Common use of Purchase of Note and Warrant Clause in Contracts

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 Buyer shall pay the purchase price of $52,000.00 31,500.00 (the “Purchase Price”) for the first tranche of $55,000.00 35,000.00 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 the Company and the Buyer’s discretion, additional amounts (additional tranches) under the Note (with the understanding that the face amount of each tranche would be $55,000.00)Note, 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)Note, the Company shall issue to Buyer as a commitment fee, a common stock purchase warrant to purchase 36,666 an amount of shares of its common stock equal to 100% of the face value of each respective tranche divided by $0.20 (for illustrative purposes, the First Tranche face value is equal to $35,000.00, which resulted in the issuance of a common stock purchase warrant to purchase 175,000 shares of the Company’s common stock (such warrant issuable upon closing of the First Tranche shall be the “First Warrant”)) with an exercise price of $0.20 per share 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 Buyer shall pay the purchase price of $52,000.00 77,000.00 (the “Purchase Price”) for the first tranche of $55,000.00 78,000.00 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)Note, 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)Note, the Company shall issue to Buyer as a commitment fee, a common stock purchase warrant to purchase 36,666 an amount of shares of its common stock equal to 150% of the face value of each respective tranche divided by $1.80 (for illustrative purposes, the First Tranche face value is equal to $78,000.00, which resulted in the issuance of a common stock purchase warrant to purchase 65,000 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 Buyer shall pay the purchase price of $52,000.00 36,500.00 (the “Purchase Price”) for the first tranche of $55,000.00 40,500.00 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)Note, 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)Note, the Company shall issue to Buyer as a commitment fee, a common stock purchase warrant to purchase 36,666 an amount of shares of its common stock equal to 150% of the face value of each respective tranche divided by $12.50 (for illustrative purposes, the First Tranche face value is equal to $40,500.00, which resulted in the issuance of a common stock purchase warrant to purchase 4,860 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).