Common use of Purchase Shares Clause in Contracts

Purchase Shares. Concurrently with the Initial Closing, the Company shall issue to the investors described on Schedule 13 hereto in the amounts described on Schedule 13 hereto an aggregate of 1,700,000 restricted shares of the Company’s Common Stock (“Purchase Shares”). In connection with the issuance of such Purchase Shares to the investors, the investors make all of the representations and warranties contained in Section 4 of this Agreement and the Company makes all of the representations and warranties and undertakes all of the covenants contained in Sections 5, 9 and 10 of this Agreement. Furthermore, in connection with such Purchase Shares, the investors are granted all of the registration rights contained in Section 11 of this Agreement.

Purchase Shares. Concurrently with the Initial Closing, the Company shall issue to the investors described on Schedule 13 hereto in the amounts described on Schedule 13 hereto an aggregate of 1,700,000 restricted shares of the Company’s Common Stock (““ Purchase Shares”). In connection with the issuance of such Purchase Shares to the investors, the investors make all of the representations and warranties contained in Section 4 of this Agreement and the Company makes all of the representations and warranties and undertakes all of the covenants contained in Sections 5, 9 and 10 of this Agreement. Furthermore, in connection with such Purchase Shares, the investors are granted all of the registration rights contained in Section 11 of this Agreement.