Common use of The Initial Closing and Subsequent Closings Clause in Contracts

The Initial Closing and Subsequent Closings. The Initial Closing shall take place at the offices of Morse, Barnes-Brown & Pendleton, P.C., Reservoir Place, 1601 Trapelo Xxxx, Wxxxxxx, Xxxxachxxxxxx 00451 (Fax: (781) 622-5933; Xxx: (000) 000-0000) xxxxx xxx xxxxxxx xx xxx Company of suxxxxxxxxons for Xxxxxx xxxx xn aggregate Purchase Price of $100,000. Following the Initial Closing, the Company may at subsequent closings accept additional subscriptions for Shares from investors until such time as the Company has issued Shares with an aggregate Purchase Price equal to $500,000. No Closing shall take place after June 15, 2003 (the "Offering Expiration Date"), except that the Company may, in its sole discretion, extend the Offering Expiration Date an extra thirty days. At the relevant Closing, the Company shall issue and deliver to the Investor a certificate for the Shares being purchased by such Investor.

The Initial Closing and Subsequent Closings. The Initial Closing shall take place at the offices of Morse, Barnes-Brown & Pendleton, P.C., Reservoir Place, 1601 Trapelo Xxxx, Wxxxxxx, Xxxxachxxxxxx 00451 (Fax: (781) 622-5933; Xxx: (000) 000-0000) xxxxx xxx xxxxxxx xx xxx Company of suxxxxxxxxons xx xxxxxxxxxxons for Xxxxxx xxxx xn aggregate Purchase Price of $100,000400,000. Following the Initial Closing, the Company may at subsequent closings accept additional subscriptions for Shares from investors until such time as the Company has issued Shares with an aggregate Purchase Price equal to $500,0002,000,000. No Closing shall take place after June 15November 30, 2003 2002 (the "Offering Expiration Date"), except that the Company may, in its sole discretion, extend the Offering Expiration Date an extra thirty days. At the relevant Closing, the Company shall issue and deliver to the Investor a Note in the principal amount being purchased by such Investor, a certificate for the Shares being purchased by such InvestorInvestor and the Warrant."

The Initial Closing and Subsequent Closings. The Initial Closing shall take place at the offices of Morse, Barnes-Brown & Pendleton, P.C., Reservoir Place, 1601 Trapelo Xxxx, Wxxxxxx, Xxxxachxxxxxx 00451 (Fax: (781) 622-5933; Xxx: (000) 000-0000) xxxxx xxx xxxxxxx xx xxx Company of suxxxxxxxxons for Xxxxxx xxxx xn aggregate Purchase Price of at least $100,000. Following the Initial Closing, the Company may at subsequent closings accept additional subscriptions for Shares from investors until such time as the Company has issued Shares with an aggregate Purchase Price equal to $500,000. No Closing shall take place after June August 15, 2003 (the "Offering Expiration Date"), except that the Company may, in its sole discretion, extend the Offering Expiration Date an extra thirty days. At the relevant Closing, the Company shall issue and deliver to the Investor a certificate for the Shares being purchased by such Investor.

The Initial Closing and Subsequent Closings. The Initial Closing shall take place at the offices of Morse, Barnes-Brown & Pendleton, P.C., Reservoir Place, 1601 Trapelo XxxxRxxx, WxxxxxxWaxxxxx, Xxxxachxxxxxx 00451 Xxxxxchuxxxxx 00051 (Fax: (781) 622-5933; Xxx: (000) 000-0000) xxxxx xxx xxxxxxx xx xxx Company Xompany of suxxxxxxxxons subxxxxxxxxns for Xxxxxx xxxx xn xx aggregate Purchase Price of $100,000400,000. Following the Initial Closing, the Company may at subsequent closings accept additional subscriptions for Shares from investors until such time as the Company has issued Shares with an aggregate Purchase Price equal to $500,0002,000,000. No Closing shall take place after June 15November 30, 2003 2002 (the "Offering Expiration Date"), except that the Company may, in its sole discretion, extend the Offering Expiration Date an extra thirty days. At the relevant Closing, the Company shall issue and deliver to the Investor a Note in the principal amount being purchased by such Investor, a certificate for the Shares being purchased by such InvestorInvestor and the Warrant.