Common use of Purchase of the Securities Clause in Contracts

Purchase of the Securities. On the Closing Date (as defined below), the Company shall issue and sell to the Lender and the Lender agrees to purchase from the Company the Note as is set forth immediately below the Lender’s name on the signature pages hereto. Notwithstanding the foregoing, ▇▇▇▇▇▇'s option to convert the note into shares of the Company’s common stock cannot occur unless the Company is in default on the note, pursuant to Articles III and IV of the Promissory Note. At the Closing, the Company agrees to reserve shares pursuant to Articles III and IV of the Promissory Note. Such shares are not issued, are not in Lender's name and they are not included in issued and outstanding shares.

Purchase of the Securities. On the Closing Date (as defined defined below), the Company shall issue and sell to the Lender and the Lender lender agrees to purchase from the Company the Note as is set forth immediately below the Lender’s 's name on the signature pages hereto. Notwithstanding the foregoing, ▇▇▇▇▇▇'s option to convert the note into shares of the Company’s 's common stock cannot occur unless the Company is in default on the note, pursuant to Articles III Ill and IV of the Promissory Note. At the Closing, the Company agrees to reserve shares pursuant to Articles III ltl and IV of the Promissory Note. Such shares are not issued, are not in Lender's name and they are not included in issued and outstanding shares.

Purchase of the Securities. On the Closing Date (as defined defined below)}, the Company shall issue and sell to the Lender and the Lender agrees to purchase from the Company the Note as is set forth immediately below the Lender’s name on the signature pages hereto. Notwithstanding the foregoing, ▇▇▇▇▇▇'s option to convert the note into shares of the Company’s 's common stock cannot occur unless the Company is in default on the note, pursuant to Articles III and IV of the Promissory Note. At the Closing, the Company agrees to reserve shares pursuant to Articles III and IV of the Promissory Note. Such shares are not issued, are not in Lender's name and they are not included in issued and outstanding shares.

Purchase of the Securities. On the Closing Date (as defined defined below), the Company shall issue and sell to the Lender and the Lender agrees to purchase from the Company the Note as is set forth immediately below the Lender’s name on the signature pages hereto. Notwithstanding the foregoing, ▇▇▇▇▇▇'s option to convert the note into shares of the Company’s common stock cannot occur unless the Company is in default on the note, pursuant to Articles III and IV of the Promissory Note. At the Closing, the Company agrees to reserve shares pursuant to Articles III and IV of the Promissory Note. Such shares are not issued, are not in Lender's name and they are not included in issued and outstanding shares.