Purchase and Sale of the Debenture. Subject to the terms and conditions of this Agreement, on the Closing Date, the Company shall sell and issue to the Investor, a Debenture in the principal amount of $50,000 in exchange for $50,000.
Purchase and Sale of the Debenture. Subject to the terms and conditions of this Agreement, on the Closing Date, the Company shall sell and issue to the Investor, a Debenture in the principal amount of $_______ in exchange for $_______.
Purchase and Sale of the Debenture. Subject to the terms and conditions of this Agreement, on the Closing Date, the Company shall sell and issue to the Investor, a Debenture in the principal amount of $617,500.00, it being understood and acknowledged that in accordance with the terms of such Debenture, the Investor may, in its discretion make payments to the Company up to the aggregate Purchase Price of $617,700, during the two (2) year period commencing on the issuance date of the Debenture, and the principal amount owed under the Debenture will be equal to such actual Purchase Price paid by the Investor
Purchase and Sale of the Debenture. Upon the terms and conditions herein contained, at the Closing (as hereinafter defined), the Seller hereby sells, assigns and transfers to the Buyer and the Buyer agrees to purchase from the Seller the “Transferred Rights” of the Seller and all rights thereto, free and clear of all liens, claims, pledges, mortgages, restrictions, obligations, security interests and encumbrances of any kind, nature and description. Transferred Rights shall mean all rights with respect the Assigned Portion. By its signature hereto, the Borrower accepts the assignment of the Transferred Rights to Buyer and agrees that Buyer may convert the Transferred Rights into shares of the Company’s common stock.
Purchase and Sale of the Debenture. Section 1.1
Purchase and Sale of the Debenture. Upon the following terms and conditions, the Company shall issue and sell to the Purchaser and the Purchaser shall purchase from the Company a convertible debenture in the principal amount of $9,000,000 (the “Debenture”), convertible into 2,465,753 of shares of the Company’s Series B Convertible Preferred Stock, par value $0.001 per share (the “Preferred Shares”), (equivalent to a purchase price of $3.65 per Preferred Share), which is initially convertible into 2,465,753 shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”). The terms of the Debenture are set forth in the Debenture, a form of which is attached hereto as Exhibit H. The designation, rights, preferences and other terms and provisions of the Preferred Shares are set forth in the Certificate of Designation of the Relative Rights and Preferences of the Series B Convertible Preferred Stock attached hereto as Exhibit B (the “Certificate of Designation”). The Company and the Purchaser are executing and delivering this Agreement in accordance with and in reliance upon the exemption from securities registration afforded by Rule 506 of Regulation D (“Regulation D”), as promulgated by the United States Securities and Exchange Commission (the “Commission”), under the Securities Act of 1933, as amended (the “Securities Act”), or Section 4(2) of the Securities Act.
Purchase and Sale of the Debenture. Subject to the terms and conditions of this Agreement, the Company shall sell and issue to the Investor (i) Convertible Note(s) in the principal amount of $80,000 and (ii) Warrant Certificates covering 1,500,000 Warrant Shares.
Purchase and Sale of the Debenture. Subject to the terms and conditions of this Agreement, the Company shall sell and issue to the Investor and the Investor shall purchase from the Company, a Debenture in the principal amount of up to $360,000.Subject to the satisfaction of the terms hereof, including the Company not being in default or Event of Default under the Debentures, payments for the Debenture shall be made as follows: (1) one hundred thirty thousand dollars ($130,000) shall be payable by wire transfer to the Company on the Closing Date (as defined); and(2) an additional amount of up to two hundred thirty thousand dollars ($230,000) may be paid by the Investor at its sole discretion by wire transfer to the Company during the 180-day period commencing after the Closing Date.
Purchase and Sale of the Debenture. Subject to the terms and conditions of this Agreement, the Company shall sell and issue to the Investor (i) Convertible Note(s) in the principal amount of $45,000.
Purchase and Sale of the Debenture. At the Closing, the Company shall sell to the Purchaser, and subject to the terms and conditions set forth herein, the Purchaser shall purchase from the Company the Debenture in the aggregate principal amount of $2,123,000.00 (the "PURCHASE PRICE").
