Common use of Purchase of the Note Clause in Contracts

Purchase of the Note. Subject to the terms of this Agreement, for consideration of Seven Hundred Fifty Thousand Dollars ($750,000.00) (the “Consideration”) to be paid at the Closing (as hereinafter defined), the Purchaser agrees to subscribe for and purchase from the Company on the Closing Date (as hereinafter defined), and the Company agrees to issue and sell to the Purchaser, the Note.

Purchase of the Note. Subject to the terms of this Agreement, for consideration of Seven Hundred Fifty Thousand up five hundred thousand Dollars ($750,000.00500,000) in cash (the “Consideration”), with ten thousand dollars ($10,000) withheld from the Consideration to be cover Purchaser’s legal fees, paid at on the Closing Issue Date (as hereinafter defineddefined in the Note), the Purchaser agrees to subscribe for and purchase from the Company on the Closing Date (as hereinafter defined), and the Company agrees to issue and sell to the Purchaser, the Note.