Purchase of Note and Warrant. On the Closing Date (as defined below), the Company shall issue and sell to the Buyer and the Buyer agrees to purchase from the Company the Note and the Warrant, subject to the express terms of the Note, the Warrant, and this Agreement as the case may be.
Purchase of Note and Warrant. Subject to the satisfaction (or waiver) of the conditions set forth in Sections 5 and 6 below, the Company shall issue and sell to the Purchaser and the Purchaser agrees to purchase from the Company the Note and the Warrant. The purchase price (the "Purchase Price") of the Note and the Warrant at the closing (the "Closing") shall be equal to $1.00 for each $1.00 of principal amount of the Note purchased (representing an aggregate Purchase Price of $2,000,000).
Purchase of Note and Warrant. On the Closing Date (as defined below), the Buyer shall pay the purchase price of $52,000.00 (the “Purchase Price”) for the first tranche of $55,000.00 under the Note (the “First Tranche”), by wire transfer of immediately available funds, in accordance with the Company’s written wiring instructions, against delivery of the Note and First Warrant (as defined in this Agreement), and (i) the Company shall deliver such duly executed Note and First Warrant on behalf of the Company, to the Buyer. If the Buyer decides to pay, in their sole discretion, additional amounts (additional tranches) under the Note (with the understanding that the face amount of each tranche would be $55,000.00), as further described in the Note, then such additional amounts shall be paid in accordance with the Company’s written wiring instructions as well. At the time of the Buyer’s funding of each tranche under the Note (with the understanding that the face amount of each tranche shall be at least $55,000.00), the Company shall issue to Buyer as a commitment fee, a common stock purchase warrant to purchase 36,666 shares of the Company’s common stock (such warrant issuable upon closing of the First Tranche shall be the “First Warrant”)) pursuant to the terms provided therein (the First Warrant and all additional common stock purchase warrants issuable hereunder, including now and in the future, shall be referred to, in the aggregate, as the “Warrant”) (all warrants issuable hereunder shall be in the same form as the First Warrant issued in connection with the First Tranche).
Purchase of Note and Warrant. On the Closing Date (as defined below), the Company shall issue and sell to the Buyer, and the Buyer agrees to purchase from the Company, the Note, as further provided herein. As used in this Agreement, the term “business day” shall mean any day other than a Saturday, Sunday, or a day on which commercial banks in the city of New York, New York are authorized or required by law or executive order to remain closed. On the Closing Date, the Company shall also issue a Warrant to the Buyer pursuant to the terms contained herein.
Purchase of Note and Warrant. Subject to the satisfaction (or waiver) of the conditions set forth in Article 6 and Article 7 below, the Company shall issue and sell to Buyer, and Buyer agrees to purchase from the Company, the Note and the Warrant at the Closing (the "Closing"). The aggregate purchase price (the "Purchase Price") for the Note and the Warrant at the Closing shall be $7,000,000 payable in the manner agreed upon by the parties.
Purchase of Note and Warrant. On the Closing Date (as defined below), the Company shall issue and sell to the Purchaser, and the Purchaser agrees to purchase from the Company, the Note for an aggregate purchase price of $235,000.00 (“Purchase Price”). Further, Company shall issue to Buyer as a commitment fee, a common stock purchase warrant for the purchase of 1,000,000 shares of the Company’s common stock (the “Warrant”) pursuant to the terms therein. The shares of the Company’s common stock into which the Note is convertible into and the Warrant is exercisable into shall collectively be referred to herein as the “Conversion Shares”.
Purchase of Note and Warrant. The Company shall issue and sell to Buyer, and Bxxxx agrees to purchase from the Company on the Closing Date (i) a Note in the original principal amount of $285,714 and (ii) a Warrant to purchase 1,783,676 shares of Common Stock.
Purchase of Note and Warrant. (a) Subject to the terms and conditions set forth in this Agreement, Purchaser agrees to purchase from Company, and Company agrees to issue and sell to Purchaser, on the Closing Date, the Note for an aggregate purchase price of $10,000,000, containing the terms set forth herein and in Exhibit A hereto. The principal amount of the Note shall be $10,000,000, and the maturity date thereof shall be July 8, 2002 (the "Maturity Date").
Purchase of Note and Warrant. 1 1.2 ...... The Closing Date .................................................................................................... 2
Purchase of Note and Warrant. At the Closing (as defined in Section 3(a)), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, upon the terms and subject to the conditions set forth herein, (i) a secured subordinated convertible note of the Company in the original principal amount of $15,000,000, which note shall be in the form attached hereto as Exhibit A (the “Convertible Note”) and (ii) a warrant to purchase up to 23,193,548 shares of Common Stock at an exercise price of $0.31 per share, which warrant shall be in the form attached hereto as Exhibit B (the “Warrant”).
