Common use of Agreement to Subscribe Purchase Price Clause in Contracts

Agreement to Subscribe Purchase Price. 1.1 Buyer hereby subscribes for [written amount of shares] (#) Shares of (ELSI) common stock at ($___) U.S. per share for an aggregate purchase ▇▇▇▇e of [written dollar amount] ($) U.S. payable in United States Dollars. 1.2 Buyer shall pay the purchase price by delivering same day funds in United States Dollars to an escrow agent or as otherwise agreed between the parties, to be delivered to the order of Seller upon Delivery of the Shares. 1.3 This Agreement has been executed in connection with an offering (the "Offering") by Seller of its common stock (including the Shares) pursuant to Regulation S ("Regulation S") promulgated under the Securities Act of 1933, as amended (the "Securities Act"). Buyer will be notified of the date of the conclusion of the Offering.

Agreement to Subscribe Purchase Price. 1.1 (i) Buyer hereby subscribes for [written amount of sharesdollars] (#) Shares U.S. principal amount of (ELSI) common stock at ($___) U.S. per share for an aggregate purchase Debentures, convertible into shares of ELSI c▇▇▇▇e n stock in accordance with the terms set forth in the form of [written dollar amount] ($) U.S. payable in United States DollarsDebenture attached as Exhibit A to this Agreement. 1.2 (ii) Buyer shall pay the purchase price by delivering same day funds in United States Dollars to an escrow agent or as otherwise agreed between the parties, to be delivered to the order of Seller upon Delivery of the SharesDebentures. 1.3 (iii) This Agreement has been executed in connection with an offering (the "Offering") by Seller of its common stock (including the Shares) Debentures pursuant to Regulation S ("Regulation S") promulgated under the Securities Act of 1933, as amended (the "Securities Act"). Buyer will be notified of the date of the conclusion of the Offering.