Common use of Sale and Issuance of Units Clause in Contracts

Sale and Issuance of Units. Subject to the terms and conditions of this Agreement, the Purchaser agrees to purchase at the Closing (as defined below), and upon payment of the Purchase Price (as defined below), the Company agrees to sell and issue to the Purchaser up to one (1) unit (the “Units”). Each Unit shall consist of the following: (i) a ten percent (10%) convertible promissory note in substantially the form attached to the agreement as Exhibit A (the “Note”), with a term of one (1) year, which may be convertible into common stock of the Company on the terms stated therein; and, (ii) a common stock purchase warrant, in the form of Exhibit B (the “Warrant”), for the right to purchase that number of shares of Company Common Stock equal to 287,500 shares per Unit purchased, which shall be exercisable immediately and have a three (3) year term with an Exercise Price as stated therein.

Sale and Issuance of Units. Subject to the terms and conditions of this Agreement, the Purchaser agrees to purchase at the Closing (as defined below), and upon payment of the Purchase Price (as defined below), the Company agrees to sell and issue to the Purchaser up to one four (14) unit units (the “Units”). Each Unit shall consist of the following: (i) a ten percent (10%) convertible promissory note in substantially the same form as attached to the agreement as in Exhibit A (the “Note”), with a term of one (1) year, which may be convertible into common stock of the Company on the terms stated therein; and, (ii) a common stock purchase warrant, in the form of attached as Exhibit B (the “Warrant”), for the right to purchase that number of shares of Company Common Stock equal to 287,500 two hundred fifty thousand (250,000) shares per Unit purchased, which shall be exercisable immediately and have a three (3) year term with an Exercise Price as stated therein.

Sale and Issuance of Units. Subject to the terms and conditions of this Agreement, the Purchaser agrees to purchase at the Closing (as defined below), and upon payment of the Purchase Price (as defined below), the Company agrees to sell and issue to the Purchaser up to one (1) unit (the “Units”). Each Unit shall consist of the following: (i) a ten percent (10%) convertible promissory note in substantially the form attached to the agreement as Exhibit A (the “Note”), with a term of one (1) year, which may be convertible into common stock of the Company on the terms stated therein; and, (ii) a common stock purchase warrant, in the form of Exhibit B (the “Warrant”), for the right to purchase that number of shares of Company Common Stock equal to 287,500 212,500 shares per Unit purchased, which shall be exercisable immediately and have a three (3) year term with an Exercise Price as stated therein.

Sale and Issuance of Units. Subject to the terms and conditions of this Agreement, the Purchaser agrees to purchase at the Closing (as defined below), and upon payment of the Purchase Price (as defined below), the Company agrees to sell and issue to the Purchaser up to one (1) unit (the “Units”). Each Unit shall consist of the following: (i) a ten percent (10%) convertible promissory note in substantially the form attached to the agreement as Exhibit A (the “Note”), with a term of one (1) year, which may be convertible into common stock of the Company on the terms stated therein; and, (ii) a common stock purchase warrant, in the form of Exhibit B (the “Warrant”), for the right to purchase that number of shares of Company Common Stock equal to 287,500 162,500 shares per Unit purchased, which shall be exercisable immediately and have a three (3) year term with an Exercise Price as stated therein.