Common use of Sale and Issuance of Series A Preferred Stock Clause in Contracts

Sale and Issuance of Series A Preferred Stock. Subject to the terms of this Agreement, the Purchaser hereby purchases and the Company hereby sells and issues to the Purchaser 80,000 shares of the Series A Preferred Stock, par value $1,000.00 per share (the “Preferred Stock”), of the Company at a purchase price per share of $1,000.00 (the “Price Per Share”). The shares of Preferred Stock issued to the Purchaser pursuant to this Agreement shall be referred to in this Agreement as the “Shares”.

Sale and Issuance of Series A Preferred Stock. Subject to the --------------------------------------------- terms and conditions of this Agreement, the Purchaser hereby purchases agrees to purchase, and the Company hereby sells agrees to sell and issues issue to the Purchaser Purchaser, 80,000 shares of the Company's Convertible Series A Preferred Stock, $.001 par value $1,000.00 per share (the “"Series A Preferred Stock”), of the Company ") at a purchase price per share of $1,000.00 6.25 per share, or an aggregate purchase price of $500,000 (the “Price Per Share”"Purchase Price"). The shares of Series A Preferred Stock issued to the Purchaser pursuant to this Agreement shall be purchased hereunder are hereafter referred to in this Agreement as the “"Shares”."

Sale and Issuance of Series A Preferred Stock. Subject Upon the terms and subject to the terms of conditions set forth in this Agreement, at the Purchaser hereby purchases Closing, Seller shall issue and the Company hereby sells sell to Buyer, and issues to the Purchaser 80,000 Buyer shall purchase from Seller, 1,000,000 shares of the Series A Preferred Stock, par value $1,000.00 per share (the “Preferred Stock”), of the Company at a purchase price per share of $1,000.00 (the “Price Per Share”). The shares of Preferred Stock issued to the Purchaser pursuant to this Agreement shall be referred to in this Agreement as the “Shares”), for the purchase price specified in Section 2.2 (the “Share Purchase”).

Sale and Issuance of Series A Preferred Stock. Subject The Company shall sell to the terms of this Agreement, the Purchaser hereby purchases Investors and the Company hereby sells and issues to Investors shall purchase from the Purchaser 80,000 Company, at a price of $10.00 per share, a total of 100,000 shares of the Series A Preferred Stock, par value $1,000.00 per share (the “Preferred Stock”), of the Company at a purchase price per share of $1,000.00 (the “Price Per Share”). The shares of Series A Preferred Stock issued to be sold by the Purchaser Company pursuant to this Agreement shall be are referred to in this Agreement herein as the “"Purchased Shares”". The number of Purchased Shares to be purchased by each Investor from the Company is set forth opposite the name of such Investor on Schedule A hereof subject to acceptance, in whole or in part, by the Company.