Sale of Note. Subject to the terms and conditions hereof, the ------------ Company will issue and sell to the Purchaser and the Purchaser will buy from the Company the Note for an amount of $3.75 million. Such purchase price shall be paid in the manner set forth in Section 2.2. The number of shares of Common Stock into which the Note is convertible shall be subject to certain adjustment provisions.
Appears in 2 contracts
Sources: Subordinated Convertible Note Purchase Agreement (Odetics Inc), Subordinated Convertible Note Purchase Agreement (Iteris Inc)