Common use of Sale and Issuance of Notes Clause in Contracts

Sale and Issuance of Notes. Subject to the terms and conditions of this Agreement, each Purchaser agrees to purchase at the Closing and the Company agrees to sell and issue to Purchaser a Note in the principal amount of . The purchase price of each Note shall be equal to 100% of the principal amount of such Note. The Note shall be convertible into equity securities of the Company as provided for under the Note, and the Warrant shall be exercisable for equity securities of the Company as provided for under the Warrant.

Sale and Issuance of Notes. Subject to the terms and conditions of this Agreement, each Purchaser agrees to purchase at the Closing and the Company agrees to sell and issue to Purchaser a Note in the principal amount of $500,000. The purchase price of each Note shall be equal to 100% of the principal amount of such Note. The Note shall be convertible into equity securities of the Company as provided for under the Note, and the Warrant shall be exercisable for equity securities of the Company as provided for under the Warrant.

Sale and Issuance of Notes. Subject to the terms and conditions of this Agreement, each Purchaser agrees to purchase at the Closing and the Company agrees to sell and issue to Purchaser a Note in the principal amount of $ . The purchase price of each Note shall be equal to 100% of the principal amount of such Note. The Note shall be convertible into equity securities of the Company as provided for under the Note, and the Warrant shall be exercisable for equity securities of the Company as provided for under the Warrant.

Sale and Issuance of Notes. Subject to the terms and conditions of this Agreement, each Purchaser agrees to purchase at the Closing (as defined below), each Investor agrees to purchase, severally and not jointly, and the Company agrees to sell and issue to Purchaser each Investor, a Note in the principal amount of set forth opposite the Investor’s name on Schedule I hereto. The purchase price of each Note shall be equal to 100% of the principal amount of such Note. The Note Notes shall be convertible into equity securities Common Stock at the price of $0.40 per share, subject to adjustment as set forth in the Company as provided for under Notes (the Note, and the Warrant shall be exercisable for equity securities of the Company as provided for under the Warrant“Note Conversion Price”).