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, at the Closing (as defined below), each Investor agrees to purchase, severally and not jointly, and the Company agrees to sell and issue to each Investor, a Note in the principal amount set forth opposite the Investor’s name on Schedule I hereto. The Notes shall be convertible into Common Stock at the price of $0.40 per share, subject to adjustment as set forth in the Notes (the “Note Conversion Price”).

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 each Investor, Purchaser a Note in the principal amount set forth opposite the Investor’s name on Schedule I heretoof $ . The Notes purchase price of each Note shall be equal to 100% of the principal amount of such Note. The Note shall be convertible into Common Stock at equity securities of the price Company as provided for under the Note, and the Warrant shall be exercisable for equity securities of $0.40 per share, subject to adjustment the Company as set forth in provided for under the Notes (the “Note Conversion Price”)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 each Investor, Purchaser a Note in the principal amount set forth opposite the Investor’s name on Schedule I heretoof $500,000. The Notes purchase price of each Note shall be equal to 100% of the principal amount of such Note. The Note shall be convertible into Common Stock at equity securities of the price Company as provided for under the Note, and the Warrant shall be exercisable for equity securities of $0.40 per share, subject to adjustment the Company as set forth in provided for under the Notes (the “Note Conversion Price”)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 each Investor, Purchaser a Note in the principal amount set forth opposite the Investor’s name on Schedule I heretoof . The Notes purchase price of each Note shall be equal to 100% of the principal amount of such Note. The Note shall be convertible into Common Stock at equity securities of the price Company as provided for under the Note, and the Warrant shall be exercisable for equity securities of $0.40 per share, subject to adjustment the Company as set forth in provided for under the Notes (the “Note Conversion Price”)Warrant.