Subsequent Sales of Notes and Warrants Clause Samples

Subsequent Sales of Notes and Warrants. At any time on or before the 30th day following the Closing Date, the Company may sell up to the balance of the total offering of $400,400, consisting of $400,000 aggregate principal amount of the Notes and Warrants to purchase up to an aggregate of 400,000 shares of Common Stock not sold at the Closing to such persons (the “Additional Purchasers”) as may be approved by the Board of Directors of the Company. The Company may also make subsequent sales of the Notes and Warrants up to the balance of the total offering of an aggregate principal amount of $400,400 of the Notes and Warrants at such later time as may be approved by the Board of Directors of the Company and the Required Purchasers. All such sales made at any additional closings (each an “Additional Closing”), (a) shall be made on the terms and conditions set forth in this Agreement (b) the representations and warranties of the Company set forth in Article 5 shall speak as of the Closing and the Company shall have no obligation to update any such disclosure, and (c) the representations and warranties of the Additional Purchasers in Article 6 hereof shall speak as of such Additional Closing. This Agreement may be amended by the Company without the consent of the Purchasers to revise Annex A to include information relating to Additional Purchasers. Any Notes and Warrants sold pursuant to this Section 2.4 shall be deemed to be “Notes” and “Warrants” for all purposes under this Agreement, and any Additional Purchasers thereof shall be deemed to be “Purchasers” for all purposes under this Agreement.
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Subsequent Sales of Notes and Warrants. The Company may sell and issue additional Notes and Warrants to such future persons and in such amounts as it shall select.
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Related to Subsequent Sales of Notes and Warrants

  • Purchase of Notes and Warrants On the Closing Date (as defined below), the Company shall issue and sell to each Buyer and each Buyer severally agrees to purchase from the Company such principal amount of Notes and number of Warrants as is set forth immediately below such Buyer's name on the signature pages hereto.

  • Purchase and Sale of Notes and Warrants (a) Upon the following terms and conditions, the Company shall issue and sell to the Purchasers, and the Purchasers shall purchase (in the amounts set forth in Exhibit A hereto) from the Company, secured promissory notes in the aggregate principal amount of up to Three Million Dollars ($3,000,000), in substantially the form attached hereto as Exhibit B (the “Notes”). The Company and the Purchasers are executing and delivering this Agreement in accordance with and in reliance upon the exemption from securities registration afforded by Section 4(2) of the U.S. Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder (the “Securities Act”), including Regulation D (“Regulation D”), and/or upon such other exemption from the registration requirements of the Securities Act as may be available with respect to any or all of the investments to be made hereunder. (b) Upon the following terms and conditions and for no additional consideration, each of the Purchasers shall be issued at the Initial Closing Date (as defined below) Warrants, in substantially the form attached hereto as Exhibit C (the “Warrants”), to purchase an aggregate of up to 2,000,000 shares of the Company’s common stock, no par value (the “Common Stock”). The Warrants shall expire seven (7) years following the Initial Closing Date and shall have an exercise price per share equal to the Warrant Price (as defined in the Warrant).

  • Notes and Warrants At or prior to the Closing, the Company shall have delivered to the Purchasers the Notes (in such denominations as each Purchaser may request) and the Warrants (in such denominations as each Purchaser may request).

  • Purchase and Sale of Convertible Debentures 5 2.1 Purchase and Sale; Purchase Price.....................................................5 2.2 Execution and Delivery of Documents; the Closing......................................5 2.3 The Post-Closing......................................................................6

  • Authorization Purchase and Sale Terms of the Private Placement Warrants A. Authorization of the Private Placement Warrants. The Company has duly authorized the issuance and sale of the Private Placement Warrants to the Purchaser.