Common use of Sale and Issuance of Stock Clause in Contracts

Sale and Issuance of Stock. The Company agrees to issue and sell to the Investors, and the Investors agree to purchase from the Company, $12,000,000 of Common Stock at the IPO Price, with each Investor purchasing Common Stock in a dollar amount equal to the Respective Investment Amount set forth opposite such Investor’s name on Exhibit A attached hereto. The respective number of shares of Common Stock to be sold by the Company and purchased by each Investor hereunder (collectively, the “Shares”) shall equal the number of shares determined by dividing the Respective Investment Amount opposite such Investor’s name on Exhibit A attached hereto by the IPO Price (rounded down to the nearest whole share). Payment of the purchase price (which shall be equal to the total number of Shares to be purchased by an Investor, as calculated pursuant to the immediately preceding sentence, multiplied by the IPO Price) for the Shares (the “Purchase Price”) shall be made at the Closing (as defined below) by wire transfer of immediately available funds to the account specified in writing by the Company to the Investors, subject to the satisfaction of the conditions set forth in this Agreement. Payment of the Purchase Price for the Shares shall be made against delivery to the Investors of the Shares, which Shares shall be uncertificated and shall be registered in the names of the Investors on the books of the Company by the Company’s transfer agent.

Sale and Issuance of Stock. The Company agrees to issue and sell to the Investors, and the Investors agree each Investor severally (and not jointly) agrees to purchase from the Company, an aggregate of $12,000,000 45,000,000 (Forty-Five Million Dollars) of Common Stock in such proportion among the Investors as set forth on Schedule A (the “Investment Amount”) at the IPO Price (such purchase price per share to be paid by the Investor pursuant to this sentence, the “Per Share Purchase Price, with each Investor purchasing Common Stock in a dollar amount equal to the Respective Investment Amount set forth opposite such Investor’s name on Exhibit A attached hereto”). The respective number of shares of Common Stock to be sold by the Company and purchased by each the Investor hereunder (collectively, the “Shares”) shall equal the number of shares determined by dividing the Respective Investment Amount opposite such Investor’s name on Exhibit A attached hereto by the IPO Per Share Purchase Price (rounded down to the nearest whole share and reducing the aggregate purchase price by the value of such fractional share). Payment of the aggregate purchase price (which shall be equal to the total number of Shares to be purchased by an Investor, as calculated pursuant to the immediately preceding sentence, multiplied by the IPO Price) for the Shares (the “Purchase Price”) shall be made at the Closing (as defined below) by wire transfer of immediately available funds to the account specified in writing by the Company to the Investors, subject to the satisfaction of the conditions set forth in this Agreement. Payment of the Purchase Price for the Shares shall be made against delivery to the Investors of the Shares, which Shares shall be uncertificated in book entry form and shall be registered in the names name of the Investors on the books of the Company by the Company’s transfer agent.

Sale and Issuance of Stock. The Company agrees to issue and sell to the Investors, and the Investors agree to purchase from the Company, $12,000,000 [ENTER DOLLAR AMOUNT] of Common Stock at the IPO Price, with each Investor purchasing Common Stock in a dollar amount equal to the Respective Investment Amount set forth opposite such Investor’s 's name on Exhibit A attached heretoSchedule 1 to this Agreement. The respective number of shares of Common Stock to be sold by the Company and purchased by each Investor hereunder (collectively, the “"Shares”") shall equal the number of shares determined by dividing the Respective Investment Amount opposite such Investor’s 's name on Exhibit A attached Schedule 1 hereto by the IPO Price (rounded down to the nearest whole share). Payment of the purchase price (which shall be equal to the total number of Shares to be purchased by an Investor, as calculated pursuant to the immediately preceding sentence, multiplied by the IPO Price) for the Shares (the “"Purchase Price”") shall be made at the Closing (as defined below) time of the closing of the IPO by wire transfer of immediately available funds to the account specified in writing by the Company to the Investors, subject to the satisfaction of the conditions set forth in this Agreement. Payment of the Purchase Price for the Shares shall be made against delivery to the Investors of the Shares, which Shares shall be uncertificated and shall be registered in the names of the Investors on the books of the Company by the Company’s 's transfer agent.

Sale and Issuance of Stock. The Company agrees to issue and sell to the Investors, and the Investors agree each Investor severally (and not jointly) agrees to purchase from the Company, an aggregate of $12,000,000 20,000,000 (Twenty Million Dollars) of Common Stock in such proportion among the Investors as set forth on Schedule A (the “Investment Amount”) at the IPO Price (such purchase price per share to be paid by the Investor pursuant to this sentence, the “Per Share Purchase Price, with each Investor purchasing Common Stock in a dollar amount equal to the Respective Investment Amount set forth opposite such Investor’s name on Exhibit A attached hereto”). The respective number of shares of Common Stock to be sold by the Company and purchased by each the Investor hereunder (collectively, the “Shares”) shall equal the number of shares determined by dividing the Respective Investment Amount opposite such Investor’s name on Exhibit A attached hereto by the IPO Per Share Purchase Price (rounded down to the nearest whole share and reducing the aggregate purchase price by the value of such fractional share). Payment of the aggregate purchase price (which shall be equal to the total number of Shares to be purchased by an Investor, as calculated pursuant to the immediately preceding sentence, multiplied by the IPO Price) for the Shares (the “Purchase Price”) shall be made at the Closing (as defined below) by wire transfer of immediately available funds to the account specified in writing by the Company to the Investors, subject to the satisfaction of the conditions set forth in this Agreement. Payment of the Purchase Price for the Shares shall be made against delivery to the Investors of the Shares, which Shares shall be uncertificated in book entry form and shall be registered in the names name of the Investors on the books of the Company by the Company’s transfer agent.