Sale and Issuance of Securities. (a) The Company shall sell to the Investors and the Investors shall purchase from the Company, up to 113 units (the "Units") at a price per Unit equal to the product of the Share Price and 20,000 or a total of (x) 2,260,000 Shares (the "Purchased Shares") and (y) Warrants to purchase up to an aggregate of 3,390,000 shares of Common Stock (the "Purchased Warrants" and collectively with the Purchased Shares, the "Securities"), for an aggregate purchase price of up to $1,130,000.
Sale and Issuance of Securities. Subject to the terms and conditions of this Agreement, the Investor agrees to purchase at the Closing (as defined in Section 1.2), and the Company agrees to sell and issue to the Investor at the Closing, 2,500,000 shares of the Company’s Common Stock, $.01 par value per share (the “Shares”) and a warrant, in the form attached as Exhibit B (the “Warrant”), to purchase 2,500,000 shares of Common Stock at an exercise price of $.90 per share (the “Warrant Shares”) for a purchase price of$.40per Share and Warrant, for the aggregate purchase price of $1,000,000 (the “Purchase Price”). Such Shares together with the Warrants, are collectively referred to herein as the “Securities”.
Sale and Issuance of Securities. Subject to the terms and conditions of this Agreement, upon closing of this Agreement, the Investor agrees to purchase at the Closing (as defined below), and the Company agrees to issue from its authorized but unissued capital stock and to sell to the Investor at the Closing, 2,500,000 shares (the AShares@) of the Company's common stock, $.001 par value per share (the ACommon Stock@).
Sale and Issuance of Securities. The Company shall sell to the Investors and the Investors shall purchase from the Company, an aggregate of (x) _____ Shares (the “Purchased Shares”) and (y) Warrants to purchase an aggregate of _____ shares of Common Stock (the “Purchased Warrants” and, collectively with the Purchased Shares, the “Securities”), for an aggregate purchase price of US$______.
Sale and Issuance of Securities. Subject to the terms and conditions of this Agreement, the Company agrees to sell to the Investor and the Investor agrees to purchase from the Company a total of 3,280,000 Shares (the "Newly Issued Shares") for an aggregate purchase price of $3,444,000, or $1.05 per share, in cash. Subject to the terms and conditions of this Agreement, including the Shareholder Approval Requirements set forth at Section 1.2 below, the Company also agrees to issue to the Investor the following warrants for the purchase of the Company's Common Stock: (i) a warrant for the purchase of 2,860,000 shares at a purchase price of $1.05 per share; (ii) a warrant for the purchase of 3,000,000 shares at a price of $1.12. per share; and (iii) a warrant for the purchase of 2,860,000 shares at a price of $1.25 per share (collectively, the "Warrants"). The Warrants shall have a term of five years from the date of issuance. The Warrants shall be in substantially the form attached to this Agreement as Exhibit A. The purchase price for the Newly Issued Shares, the exercise price for the Warrants, the number of Newly Issued Shares to be purchased hereunder and the number of shares of Common Stock obtainable upon exercise of the Warrants shall be subject to adjustment if the Company (i) at any time subdivides (by any stock split, stock dividend, recapitalization or otherwise) one or more classes of its outstanding shares of Common Stock into a greater number of shares, in which case the purchase price for the Newly Issued Shares and the exercise price for the Warrants in effect immediately prior to such subdivision shall be proportionately reduced and the number of Newly Issued Shares to be purchased hereunder and the number of shares of Common Stock obtainable upon exercise of the Warrants shall be proportionately increased or (ii) if the Company at any time combines (by reverse stock split or otherwise) one or more classes of its outstanding shares of Common Stock into a smaller number of shares, the purchase price for the Newly Issued Shares and the exercise price for the Warrants in effect immediately prior to such combination shall be proportionately increased and the number of Newly Issued Shares to be purchased hereunder and the number of shares of Common Stock obtainable upon exercise of the Warrants shall be proportionately decreased.
Sale and Issuance of Securities. (a) The Company shall sell to the Investors and the Investors shall purchase from the Company, up to 600,000 Units, at a price per Unit equal to $6.40. The Shares sold as part of the Units are referred to as the "Purchased Shares" and the Unit Warrants sold as part of the Units are referred to as the "Purchased Warrants" and collectively with the Purchased Shares, the "Securities"."
Sale and Issuance of Securities. Subject to the terms and ------------------------------- conditions of this Agreement, including without limitation Sections 1.2 and 5 hereof, on the Closing Date (defined below), each Investor agrees, severally and not jointly, to purchase and the Company agrees to sell and issue to each Investor for the purchase price set forth opposite such Investor's name on Schedule A hereto (1) that number of shares of the Company's common stock, par ---------- value $0.01 per share (the "Common Stock"), set forth opposite such Investor's name on Schedule A hereto and (2) a Warrant of the Company in the form of ---------- Exhibit A hereto (a "Warrant") for a number of shares of Common Stock equal to --------- that number of shares of Common Stock purchased by such Investor pursuant to this Section 1.1 (the "Closing"). Each unit, consisting of one share of Common Stock and a warrant to purchase one share of Common Stock, shall have a purchase price of $1.00. The shares of the Common Stock purchased pursuant to this Section 1.1 hereinafter are referred to as the "Shares" and the Shares, the Warrants and any Converted Shares (as defined below) hereinafter collectively are referred to as the "Securities," and the purchase price paid by each Investor at the Closing pursuant to this Section 1.1 hereinafter is referred to as the "Purchase Price." Any shares of Common Stock issued by the Company to an Investor upon such Investor's exercise of a Warrant thereafter shall be referred to throughout this Agreement as "Converted Shares."
Sale and Issuance of Securities. (a) The Company shall sell to the Investors, and the Investors shall purchase from the Company, Preferred Shares at a price equal to $100.00 per share, from time to time as set forth in more detail below.
Sale and Issuance of Securities. Subject to the terms and ------------------------------- conditions of this Agreement, on the Closing Date (defined below) the Investor agrees to purchase and the Company agrees to sell and issue to the Investor Fifteen Thousand Three Hundred Eighty-Four (15,384) shares of the Company's Common Stock for a purchase price of Ten Thousand Dollars ($10,000.00), being $0.65 per share (the "Closing"). The shares of the Company's Common Stock purchased pursuant to this Section 1.1 are hereinafter referred to as the "Shares" and the "Securities," and the purchase price paid pursuant to this Section 1.1 is hereinafter referred to as the "Purchase Price."
Sale and Issuance of Securities. Subject to the satisfaction of certain closing conditions set forth in Sections 4 and 5 hereof at the Closing (as defined below), the Company shall issue and sell to the Investor, and such Investor shall purchase, severally and not jointly, from the Company , an aggregate of 49,541 Units at a purchase price of US$1.09 per each Unit.
