Common use of Subsequent Closings Clause in Contracts

Subsequent Closings. On the final business day of each of the eight (8) months beginning in February 2007 and ending in September 2007 (each, a “Funding Date”), the Company shall issue and sell to the Buyers and the Buyers severally agree to purchase from the Company an aggregate of One Hundred Thousand Dollars ($100,000) principal amount of Notes and Warrants to purchase an aggregate of 1,000,000 shares of Common Stock. On each Funding Date, the Buyers will transfer an aggregate of $100,000 by wire transfer of immediately available funds to the Company. In addition, on each Funding Date, an authorized officer of the Company shall deliver to the Buyers a closing certificate in form and substance satisfactory to the Buyers. Notwithstanding the foregoing, either the Company or a majority-in-interest of the Buyers may terminate their obligations under this Section 1(d) upon thirty (30) days written notice to the other party.

Subsequent Closings. On the final business day of each of the eight (8) months month beginning in February 2007 June 2006, or such other date as mutually agreed by Company and ending in September 2007 Buyers (each, a “Funding Date”), the Company shall issue and sell to the Buyers and the Buyers severally agree to purchase from the Company an aggregate of One Hundred Thousand Dollars ($100,000) principal agreed upon amount of Notes Debentures and Warrants subject to purchase an aggregate of 1,000,000 shares of Common Stockthe Company’s needs at such time until the total amount funded to the Company equals $1,500,000 in total principal. On each Funding Date, the Company will issue to the Buyers will transfer an aggregate of $100,000 such Debentures and Warrants by wire transfer of immediately available funds to the Company. In addition, on each Funding Date, an authorized officer of the Company shall deliver to the Buyers a closing certificate in form and substance satisfactory to the Buyers. Notwithstanding the foregoing, either the Company or a majority-in-interest of the Buyers may terminate their obligations under this Section 1(d) upon thirty (30) days written notice to the other party.

Subsequent Closings. On the final business day of each of the eight eleven (8) 11) months beginning in February 2007 April 2005 and ending in September 2007 February 2006 (each, a “"Funding Date”"), the Company shall issue and sell to the Buyers and the Buyers severally agree to purchase from the Company an aggregate of One Hundred and Five Thousand Dollars ($100,000105,000) principal amount of Notes and Warrants to purchase an aggregate of 1,000,000 210,000 shares of Common Stock. On each Funding Date, the Buyers will transfer an aggregate of $100,000 105,000 by wire transfer of immediately available funds to the Company. In addition, on each Funding Date, an authorized officer of the Company shall deliver to the Buyers a closing certificate in form and substance satisfactory to the Buyers. Notwithstanding the foregoing, either the Company or a majority-in-interest of the Buyers may terminate their obligations under this Section 1(d) upon thirty (30) days written notice to the other party.

Subsequent Closings. On the final business day of each of the eight (8) months month beginning in February 2007 January 2006, or such other date as mutually agreed by Company and ending in September 2007 Buyers (each, a “"Funding Date”"), the Company shall issue and sell to the Buyers and the Buyers severally agree to purchase from the Company an aggregate of One Hundred Thousand Dollars ($100,000) principal agreed upon amount of Notes Debentures and Warrants subject to purchase an aggregate of 1,000,000 shares of Common Stockthe Company's needs at such time until the total amount funded to the Company equals $1,500,000 in total principal. On each Funding Date, the Company will issue to the Buyers will transfer an aggregate of $100,000 such Debentures and Warrants by wire transfer of immediately available funds to the Company. In addition, on each Funding Date, an authorized officer of the Company shall deliver to the Buyers a closing certificate in form and substance satisfactory to the Buyers. Notwithstanding the foregoing, either the Company or a majority-in-interest of the Buyers may terminate their obligations under this Section 1(d) upon thirty (30) days written notice to the other party.

Subsequent Closings. On the final business day of each of the eight nine (8) 9) months beginning in February 2007 April 2006 and ending in September 2007 December 2006 (each, a “"Funding Date”"), the Company shall issue and sell to the Buyers and the Buyers severally agree to purchase from the Company an aggregate of One Hundred Thousand Dollars ($100,000) principal amount of Notes and Warrants to purchase an aggregate of 1,000,000 1,600,000 shares of Common Stock. On each Funding Date, the Buyers will transfer an aggregate of $100,000 by wire transfer of immediately available funds to the Company. In addition, on each Funding Date, an authorized officer of the Company shall deliver to the Buyers a closing certificate in form and substance satisfactory to the Buyers. Notwithstanding the foregoing, either the Company or a majority-in-interest of the Buyers may terminate their obligations under this Section 1(d) upon thirty (30) days written notice to the other party.

Subsequent Closings. On the final business day of each of the eight five (8) 5) months beginning in February 2007 and ending in September January 2007 (each, a “Funding Date”), the Company shall issue and sell to the Buyers and the Buyers severally agree to purchase from the Company an aggregate of One Hundred Twenty Five Thousand Dollars ($100,000125,000) principal amount of in Notes for and Warrants to purchase an aggregate of 1,000,000 722,000 shares of Common Stock. On each Funding Date, the Buyers will transfer an aggregate of $100,000 125,000 by wire transfer of immediately available funds to the Company. In addition, on each Funding Date, an authorized officer of the Company shall deliver to the Buyers a closing certificate in form and substance satisfactory to the Buyers. Notwithstanding the foregoing, either the Company or a majority-in-interest of the Buyers may terminate their obligations under this Section 1(d) upon thirty (30) days written notice to the other party.

Subsequent Closings. On the final business day of each of the eight eleven (8) 11) months beginning in February March 2007 and ending in September January 2007 (each, a “"Funding Date”"), the Company shall issue and sell to the Buyers and the Buyers severally agree to purchase from the Company an aggregate of One Hundred Thousand Dollars ($100,000) principal amount of Notes and Warrants to purchase an aggregate of 1,000,000 2,000,000 shares of Common Stock. On each Funding Date, the Buyers will transfer an aggregate of $100,000 by wire transfer of immediately available funds to the Company. In addition, on each Funding Date, an authorized officer of the Company shall deliver to the Buyers a closing certificate in form and substance satisfactory to the Buyers. Notwithstanding the foregoing, either the Company or a majority-in-interest of the Buyers may terminate their obligations under this Section 1(d) upon thirty (30) days written notice to the other party.

Subsequent Closings. On the final business day of each of the eight nine (8) 9) months beginning in February 2007 May 2006 and ending in September January 2007 (each, a “Funding Date”), the Company shall issue and sell to the Buyers and the Buyers severally agree to purchase from the Company an aggregate of One Hundred Thousand Dollars ($100,000) principal amount of Notes and Warrants to purchase an aggregate of 1,000,000 shares of Common StockNotes. On each Funding Date, the Buyers will transfer an aggregate of $100,000 by wire transfer of immediately available funds to the Company. In addition, on each Funding Date, an authorized officer of the Company shall deliver to the Buyers a closing certificate in form and substance reasonably satisfactory to the Buyers. Notwithstanding the foregoing, either the Company or a majority-in-interest of the Buyers may terminate their obligations under this Section 1(d) upon thirty (30) days prior written notice to the other party.

Subsequent Closings. On the final business day of each of the eight (8) months month beginning in February 2007 and ending in September 2007 July 2005 (each, a “"Funding Date”"), the Company shall issue and sell to the Buyers and the Buyers severally agree to purchase from the Company an aggregate of One Hundred Thousand Dollars ($100,000) principal agreed upon amount of Notes Debentures and Warrants subject to purchase an aggregate of 1,000,000 shares of Common Stockthe Company's needs at such time until the total amount funded to the Company equals $1,750,000 in total principal. On each Funding Date, the Company will issue to the Buyers will transfer an aggregate of $100,000 such Debentures and Warrants by wire transfer of immediately available funds to the Company. In addition, on each Funding Date, an authorized officer of the Company shall deliver to the Buyers a closing certificate in form and substance satisfactory to the Buyers. Notwithstanding the foregoing, either the Company or a majority-in-interest of the Buyers may terminate their obligations under this Section 1(d) upon thirty (30) days written notice to the other party.