Common use of Execution of Purchase Agreement Clause in Contracts

Execution of Purchase Agreement. FURTHER RESOLVED, that the Company be and it hereby is authorized to execute the Purchase Agreement providing for the purchase of common stock of the Company having an aggregate value of up to $20,000,000; and FURTHER RESOLVED, that the Company is hereby authorized to issue the Commitment Shares to Aspire as Commitment Shares and that upon issuance of the Commitment Shares pursuant to the Purchase Agreement, the Commitment Shares shall be duly authorized, validly issued, fully paid and non-assessable; and FURTHER RESOLVED, that the Company is hereby authorized to issue shares of Common Stock upon the purchase of Purchase Shares up to the available amount under the Purchase Agreement in accordance with the terms of the Purchase Agreement and that, upon issuance of the Purchase Shares pursuant to the Purchase Agreement, the Purchase Shares will be duly authorized, validly issued, fully paid and non-assessable; and FURTHER RESOLVED, that the officers of the Company be, and each of them hereby is, authorized and directed, for and on behalf of the Company, to execute and deliver one or more stock certificates representing any Aspire Shares sold under the Purchase Agreement in such form as may be approved by such officers, or to cause any such Aspire Shares to be delivered through electronic book entry; and

Execution of Purchase Agreement. FURTHER RESOLVED, that the Company Corporation be and it hereby is authorized to execute the Purchase Agreement providing for the purchase of common stock of the Company Corporation having an aggregate value of up to $20,000,00030,000,000; and FURTHER RESOLVED, that the Company Corporation is hereby authorized to issue the Commitment Shares 600,000 shares of Common Stock to Aspire as Commitment Shares and that upon issuance of the Commitment Shares pursuant to the Purchase Agreement, the Commitment Shares shall be duly authorized, validly issued, fully paid and non-assessablenonassessable with no personal liability attaching to the ownership thereof; and FURTHER RESOLVED, that the Company Corporation is hereby authorized to issue shares of Common Stock upon the purchase of Purchase Shares up to the available amount under the Purchase Agreement in accordance with the terms of the Purchase Agreement and that, upon issuance of the Purchase Shares pursuant to the Purchase Agreement, the Purchase Shares will be duly authorized, validly issued, fully paid and non-assessablenonassessable with no personal liability attaching to the ownership thereof; and FURTHER RESOLVED, that the officers Corporation shall initially reserve 15,000,000 shares of the Company be, and each of them hereby is, authorized and directed, Common Stock for and on behalf of the Company, to execute and deliver one or more stock certificates representing any Aspire issuance as Purchase Shares sold under the Purchase Agreement in such form as may be approved by such officers, or to cause any such Aspire Shares to be delivered through electronic book entry; andAgreement.

Execution of Purchase Agreement. FURTHER RESOLVED, that the Company Corporation be and it hereby is authorized to execute the Purchase Agreement providing for the purchase of common stock of the Company Corporation having an aggregate value of up to $20,000,00025,000,000; and FURTHER RESOLVED, that the Company Corporation is hereby authorized to issue the Commitment Shares to Aspire Capital Fund, LLC as Commitment Shares and that upon issuance of the Commitment Shares pursuant to the Purchase Agreement, the Commitment Shares shall be duly authorized, validly issued, fully paid and non-assessablenonassessable with no personal liability attaching to the ownership thereof; and FURTHER RESOLVED, that the Company Corporation is hereby authorized to issue shares of Common Stock upon the purchase of Purchase Shares up to the available amount under the Purchase Agreement in accordance with the terms of the Purchase Agreement and that, upon issuance of the Purchase Shares pursuant to the Purchase Agreement, the Purchase Shares will be duly authorized, validly issued, fully paid and non-assessablenonassessable with no personal liability attaching to the ownership thereof; and FURTHER RESOLVED, that the officers Corporation shall initially reserve 20,000,000 shares of the Company be, and each of them hereby is, authorized and directed, Common Stock for and on behalf of the Company, to execute and deliver one or more stock certificates representing any Aspire issuance as Purchase Shares sold under the Purchase Agreement in such form as may be approved by such officers, or to cause any such Aspire Shares to be delivered through electronic book entry; andAgreement.

Execution of Purchase Agreement. FURTHER RESOLVED, that the Company be and it hereby is authorized to execute the Purchase Agreement providing for the purchase of common stock of the Company having an aggregate value of up to $20,000,00022,000,000; and FURTHER RESOLVED, that the Company is hereby authorized to issue the Commitment Shares to Aspire as Commitment Shares and that upon issuance of the Commitment Shares pursuant to the Purchase Agreement, the Commitment Shares shall be duly authorized, validly issued, fully paid and non-assessable; and FURTHER RESOLVED, that the Company is hereby authorized to issue shares of Common Stock upon the purchase of Purchase Shares up to the available amount under the Purchase Agreement in accordance with the terms of the Purchase Agreement and that, upon issuance of the Purchase Shares pursuant to the Purchase Agreement, the Purchase Shares will be duly authorized, validly issued, fully paid and non-assessable; and FURTHER RESOLVED, that the officers of the Company be, and each of them hereby is, authorized and directed, for and on behalf of the Company, to execute and deliver one or more stock certificates representing any Aspire Shares sold under the Purchase Agreement in such form as may be approved by such officers, or to cause any such Aspire Shares to be delivered through electronic book entry; and

Execution of Purchase Agreement. FURTHER RESOLVED, that the Company Corporation be and it hereby is authorized to execute the Purchase Agreement providing for the purchase of common stock up to Ten Million Dollars ($10,000,000) of the Company having an aggregate value of up to $20,000,000Corporation’s common stock; and FURTHER RESOLVED, that the Company is hereby authorized to issue the Commitment Shares to Aspire Lincoln Park Capital Fund, LLC, 450,000 shares of Common Stock as Commitment Shares and that upon issuance of the Commitment Shares pursuant to the Purchase Agreement, Agreement the Commitment Shares shall be duly authorized, validly issued, fully paid and non-assessablenonassessable with no personal liability attaching to the ownership thereof; and FURTHER RESOLVED, that the Company Corporation is hereby authorized to issue shares of Common Stock upon the purchase of Purchase Shares up to the available amount Available Amount under the Purchase Agreement in accordance with the terms of the Purchase Agreement and that, upon issuance of the Purchase Shares pursuant to the Purchase Agreement, the Purchase Shares will be duly authorized, validly issued, fully paid and non-assessablenonassessable with no personal liability attaching to the ownership thereof; and FURTHER RESOLVED, that the officers Corporation shall initially reserve 12,500,000 shares of the Company be, and each of them hereby is, authorized and directed, Common Stock for and on behalf of the Company, to execute and deliver one or more stock certificates representing any Aspire issuance as Purchase Shares sold under the Purchase Agreement in such form as may be approved by such officers, or to cause any such Aspire Shares to be delivered through electronic book entry; andAgreement.