Common use of Purchase of Common Stock and Warrants Clause in Contracts

Purchase of Common Stock and Warrants. Subject to the terms and conditions of this Agreement, the issuance, sale and purchase of the Common Shares and Warrants shall be consummated in a “Closing.” The purchase price (the “Purchase Price”) shall be TWO DOLLARS ($2.00) per Unit, for up to FOUR MILLION FIVE HUNDRED THOUSAND DOLLARS ($4,500,000) for TWO MILLION TWO HUNDRED AND FIFTY THOUSAND (2,250,000) Units. Each “Unit” will consist of (a) one (1) share of Common Stock, and (b) three-fifths (3/5ths) of a Warrant for the purchase of one (1) Warrant Share at an exercise price of THREE DOLLARS ($3.00) per share, with a term of THREE (3) years. On the date of the Closing, subject to the satisfaction or waiver of the conditions set forth in ARTICLES VI and VII hereof, the Company shall issue and sell to each Purchaser, and each Purchaser severally agrees to purchase from the Company, the number of Common Shares and a Warrant to purchase the number of Warrant Shares set forth on Schedule 1 hereto. Each Purchaser’s obligation to purchase Common Shares and Warrants hereunder is distinct and separate from each other Purchaser’s obligation to purchase, and no Purchaser shall be required to purchase hereunder more than the number of Common Shares and a Warrant to purchase the number of Warrant Shares set forth on Schedule 1 hereto. The obligations of the Company with respect to each Purchaser shall be separate from the obligations of each other Purchaser and shall not be conditioned as to any Purchaser upon the performance of obligations of any other Purchaser. The Purchase Price will be paid into Escrow as provided in Exhibit C hereto.

Purchase of Common Stock and Warrants. Subject to the terms and conditions of this Agreement, the issuance, sale and purchase of the Common Shares and Warrants shall be consummated in a “Closing.” The purchase price (the “Purchase Price”) shall be TWO DOLLARS THIRTY CENTS ($2.00.30) per Unit, for up to FOUR TWO MILLION FIVE TWO HUNDRED THOUSAND DOLLARS ($4,500,0002,200,000) for TWO MILLION TWO HUNDRED AND FIFTY THOUSAND (2,250,000) 7,333,333 Units. Each “Unit” will consist of (a) one (1) share of Common Stock, and (b) three-fifths (3/5ths) of a Warrant for the purchase of one (1) Warrant Share at an exercise price of THREE DOLLARS SIXTY CENTS ($3.00.60) per share, with a term of THREE five (35) years. On the date of the Closing, subject to the satisfaction or waiver of the conditions set forth in ARTICLES VI and VII hereof, the Company shall issue and sell to each Purchaser, and each Purchaser severally agrees to purchase from the Company, the number of Common Shares and a Warrant to purchase the number of Warrant Shares set forth on Schedule 1 hereto. Each Purchaser’s obligation to purchase Common Shares and Warrants hereunder is distinct and separate from each other Purchaser’s obligation to purchase, and no Purchaser shall be required to purchase hereunder more than the number of Common Shares and a Warrant to purchase the number of Warrant Shares set forth on Schedule 1 hereto. The obligations of the Company with respect to each Purchaser shall be separate from the obligations of each other Purchaser and shall not be conditioned as to any Purchaser upon the performance of obligations of any other Purchaser. The Purchase Price will be paid into Escrow as provided in Exhibit C hereto.

Purchase of Common Stock and Warrants. Subject to the terms and conditions of this Agreement, the issuance, sale and purchase of the Common Shares and Warrants shall be consummated in a “Closing.” The purchase price (the “Purchase Price”) shall be TWO DOLLARS ($2.00) per Unit, for up to FOUR ONE MILLION FIVE HUNDRED THOUSAND DOLLARS ($4,500,000) for TWO MILLION TWO HUNDRED AND FIFTY THOUSAND (2,250,0001,500,000) Units. Each “Unit” will consist of (a) one (1) share of Common Stock, and (b) threeone-fifths fifth (3/5ths1/5th) of a Warrant for the purchase of one (1) Warrant Share at an exercise price of THREE DOLLARS ($3.00) per share, with a term of THREE two (32) years. On the date of the Closing, subject to the satisfaction or waiver of the conditions set forth in ARTICLES VI and VII hereof, the Company shall issue and sell to each Purchaser, and each Purchaser severally agrees to purchase from the Company, the number of Common Shares and a Warrant to purchase the number of Warrant Shares set forth on Schedule 1 hereto. Each Purchaser’s obligation to purchase Common Shares and Warrants hereunder is distinct and separate from each other Purchaser’s obligation to purchase, and no Purchaser shall be required to purchase hereunder more than the number of Common Shares and a Warrant to purchase the number of Warrant Shares set forth on Schedule 1 hereto. The obligations of the Company with respect to each Purchaser shall be separate from the obligations of each other Purchaser and shall not be conditioned as to any Purchaser upon the performance of obligations of any other Purchaser. The Purchase Price will be paid into Escrow as provided in Exhibit C hereto.

Purchase of Common Stock and Warrants. Subject to the terms and conditions of this Agreement, the issuance, sale and purchase of the Common Shares Stock and Warrants shall be consummated in a “"Closing.” " The purchase price (the “"Purchase Price”) shall be TWO DOLLARS ($2.00) per Unit"), for up to FOUR MILLION FIVE ONE HUNDRED THOUSAND DOLLARS ($4,500,000) 100,000.00), receipt of which is hereby acknowledged for TWO MILLION TWO HUNDRED AND FIFTY THOUSAND (2,250,000) Units. Each “Unit” will consist of (a) one (1) share 434,800 shares of Common Stock, Stock and (b) three-fifths (3/5ths) Warrants to purchase 434,800 shares of a Warrant for the purchase of one (1) Warrant Share at common stock with an exercise price of THREE DOLLARS ($3.00) $ 1.00 per share, with a term share at the option of THREE (3) yearsthe Purchaser. On the date of the Closing, subject to the satisfaction or waiver of the conditions set forth in ARTICLES VI and VII hereof, the Company shall issue and sell to each Purchaser, and each Purchaser severally agrees to purchase from the Company, the number of Common Shares and a Warrant to purchase the number of Warrant Shares Securities set forth on Schedule 1 hereto. Each Purchaser’s 's obligation to purchase Common Shares and Warrants Securities hereunder is distinct and separate from each other Purchaser’s 's obligation to purchase, and no Purchaser shall be required to purchase hereunder more than the number of Common Shares and a Warrant to purchase the number of Warrant Shares Securities set forth on Schedule 1 hereto. The obligations of the Company with respect to each Purchaser shall be separate from the obligations of each other Purchaser and shall not be conditioned as to any Purchaser upon the performance of obligations of any other Purchaser. The Purchase Price will be paid into Escrow as provided in Exhibit C hereto.