Purchase and Sale of the Note. Subject to the terms and conditions of this Agreement, and in reliance upon the representations and warranties set forth in this Agreement, you agree to purchase from the Company, and the Company agrees to issue and sell to you, a Note, in the aggregate principal amount of not less than $100,000, you have designated on the signature page of this Agreement, upon delivery by you, at or prior to the Closing Date, of the purchase price specified in Section 3. The Company will initially issue to you one Note registered in your name and payable to you in the aggregate principal amount of the Note being purchased by you.
Purchase and Sale of the Note. Subject to the terms and conditions in this Agreement, on the Effective Date, the Company agrees to sell to Purchaser, and Purchaser agrees to purchase from the Company, the Note in the form attached as Exhibit A, for a purchase price equal to the Principal Amount (the “Purchase Price”).
Purchase and Sale of the Note. 6
Section 2.1 Sale and Issuance of the Notes 6
Section 2.2 Closing 6 Section 2.3 NDRC Post-issuance Filing 7 Section 2.4 Conditions of the Obligations of the Purchasers 7 Section 2.5 Indemnification and Contribution 9
Purchase and Sale of the Note. In reliance upon the representations of the Company contained in Section 1.6 and of the representations of the Lender contained in Section 1.7, and subject to the terms and conditions set forth herein, the Company shall issue to the Lender the Note and the Lender shall lend to the Company at the Closings (as defined in Section 1.4) up to the maximum aggregate principal amount of Five Million United States Dollars (US$5,000,000) (the "Maximum Loan Commitment Amount").
Purchase and Sale of the Note. Subject to the terms and conditions hereof and in reliance on the representations and warranties contained herein, or made pursuant hereto, the Company will issue and sell to the Purchaser, and the Purchaser will purchase from the Company at the closing of the transactions contemplated hereby (the “Closing”), the Note for in exchange for the Exchanged Shares.
Purchase and Sale of the Note. The sale and purchase of the Note (the “Closing”) shall take place at such place and time as the Company and the Lender may determine, but in no event later than September 10, 2019. At the Closing, the Company will deliver to the Lender the Note, against receipt by the Company of [________] Dollars ($[_______]) in immediately available funds. The Note will be registered in the Lender’s name in the Company’s records.
Purchase and Sale of the Note. Subject to the terms and conditions of this Agreement, on the Closing Date, the Investor shall purchase, and the Company shall sell and issue to the Investor, the Note in the principal amount of Five Million Dollars ($5,000,000) in exchange for the Purchase Price.
Purchase and Sale of the Note. Subject to the terms and conditions of this Agreement, the Purchaser agrees to purchase, and the Company agrees to sell and issue to the Purchaser, a Note in the principal amount set forth on the signature page hereto.
Purchase and Sale of the Note. 1.1 Subject to the terms and conditions contained in this Agreement, at the Closing (as hereinafter defined) the Purchaser shall purchase from the Company and the Company shall sell to the Purchaser the Note for $100,000.00 (ONE HUNDRED THOUSAND DOLLARS AND 00/100) (the "Loan Amount") which shall be payable via wire transfer to the Company's designated account (not later than the Closing Date).
1.2 The Note shall be repaid, along with all accrued and unpaid interest, as follows:
(a) All sums due and payable shall be repaid by the Company on the earlier of (1) the first closing of a private placement of the Company's debt or equity securities, or (2) 120 days from the Closing Date (the "Maturity Date").
(b) Notwithstanding the foregoing, the Company agrees to remit to the Purchaser $25,000 per month out of proceeds to be received by the Company pursuant to an agreement between Delta Airlines and the Company until the Loan Amount, plus any accrued but unpaid interest, is repaid in full.
1.3 The Note shall bear interest at the rate of 15% per annum based on a 360-day year, 30 days' worth of which shall be paid by the Company in advance on the Closing Date. The interest paid shall be non-refundable in the event of early repayment.
1.4 As additional consideration, the Purchaser shall receive the sum of $5,000 by the Company, which shall be payable on the Closing Date, representing five (5) points of the total amount of the Note.
1.5 The Purchaser shall have the right to convert the Loan Amount plus any accrued but unpaid interest in whole or in part into shares of the Company's common stock, par value $0.001 per share ("Common Stock") at a conversion rate of $0.50 per share (such shares, the "Conversion Shares").
Purchase and Sale of the Note. 1.1 Subject to the terms and conditions contained in this Agreement, at the Closing (as hereinafter defined) the Purchaser shall purchase from the Company and the Company shall sell to the Purchaser the Note for the amount set forth on the signature page to this Agreement (the "Loan Amount") which shall be payable via wire transfer to the Company's designated account (not later than the Closing Date).
1.2 The Note shall be repaid, along with all accrued and unpaid interest, on the earlier of (1) the first closing of a private placement of the Company's debt or equity securities, or (2) 120 days from the Closing Date (the "Maturity Date").
1.3 The Note shall bear interest at the rate of 15% per annum based on a 360-day year. Any prepaid interest shall be non-refundable in the event of early repayment.
1.4 As additional consideration, the Purchaser shall receive the sum of $1,250 by the Company, which shall be payable on the Closing Date, representing five (5) points of the total amount of the Note.
1.5 The Purchaser shall have the right to convert the Loan Amount plus any accrued but unpaid interest in whole or in part into shares of the Company's common stock, par value $0.001 per share ("Common Stock") at a conversion rate of $0.50 per share (such shares, the "Conversion Shares").
