Common use of Sale and Purchase of Common Stock Clause in Contracts

Sale and Purchase of Common Stock. Subject to the terms and conditions of this Agreement and the Note (as defined below), (i) the Company hereby sells to the Executive One Million Four Hundred Thousand (1,400,000) shares of Common Stock the "Shares") at a purchase price of $0.55 per share (the "Purchase Price"), (ii) and the Executive hereby purchases such Shares from the Company for such Purchase Price. The Executive shall pay the Purchase Price by issuing to the Company, concurrently with the execution and delivery of this Agreement, a promissory note substantially in the form attached as Exhibit A hereto (the "Note"), and the Executive's sole liability to make payments to the Company under this Agreement shall be his liability under the Note. The Shares are duly authorized, validly issued, fully paid and nonassessable, but the Shares are subject to the terms and conditions of this Agreement. The Company issues concurrently herewith a duly executed certificate evidencing the Shares purchased hereunder, with the legends provided for herein, in exchange for the delivery by the Executive of the duly executed Note.

Sale and Purchase of Common Stock. Subject to the terms and conditions of this Agreement and the Note (as defined below), (i) the Company hereby sells to the Executive One Million Four Hundred Thousand Purchaser two million (1,400,0002,000,000) shares of Common Stock (the "Shares") at a purchase price of $0.55 0.50 per share Share, for a total purchase price of $1,000,000.00 (the "Purchase Price"), and (ii) and the Executive Purchaser hereby purchases such Shares from the Company for such Purchase Price. The Executive Purchaser shall pay the Purchase Price by issuing to the Company, concurrently with the execution and delivery of this Agreement, a promissory note substantially in the form attached as Exhibit A hereto (the "Note"), and the ExecutivePurchaser's sole liability to make payments to the Company under this Agreement shall be his satisfied by its liability under the Note. The Shares are duly authorized, validly issued, fully paid and nonassessable, but the Shares are subject to the terms and conditions of this Agreement. The Company issues concurrently herewith a duly executed certificate evidencing the Shares purchased hereunder, with the legends provided for herein, in exchange for the delivery by the Executive Purchaser of the duly executed Note.

Sale and Purchase of Common Stock. Subject to the terms and conditions of this Agreement and the Note (as defined below), (i) the Company hereby sells to the Executive One Million Four Hundred Thousand (1,400,000) shares of Common Stock (the "Shares") at a purchase price of $0.55 per share (the "Purchase Price"), (ii) and the Executive hereby purchases such Shares from the Company for such Purchase Price. The Executive shall pay the Purchase Price by issuing to the Company, concurrently with the execution and delivery of this Agreement, a promissory note substantially in the form attached as Exhibit A hereto (the "Note"), and the Executive's sole liability to make payments to the Company under this Agreement shall be his liability under the Note. The Shares are duly authorized, validly issued, fully paid and nonassessable, but the Shares are subject to the terms and conditions of this Agreement. The Company issues concurrently herewith a duly executed certificate evidencing the Shares purchased hereunder, with the legends provided for herein, in exchange for the delivery by the Executive of the duly executed Note.

Sale and Purchase of Common Stock. Subject to the terms and conditions of this Agreement and the Note (as defined below), (i) the Company hereby sells to the Executive One Million Four Hundred Thousand (1,400,000100,000) shares of Common Stock the "Shares") at a purchase price of $0.55 per share (the "Purchase Price"), (ii) and the Executive hereby purchases such Shares from the Company for such Purchase Price. The Executive shall pay the Purchase Price by issuing to the Company, concurrently with the execution and delivery of this Agreement, a promissory note substantially in the form attached as Exhibit A hereto (the "Note"), and the Executive's sole liability to make payments to the Company under this Agreement shall be his liability under the Note. The Shares are duly authorized, validly issued, fully paid and nonassessable, but the Shares are subject to the terms and conditions of this Agreement. The Company issues concurrently herewith a duly executed certificate evidencing the Shares purchased hereunder, with the legends provided for herein, in exchange for the delivery by the Executive of the duly executed Note.