Common use of Purchased Units Clause in Contracts

Purchased Units. Each Purchased Unit shall consist of a $50,000 convertible debenture (each a "Debenture", and collectively the "Debentures"), the form of which is attached hereto as Exhibit A, and a warrant (the "Warrant") to purchase 100,000 shares of Common Stock, par value $0.01 per share, of the Company ("Common Stock"), the form of which is attached hereto as Exhibit B.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Smartserv Online Inc), Securities Purchase Agreement (Smartserv Online Inc)

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Purchased Units. Each Purchased Unit shall consist of a $50,000 100,000 convertible debenture (each a "Debenture", and collectively the "Debentures"), the form of which is attached hereto as Exhibit AB, and a warrant (each a "Warrant", and collectively, the "WarrantWarrants") to purchase 100,000 200,000 shares of Common Stock, par value $0.01 per share, of the Company ("Common Stock"), the form of which is attached hereto as Exhibit B.C.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Smartserv Online Inc), Securities Purchase Agreement (Smartserv Online Inc)

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