Common use of Purchase and Sale; Purchase Price Clause in Contracts

Purchase and Sale; Purchase Price. (a) Subject to the terms and conditions set forth herein, the Company shall issue and sell and the Purchaser shall purchase six hundred thousand (600,000) shares of the Company's Series B 0 % Convertible Preferred Stock, $ .001 par value per share (the "Shares"). The Series B Preferred Stock shall have the respective rights, preferences and privileges as set forth in the Certificate of Designation to be filed by the Company with the Secretary of State of Nevada prior to the Execution Date. (b) The purchase price for each Share shall be Ten Dollars ($10) (the "Per Share Consideration"). The Per Share Consideration multiplied by the number of Shares to be purchased by the Purchaser is referred to as the "Purchase Price." (c) The Purchase Price shall be paid by delivery to the Company of Three Million One Hundred Ninety One Thousand Four Hundred Eighty Nine (3,191,489) Ordinary Shares (the "Armadillo Shares") of Armadillo Investments, Plc. The number of Ordinary Shares to be issued will be based on the conversion rate in effect as of the close of business on the day preceding the closing of the transaction. For example, if the effective conversion rate is $1.88/(pound) 1, then Armadillo will issue $6,000,000/$1.88, or 3,191,489 Ordinary Shares. (d) Notwithstanding anything to the contrary contained in this Agreement, the Company's obligations hereunder shall be expressly contingent upon the Company selling the Armadillo Shares to a purchaser to be located by Purchaser simultaneously with receipt of the Armadillo Shares for a price not less than (pound) .50 per share.

Appears in 1 contract

Samples: Convertible Preferred Stock Purchase Agreement (Jill Kelly Productions Holding, Inc.)

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Purchase and Sale; Purchase Price. (a) Subject to the terms and conditions set forth herein, the Company shall issue and sell and the Purchaser shall purchase six three hundred fifty thousand (600,000350,000) shares of the Company's ’s Series B 0 % Convertible Preferred Stock, $ $.001 par value per share (the "Shares"). The Series B Preferred Stock shall have the respective rights, preferences and privileges as set forth in the Certificate of Designation to be filed by the Company with the Secretary of State of Nevada Delaware prior to the Execution Date. (b) The purchase price for each Share shall be Ten Dollars ($10) (the "Per Share Consideration"). The Per Share Consideration multiplied by the number of Shares to be purchased by the Purchaser is referred to as the "Purchase Price." (c) The Purchase Price shall be paid by delivery to the Company of Three Million One Hundred Ninety One Thousand Four Hundred Eighty Nine (3,191,489) _______________ Ordinary Shares (the "Armadillo Shares") of Armadillo Investments, Plc. The number of Ordinary Shares to be issued will be based on the conversion rate in effect as of the close of business on the day preceding the closing of the transaction. For example, if the effective conversion rate is $1.88/(pound) 1 .85/i 1, then Armadillo will issue $6,000,000/$1.883,5000,000/$1.85, or 3,191,489 1,891,892 Ordinary Shares. (d) Notwithstanding anything to the contrary contained in this Agreement, the Company's ’s obligations hereunder shall be expressly contingent upon the Company selling the Armadillo Shares to a purchaser to be located by Purchaser simultaneously with receipt of the Armadillo Shares for a price not less than (pound) £ .50 per share.

Appears in 1 contract

Samples: Convertible Preferred Stock Purchase Agreement (Market Central Inc)

Purchase and Sale; Purchase Price. (a) Subject to the terms and conditions set forth herein, the Company shall issue and sell and the Purchaser shall purchase six seven hundred fifty thousand (600,000750,000) shares of the Company's ’s Series B 0 % Convertible Preferred Stock, $ .001 $0.0001 par value per share (the "Shares"). The Series B Preferred Stock shall have the respective rights, preferences and privileges as set forth in the Certificate of Designation to be filed by the Company with the Secretary of State of Nevada Washington prior to the Execution Date. (b) The purchase price for each Share shall be Ten Dollars ($10) (the "Per Share Consideration"). The Per Share Consideration multiplied by the number of Shares to be purchased by the Purchaser is referred to as the "Purchase Price." (c) The Purchase Price shall be paid by delivery to the Company of Three Million One Hundred Ninety One Thousand Four Hundred Eighty Nine four million fifty-four thousand fifty-four (3,191,4894,054,054) Ordinary Shares (the "Armadillo Shares") of Armadillo Investments, PlcInvestments PLC. Each of the Armadillo Shares has been valued at £1.00 per share. The number of Ordinary Shares to be issued will be is based on the conversion rate in effect as of the close of business on the day preceding the closing of the transaction$1.85/£1. For example, if the effective conversion rate is $1.88/(pound) 1, then Armadillo Purchaser will issue $6,000,000/$1.88, 7,500,000/$1.85 or 3,191,489 4,054,054 Ordinary Shares. (d) Notwithstanding anything to the contrary contained in this Agreement, the Company's ’s obligations hereunder shall be expressly contingent upon the Company selling the Armadillo Shares to a purchaser to be located by Purchaser simultaneously with receipt of the Armadillo Shares for a price not less than forty percent (pound40%) .50 of £1.00 per share, less brokerage commissions.

Appears in 1 contract

Samples: Convertible Preferred Stock Purchase Agreement (O2diesel Corp)

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Purchase and Sale; Purchase Price. (a) Subject to the terms and conditions set forth herein, the Company shall issue and sell and the Purchaser shall purchase six eight hundred thousand (600,000800,000) shares of the Company's ’s Series B A 0 % Convertible Preferred Stock, $ .001 $0.0001 par value per share (the "Shares"). The Series B A Preferred Stock shall have the respective rights, preferences and privileges as set forth in the Certificate of Designation to be filed by the Company with the Secretary of State of Nevada Washington prior to the Execution Date. (b) The purchase price for each Share shall be Ten Dollars ($10) (the "Per Share Consideration"). The Per Share Consideration multiplied by the number of Shares to be purchased by the Purchaser is referred to as the "Purchase Price." (c) The Purchase Price shall be paid by delivery to the Company of Three Million One Hundred Ninety One Thousand Four Hundred Eighty Nine three million four hundred fifty-nine thousand six hundred and nine (3,191,4893,459,609) Ordinary Shares (the "Armadillo “Jubilee Shares") of Armadillo Investments, PlcJubilee Investment Trust PLC. Each of the Jubilee Shares shall be valued at £1.33 per share. The number of Ordinary Shares to be issued will be based on the conversion rate in effect as of the close of business on the day preceding the closing of the transaction. For example, if the effective conversion rate is $1.88/(pound) 1.88/£ 1, then Armadillo the Purchaser will issue $6,000,000/$1.888,000,000/$1.88/1.23, or 3,191,489 3,459,609 Ordinary Shares. (d) Notwithstanding anything to the contrary contained in this Agreement, the Company's ’s obligations hereunder shall be expressly contingent upon the Company selling the Armadillo Jubilee Shares to a purchaser to be located by Purchaser simultaneously with receipt of the Armadillo Jubilee Shares for a price not less than forty percent (pound40%) .50 of £1.33 per share, less brokerage commissions.

Appears in 1 contract

Samples: Convertible Preferred Stock Purchase Agreement (O2diesel Corp)

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