Common use of Sale and Purchase of Class C Shares Clause in Contracts

Sale and Purchase of Class C Shares. Subject to the terms and conditions set forth in this Agreement, at the Closing provided for in paragraph 1.d. below, the Company shall sell to Purchaser, and Purchaser shall buy from the Company, One Hundred Sixty Two Thousand Two Hundred Thirty-Two (162,232) Class C Shares for an aggregate purchase price of Five Hundred Thousand Dollars ($500,000). The Class C Shares, together with the Class C Common Stock previously issued to Purchaser, shall represent at the time of issuance 7.10% of all outstanding common stock of the Company on a fully diluted basis (i.e. calculated as if all outstanding options, warrants or other rights to acquire or purchase shares of the Company's common stock, had been exercised).

Sale and Purchase of Class C Shares. Subject to the terms and conditions set forth in this Agreement, at the Closing provided for in paragraph 1.d. below, the Company shall sell to Purchaser, and Purchaser shall buy from the Company, One Eight Hundred Sixty Two Seventy Five Thousand Two Hundred Thirty-Two (162,232875,000) Class C Common Shares for an aggregate purchase price of Five One Million Seven Hundred Fifty Thousand Dollars ($500,0001,750,000). The Class C Shares, together with the Class C Common Stock previously issued to Purchaser, Shares shall represent at the time of issuance 7.106.5029% of all outstanding common stock of the Company on a fully diluted basis (i.e. calculated as if all outstanding options, warrants or other rights to acquire or purchase shares of the Company's common stock, had been exercised).

Sale and Purchase of Class C Shares. Subject to the terms and conditions set forth in this Agreement, at the Closing provided for in paragraph 1.d. below, the Company shall sell to Purchaser, and Purchaser shall buy from the Company, One Hundred Sixty Two Eighty Three Thousand Two Seven Hundred Thirty-Thirty Two (162,232183,732) Class C Common Shares for an aggregate purchase price of Five One Million Seven Hundred Fifty Thousand Dollars ($500,0001,750,000). The Class C Shares, together with the Class C Common Stock previously issued to Purchaser, Shares shall represent at the time of issuance 7.107.0% of all outstanding common stock of the Company on a fully diluted basis (i.e. calculated as if all outstanding options, warrants or other rights to acquire or purchase shares of the Company's common stock, had been exercised).basis