Common use of Sale of the Note Clause in Contracts

Sale of the Note. Subject to the terms and conditions of this Agreement, the Purchaser agrees to lend to the Company US$500,000 and the Company agrees to issue to the Purchaser upon delivery by the Purchaser to the Company of the aggregate consideration therefore, a Note in such principal amount. The shares of the Company's Common Stock issued or issuable upon exercise of the Notes are referred to herein as the "Note Stock."

Sale of the Note. Subject to the terms and conditions of this Agreement, the Purchaser agrees to lend to the Company US$500,000 515,532 and the Company agrees to issue to the Purchaser upon delivery by the Purchaser to the Company of the aggregate consideration therefore, a Note in such principal amount. The shares of the Company's Common Stock issued or issuable upon exercise of the Notes are referred to herein as the "Note Stock."