Common use of Purchase of Preferred Shares and Warrants Clause in Contracts

Purchase of Preferred Shares and Warrants. The Company shall issue and sell to the Buyers and each Buyer agrees, on a several and not a joint basis, to purchase from the Company such number of shares of Preferred Stock (together with any Preferred Stock issued in replacement thereof or as a dividend thereon or otherwise with respect thereto in accordance with the terms thereof, the "Preferred Shares") and Warrants set forth under Buyer's name on the signature page hereto executed by each Buyer, for an aggregate purchase price of Ten Million U.S. Dollars (the "Purchase Price") and a per share of Preferred Stock purchase price of One Thousand Dollars ($1,000). The issuance, sale and purchase of the Preferred Shares and Warrants shall take place at the closing (the "Closing"), subject to the satisfaction (or waiver) of the conditions thereto set forth in Section 6 and Section 7 below. At the Closing, the Company shall issue and sell to each Buyer and each Buyer shall purchase from the Company Twenty Thousand (20,000) Warrants for each $1,000,000 of Preferred Shares purchased.

Purchase of Preferred Shares and Warrants. The Company shall issue and sell to the Buyers each Buyer and each Buyer agrees, on a several and not a joint basis, severally agrees to purchase from the Company such number of shares of Preferred Stock (together with any Preferred Stock issued in replacement thereof or as a dividend thereon or otherwise with respect thereto in accordance with the terms thereof, the "“Preferred Shares"”) and Warrants Warrants, and at the aggregate purchase price, as is set forth under immediately below such Buyer's ’s name on the signature page hereto executed by each Buyer, for an aggregate purchase price of Ten Million U.S. Dollars (the "Purchase Price") and a per share of Preferred Stock purchase price of One Thousand Dollars ($1,000)pages hereto. The issuance, sale and purchase of the Preferred Shares and the Warrants shall take place at the closing (the "“Closing"”), subject . Subject to the satisfaction (or waiver) of the conditions thereto set forth in Section 6 and Section 7 below. At , at the Closing, the Company shall issue and sell to each Buyer and each Buyer shall purchase from the Company Twenty Thousand (20,000) Warrants for each $1,000,000 the aggregate number of Preferred Shares purchasedand Warrants which such Buyer is purchasing hereunder. The aggregate number of Preferred Shares to be issued at the Closing shall be 6,250 shares. The Warrants to be issued at the Closing consist of 208,333.31Warrants. The aggregate purchase price for the Preferred Shares and the Warrants to be issued at Closing shall be Six Hundred Twenty Five Thousand Dollars ($625,000).

Purchase of Preferred Shares and Warrants. The Company shall issue and sell to the Buyers and the each Buyer agrees, on a several and not a joint basis, to purchase from the Company such number of shares of Preferred Stock (together with any Preferred Stock issued in replacement thereof or as a dividend thereon or otherwise with respect thereto in accordance with the terms thereof, the "Preferred Shares") and Warrants set forth under Buyer's name on the signature page hereto executed by each Buyer, for an aggregate purchase price of Ten Twenty Million U.S. Dollars (the "Purchase Price") and a per share of Preferred Stock purchase price of One Thousand Dollars ($1,000). The issuance, sale and purchase of the Preferred Shares and Warrants shall take place at the closing (the "Closing"), subject to the satisfaction (or waiver) of the conditions thereto set forth in Section 6 and Section 7 below. At the Closing, the Company shall issue and sell to each Buyer the Buyers and each Buyer the Buyers shall purchase from the Company Twenty Thousand (20,000) Warrants for each $1,000,000 of Preferred Shares purchased.