Purchase and Sale of the Term Note. Subject to the terms and conditions set forth herein, at the Closing, the Company shall issue and sell to the Lender, and the Lender shall purchase from the Company, (a) a term promissory, in the form attached hereto as Exhibit A (the “Term Note”), in the principal amount one hundred twenty-five thousand Dollars ($125,000) (the “Principal Amount” of the Term Note), with the purchase price of the Term Note of one hundred twenty-five thousand Dollars ($125,000) (the “Purchase Price”).
