Sale of Preferred. Subject to the terms and conditions hereof, the Company will issue and sell to each of the Purchasers at the Closing (as defined below), and the Purchasers will severally buy from the Company at the Closing, the total number of Shares of Preferred specified opposite such Purchaser's name on the Schedule of Purchasers, at the aggregate purchase price set forth on the Schedule of Purchasers. The Company's agreements with each of the Purchasers are separate agreements, and the sales of the Shares to each of the Purchasers are separate sales.
Sale of Preferred. Subject to the terms and conditions hereof, the -------------------- Company will issue and sell to the Purchasers, and the Purchasers will purchase severally, and not jointly, from the Company, up to all of the Shares, (i) of which not less than 10,000 of the Shares (the "Initial Shares') will be sold to the Purchasers at the Initial Closing, as defined below, in the amounts specified opposite the name of each such Purchaser in the column designated "Initial Shares" on the Schedule of Purchasers, at a per share purchase price of $.30, and (ii) of which up to 1,490,000 Shares (the "Additional Shares") may, at the election of the Company, be sold to the Purchasers at one or more additional closings subsequent to the Initial Closing (the "Subsequent Closing(s)'), in the amounts as shall be specified opposite the name of each such Purchaser in the column designated "Additional Shares" on the Schedule of Purchasers, at a per share purchase price of $.30.
Sale of Preferred. 1 SECTION 2 CLOSING DATE; DELIVERY
Sale of Preferred. Subject to the terms and conditions hereof, Investor agrees to purchase and the Company agrees to sell and issue to Investor the number of shares of Preferred set forth opposite Investor's name on Exhibit B at a price of $2.00 per share (nominal value $1.00 per share). The initial amount of shares shall be no less than 2.500 shares ($5,000.00), and thereafter any amount dividable through 1.000 shares ($2,000.00).
Sale of Preferred. 1 SECTION 2 - Closing Dates; Delivery......................................... 1 2.1 Closing Date................................................... 1 2.2 Delivery....................................................... 1 SECTION 3 - Representations and Warranties of the Company................... 2
Sale of Preferred. Subject to the terms and conditions hereof, the ----------------- Company hereby severally issues and sells to each Purchaser and each Purchaser hereby severally buys from the Company the total number of Shares specified opposite such Purchaser's name on the Schedule of Purchasers, at a purchase price of Thirteen Dollars and Thirty Cents ($13.30)
Sale of Preferred. Subject to the terms and conditions of this Agreement, in exchange for the transfer of the Transferred Assets (subject to the Transferred Liabilities and Transferred Contracts) as provided in the Master Agreement between the parties of even date herewith (the "MASTER AGREEMENT"), the Purchaser agrees to purchase at the Closing (as defined below), and the Company agrees to sell and issue to the Purchaser, 17,000,000 shares of the Company's Preferred Stock (the "SHARES" or "PREFERRED") at a price of $1.75 per share.
Sale of Preferred. Subject to the terms and conditions hereof, the Company shall issue and sell to the Purchasers, and each Purchaser agrees, severally, to purchase at the Closing, from the Company, shares of Series B Stock (collectively, the "Shares"), at a purchase price of five dollars ($5.00) per share. The amount to be purchased by each Purchaser and the form of consideration therefor is set forth in the Schedule of Purchasers attached as Schedule 1. The Purchasers that hold Convertible Promissory Notes issued by the Company (the "Purchaser Notes") agree to convert at the Closing, in accordance with Section 3.5 of such Purchaser Note(s), the principal amount of, and accrued interest on, such Purchaser Notes (such principal plus interest, the "Note Amount") into the number of shares of Series B Stock equal to the Note Amount divided by five (5), rounded down to the nearest whole share.
Sale of Preferred. Subject to the terms and conditions hereof, the Company will issue and sell to the Purchaser, and the Purchaser will buy from the Company, Five Hundred Thousand (500,000) shares of Preferred as follows:
Sale of Preferred. Subject to the terms and conditions of this Agreement, in exchange for the cancellation of $6,000,000 in indebtedness of the Company to the Purchaser (the "INDEBTEDNESS"), the Purchaser agrees to purchase at the Closing (as defined below), and the Company agrees to sell and issue to the Purchaser, 6,000,000 shares of the Company's Preferred Stock (the "SHARES" or "PREFERRED").
