase from the Company, at the Closing Xxxe, 120,000 shares of Series A Preferred Stock (the "Lunn Purchased Shares") for the aggregate purchase price of Two Milxxxx Dollars ($2,000,000) in cash (the "Lunn Purchase Price").

Purchase and Sale of Preferred Stock. (a1) Subject to the terms and conditions herein, the Company agrees to issue and sell to the Primary Purchaser, and the Primary Purchaser agrees to purchase from the Company, at the Closing Date, 1,800,704 shares of Series A Preferred Stock (the "Primary Purchaser Purchased Shares") for the aggregate purchase price of Thirty Million Dollars ($30,000,000) comprised of (i) Twenty Million Dollars ($20,000,000) in cash (the "Primary Purchaser Cash Payment"), and (ii) services valued at Ten Million Dollars ($10,000,000) pursuant to the Service Agreements. (b2) Subject to the terms and conditions herein, the Company agrees to issue and sell to AllenXxxxx, and Allen Xxxxx agrees to purchase from the Company, at the Closinx XxxeClosing Date, 480,000 480,188 shares of Series A Preferred Stock (the "Allen Xxxxx Purchased Shares") for the aggregate purchase price of Eight Xxxxxon Million Dollars ($8,000,000) in cash (the "Allen Xxxxx Purchase Price"). (c3) Subject to xxx xerms the terms and conditions herein, the Company agrees to issue and sell to LunnXxxx, and Lunn Xxxx agrees, to purchase from the Company, at the Closing XxxeDate, 120,000 120,047 shares of Series A Preferred Stock (the "Lunn Xxxx Purchased Shares") for the aggregate purchase price of Two Milxxxx Million Dollars ($2,000,000) in cash (the "Lunn Xxxx Purchase Price").

Purchase and Sale of Preferred Stock. (a) Subject to the terms and conditions herein, the Company agrees to issue and sell to the Primary Purchaser, and the Primary Purchaser agrees to purchase from the Company, at the Closing Date, 1,800,704 shares of Series A Preferred Stock (the "Primary Purchaser Purchased Shares") for the aggregate purchase price of Thirty Million Dollars ($30,000,000) comprised of (i) Twenty Million Dollars ($20,000,000) in cash (the "Primary Purchaser Cash Payment"), and (ii) services valued at Ten Million Dollars ($10,000,000) pursuant to the Service Agreements. (b) Subject to the terms and conditions herein, the Company agrees to issue and sell to AllenAllxx, and Allen agrees xnd Allxx xxrees to purchase from the Company, at the Closinx XxxeClosing Date, 480,000 480,188 shares of Series A Preferred Stock (the "Allen Purchased Allxx Xxrchased Shares") for the aggregate purchase price of Eight Xxxxxon Million Dollars ($8,000,000) in cash (the "Allen Purchase Allxx Xxrchase Price"). (c) Subject to xxx xerms the terms and conditions herein, the Company agrees to issue and sell to LunnLunx, and Lunn agreesxnd Lunx xxrees, to purchase from the Company, at the Closing XxxeDate, 120,000 120,047 shares of Series A Preferred Stock (the "Lunn Purchased Lunx Xxrchased Shares") for the aggregate purchase price of Two Milxxxx Million Dollars ($2,000,000) in cash (the "Lunn Purchase Lunx Xxrchase Price").

Purchase and Sale of Preferred Stock. (a1) Subject to the terms and conditions herein, the Company agrees to issue and sell to the Primary Purchaser, and the Primary Purchaser agrees to purchase from the Company, at the Closing Date, 1,800,704 shares of Series A Preferred Stock (the "Primary Purchaser Purchased Shares") for the aggregate purchase price of Thirty Million Dollars ($30,000,000) comprised of (i) i)- Twenty Million Dollars ($20,000,000) in cash (the "Primary Purchaser Cash Payment"), and (ii) ii)- services valued at Ten Million Dollars ($10,000,000) pursuant to the Service Agreements. (b2) Subject to the terms and conditions herein, the Company agrees to issue and sell to AllenXxxxx, and Allen Xxxxx agrees to purchase from the Company, at the Closinx XxxeClosing Date, 480,000 480,188 shares of Series A Preferred Stock (the "Allen Xxxxx Purchased Shares") for the aggregate purchase price of Eight Xxxxxon Million Dollars ($8,000,000) in cash (the "Allen Xxxxx Purchase Price"). (c3) Subject to xxx xerms the terms and conditions herein, the Company agrees to issue and sell to LunnXxxx, and Lunn Xxxx agrees, to purchase from the Company, at the Closing XxxeDate, 120,000 120,047 shares of Series A Preferred Stock (the "Lunn Xxxx Purchased Shares") for the aggregate purchase price of Two Milxxxx Million Dollars ($2,000,000) in cash (the "Lunn Xxxx Purchase Price").