Common use of Sale and Purchase of Securities Clause in Contracts

Sale and Purchase of Securities. Subject to the terms and conditions hereof, the Company agrees to sell to the Purchasers, and the Purchasers agree to purchase from the Company, the Preferred Shares at a purchase price of $2.50 per share (the "Per Share Purchase Price"). In addition, Purchasers shall receive 400,000 Warrants exercisable at a price per share of $3.125 (the "Warrant Exercise Price"). The aggregate purchase price for the Preferred Shares and the Warrants shall be $1,000,000.00 (the "Aggregate Purchase Price").

Sale and Purchase of Securities. Subject to the terms and conditions hereof, the Company agrees to sell to the PurchasersPurchaser, and the Purchasers agree Purchaser agrees to purchase from the Company, the Preferred Shares at a purchase price of $2.50 1.125 per share (the "Per Share Purchase Price"). In addition, Purchasers Purchaser shall receive 400,000 1,250,000 Warrants exercisable at a price per share of $3.125 1.41 (the "Warrant Exercise Price"). The aggregate purchase price for the Preferred Shares and the Warrants shall be $1,000,000.00 1,250,000.00 (the "Aggregate Purchase Price").

Sale and Purchase of Securities. Subject to the terms and conditions hereof, the Company agrees to sell to the PurchasersPurchaser, and the Purchasers agree Purchaser agrees to purchase from the Company, the Preferred Shares at a purchase price of $2.50 1.125 per share (the "Per Share Purchase Price"). In addition, Purchasers Purchaser shall receive 400,000 1,250,000 Warrants exercisable at a price per share of $3.125 1.41 (the "Warrant Exercise Price"). The aggregate purchase price for (Page 21 of 81 Pages) the Preferred Shares and the Warrants shall be $1,000,000.00 1,250,000.00 (the "Aggregate Purchase Price").