PURCHASE; CERTAIN DEFINITIONS. (i) The undersigned hereby agrees to purchase from the Company Convertible Preferred Stock having a stated value in the amount set forth on the Buyer's signature page of this Agreement (the "Preferred Stock," which term includes the Initial Preferred Stock and the Additional Preferred Stock, as defined below), out of a total offering of such Convertible Preferred Stock having a stated value of up to $2,300,000, and having the terms and conditions set forth in the Certificate 1 2 of Designations of the Series C Convertible Preferred Stock of the Company attached hereto as ANNEX I (the "Certificate of Designations").
(ii) Subject to the terms and conditions of this Agreement and the other Transaction Agreements, the Buyer will purchase (x) Convertible Preferred Stock having a stated value of $1,300,000 multiplied by the Buyer's Allocable Share (the "Initial Preferred Stock") on the Initial Closing Date (as those terms are defined below) and (y) Convertible Preferred Stock having a stated value of $1,000,000 multiplied by the Buyer's Allocable Share (the "Additional Preferred Stock") on the Additional Closing Date (as defined below).
(iii) The purchase price to be paid by the Buyer for the Preferred Stock (the "Purchase Price") shall be equal to the stated value of the Initial Preferred Stock or the Additional Preferred Stock, as the case may be, and shall be payable in United States Dollars.
PURCHASE; CERTAIN DEFINITIONS. (i) The undersigned hereby agrees to purchase from the Company 7% Convertible Debentures in the principal amount set forth on the Buyer's signature page of this Agreement (the "Debentures"), out of a total offering of $1,750,000 of such Debentures, and having the terms and conditions and being in the form attached hereto as Annex I. The purchase price for the Debentures shall be as set forth on the signature page hereto and shall be payable in United States Dollars.
(ii) As used herein, the term "Securities" means the Debentures, the Common Stock issuable upon conversion of the Debentures, the Warrants and the Warrant Shares.
PURCHASE; CERTAIN DEFINITIONS. (i) The undersigned hereby agrees to purchase from the Company shares of the Convertible Preferred Stock in the amount set forth on the signature page of this Agreement (the "Initial Preferred Stock"), out of a total offering of $500,000 of such Convertible Preferred Stock, and having the terms and conditions set forth in the Certificate of Designations, Voting Powers, Preferences and Rights to the Certificate of Incorporation of the Company attached hereto as ANNEX I (the "Certificate of Designations"). The purchase price for the Initial Preferred Stock shall be as set forth on the signature page hereto (the "Purchase Price") and shall be payable in United States Dollars.
(ii) As used herein, the term "Preferred Stock" means the Initial Preferred Stock, together with all shares, if any, of the Convertible Preferred Stock issued as dividends thereon, unless the context otherwise requires.
PURCHASE; CERTAIN DEFINITIONS. (i) The undersigned hereby agrees to purchase from the Company shares of the Preferred Stock in the amount set forth on the signature page of this Agreement, out of a total offering of up to $2,650,000 of such Preferred Stock, and having the terms and conditions set forth in the Certificate of Designations, attached hereto as Annex I (the "Certificate of Designations"). The purchase price for the Preferred Stock shall be as set forth on the signature page hereto (the "Purchase Price") and shall be payable in United States Dollars.
(ii) As used herein, the term "Preferred Stock" includes all preferred shares, if any, issued as dividends thereon, unless the context otherwise requires.
(iii) As used herein, the term "Securities" means the Preferred Stock and the Common Stock issuable upon conversion of the Preferred Stock.
PURCHASE; CERTAIN DEFINITIONS. (i) The undersigned hereby agrees to purchase the Debenture having the terms and conditions and being in the form attached hereto as ANNEX I.
(ii) Subject to the terms and conditions of this Agreement and the other Transaction Agreements, the Buyer will purchase the Debenture on the Closing Date (as defined below).
(iii) The purchase price to be paid by the Purchaser for the Debenture shall be equal to $500,000 and shall be payable in United States Dollars.
PURCHASE; CERTAIN DEFINITIONS. (i) The undersigned hereby agrees to purchase from the Company Convertible Preferred Stock having a stated value in the amount set forth on the Buyer's signature page of this Agreement (the "Preferred Stock"), out of a total offering of $4,000,000 of such Convertible Preferred Stock, and having the terms and conditions set forth in the Certificate of Designations, Preferences and Rights of Series K Convertible Preferred Stock of the Company attached hereto as Annex I (the "Certificate of Designations").
(ii) The purchase price to be paid by the Buyer shall be equal to the amount set forth on the Buyer's signature page of this Agreement, and shall be payable in United States Dollars.
PURCHASE; CERTAIN DEFINITIONS. (i) The undersigned hereby agrees to purchase at the Purchase Price from the Company Convertible Preferred Stock in the amount set forth on the Investor's signature page of this Agreement, and having the terms and conditions set forth in the Certificate of Designation of the Series D Convertible Preferred Stock of the Company attached hereto as ANNEX I (the "Certificate of Designation").
(ii) The aggregate purchase price to be paid by the Investor shall be equal to the amount set forth on the Investor's signature page of this Agreement, and shall be payable in United States Dollars.
PURCHASE; CERTAIN DEFINITIONS. (i) The undersigned hereby agrees to initially purchase from the Company 7% Convertible Debentures in the principal amount set forth on the Buyer's signature page of this Agreement (the "Initial Debentures"), out of a total offering of $1,800,000 of such Debentures, and having the terms and conditions and being in the form attached hereto as Annex I. The purchase price for the Initial Debentures shall be as set forth on the signature page hereto and shall be payable in United States Dollars.
(ii) As used herein, the term "Debentures" means the Initial Debentures and the Additional Debentures (as defined below), unless the context otherwise requires.
PURCHASE; CERTAIN DEFINITIONS. (i) Buyer hereby agrees to purchase from the Company 375,000,000 Shares for an aggregate purchase price of US$1,000,000. The purchase price shall be payable in United States Dollars (the "Purchase Price").
(ii) Buyer hereby agrees to provide the Company with a Working Capital Line of Credit in the aggregate amount of US$4,000,000 to be drawn down by the Company over a twenty four (24) month period from the date hereof (the "Line"), such Line Agreement attached hereto as Schedule A.
(iii) As used herein, the term "Securities" means the Shares.
PURCHASE; CERTAIN DEFINITIONS. (i) The undersigned hereby agrees to purchase from the Company the Debentures in the principal amount set forth on the signature page of this Agreement (the "Initial Debentures"), out of a total offering of $2,800,000 of such Debentures, and having the terms and conditions and being in the form attached hereto as Annex I. The purchase price for the Initial Debentures shall be as set forth on the signature page hereto and shall be payable in United States Dollars.
(ii) As used herein, the term "Debentures" means the Initial Debentures and the Additional Debentures (as defined below), unless the context otherwise requires.
(iii) As used herein, the term "Securities" means the Debentures, the Warrants and the Common Stock issuable upon conversion of the Debentures or the exercise of the Warrants.
