Common use of SALE AND ISSUANCE OF THE NOTE Clause in Contracts

SALE AND ISSUANCE OF THE NOTE. Subject to the terms and conditions of this Agreement, the Purchaser agrees to purchase and the Company agrees to sell and issue to Purchaser a convertible promissory note (the "NOTE") in the original principal amount of ___________________ (the "PURCHASE PRICE"). The Note shall be in the form attached to this Agreement as EXHIBIT B. Immediately following the execution of this Agreement, the Company shall deliver the Note to the Purchaser and the Purchaser shall deliver to the Company the amount of the Purchase Price for such Note in immediately available funds.

SALE AND ISSUANCE OF THE NOTE. Subject to the terms and conditions of this Agreement, the Purchaser agrees to purchase and the Company agrees to sell and issue to Purchaser a convertible promissory note (the "NOTE") in the original principal amount of ___________________ $300,000 (the "PURCHASE PRICE")) made up of $150,000 from each of the two entities listed below. The Note shall be in the form attached to this Agreement as EXHIBIT B. Immediately following the execution of this Agreement, the Company shall deliver the Note to the Purchaser and the Purchaser shall deliver to the Company the amount of the Purchase Price for such Note in immediately available funds.