Purchase of Purchased Securities. Subject to the satisfaction (or waiver) of the conditions set forth in Sections 6 and 7 below, the Company shall issue and sell to each Buyer, and each Buyer severally, but not jointly, agrees to purchase from the Company on the Closing Date (as defined below) the following Securities (collectively, the “Purchased Securities”):
(i) the aggregate principal amount of Notes as is set forth opposite such Buyer’s name in column (3) on the Schedule of Buyers; and
(ii) a Warrant exercisable for the aggregate number of Warrant Shares as is set forth opposite such Buyer’s name in column (5) on the Schedule of Buyers.
Purchase of Purchased Securities. Subject to the satisfaction (or waiver) of the conditions set forth in Sections 6 and 7, as applicable, the Company shall issue and sell to each Buyer, and each Buyer severally, but not jointly, agrees to purchase from the Company on the Closing Date (as defined below) the aggregate principal amount of Notes as is set forth opposite such Buyer’s name in column (3) on the Schedule of Buyers (the “Purchased Securities”).
Purchase of Purchased Securities. The Company shall issue and sell to each Buyer, and each Buyer severally, but not jointly, agrees to purchase from the Company on each Closing Date (as defined below) the following Securities (collectively, the “Purchased Securities”):
(i) the aggregate principal amount of Convertible Notes set forth in the Securities Purchase Request (as defined below) for such Closing; provided that such principal amount, together with the aggregate principal amount of all Convertible Notes previously issued and sold to such Buyer hereunder does not exceed the maximum amount as is set forth opposite such Buyer’s name in column (3) on the Schedule of Buyers; and 143704602_8
(ii) a Warrant exercisable for the aggregate number of Warrant Shares equal to 83.33333% (rounded up to the next whole number) of an amount equal to the principal amount of Convertible Notes to be purchased by such Buyer at such Closing.
Purchase of Purchased Securities. 8 Closing...................................................................8 Escrow....................................................................8
Purchase of Purchased Securities. Subject to the terms and -------------------------------- conditions set forth in this Agreement, Purchaser does hereby subscribe for and purchase from Company, and Company agrees to issue and sell to Purchaser, on the Closing Date an aggregate of 29,090,909 shares of Common Stock, the Class C Warrant and the purchase rights granted pursuant to the Equity Protection Agreements. The aggregate purchase price for the Common Stock subscribed for by Purchaser is $16,000,000, payable in full on the Closing Date as follows: $29,090.91 in cash at Closing and $15,970,909.09 pursuant to the Note; and the aggregate purchase price for the Class C Warrant and the purchase rights granted pursuant to the Equity Protection Agreements shall be $200,000 payable on the Closing Date pursuant to the Note. The aggregate principal amount of the Note shall be $16,170,909.09.
Purchase of Purchased Securities. The Company shall issue and sell to each Buyer, and each Buyer severally, but not jointly, agrees to purchase from the Company on the Closing Date (as defined below) the following Securities (collectively, the “Purchased Securities”):
(i) the aggregate principal amount of Convertible Notes as is set forth opposite such Buyer’s name in column (3) on the Schedule of Buyers; and
(ii) a Warrant exercisable for the aggregate number of Warrant Shares as is set forth opposite such Buyer’s name in column (5) on the Schedule of Buyers, at a purchase price equal to $0.13119 per Warrant Share.
Purchase of Purchased Securities. Subject to the terms and conditions set forth in this Agreement, on the Closing Date (as defined below), the Purchaser will purchase from the Company, and the Company will sell to Purchaser (i) twelve million five hundred thousand (12,500,000) shares of Common Stock for a purchase price of $0.06 per share (the "PER SHARE PRICE") for an aggregate purchase price of $750,000 (the "PURCHASE PRICE"). The Purchase Price will be payable in full by Purchaser on the Closing Date in cash by wire transfer of immediately available funds to an account designated by the Company.
Purchase of Purchased Securities. Subject to the satisfaction (or waiver) of the conditions set forth in Sections 6 and 7, the Company shall, in reliance upon the exemptions from securities registration afforded by Section 4(a)(2) of the 1933 Act and Rule 506(b) of Regulation D, issue and sell to each Buyer, and each Buyer severally, but not jointly, agrees to purchase from the Company on the Closing Date (as defined below) the aggregate principal amount of Convertible Notes as is set forth opposite such Buyer’s name in column (3) on the Schedule of Buyers and the aggregate principal amount of Non-Convertible Notes as is set forth opposite such Buyer’s name in column (5) on the Schedule of Buyers (collectively, the “Purchased Securities”).
Purchase of Purchased Securities. Upon the terms and subject to the conditions contained herein, at the Closing, the Inlogic Shareholders will sell and the Canadian Buyer will purchase all of the issued and outstanding shares of Inlogic Software Inc. consisting of 8,555,000 common shares, 685,000 Class A shares, 710,000 Class C shares and 3,564,163 Class D shares and 1,020,000 Inlogic Options (collectively, the "PURCHASED SECURITIES") free and clear of all Encumbrances.
Purchase of Purchased Securities. On the terms and subject to the conditions of this Agreement, and subject to the satisfaction (or, to the extent permitted by applicable Law, waiver by the party entitled to the benefit thereof) of the conditions set forth in Section 5.6 and Section 5.7, each of the Investors hereby agree to subscribe for and purchase from the Issuer and the Parent, as applicable, and each of Issuer and the Parent, as applicable hereby agrees to issue and sell to the applicable Investors, on the Closing Date, free and clear of all Encumbrances (except restrictions imposed by the LLC Agreement, any applicable Securities Laws, as may be imposed by the TSXV, as may be imposed as a result of the application of the securities Laws of any jurisdiction applicable to the Investors, or as are imposed as a result of any actions taken by the Investors), (a) the applicable Purchased Preferred Units from the Issuer, according to the allocation set forth on Schedule I for the portion of the aggregate consideration of Cdn. $19,084,673.57 as indicated on Schedule I, and (b) the applicable Warrants from the Parent, in the allocation set forth on Schedule I for the portion of the aggregate consideration of Cdn. $7,191,326.27 as indicated on Schedule I, (clauses (a) and (b), collectively, the “Proceeds”). Evidence of the issuance of the Purchased Preferred Units and the Warrants shall be credited in the name of the applicable Investor in the books and records of the Issuer and the Parent, as applicable.
