Common use of The Purchases Clause in Contracts

The Purchases. Upon the terms and subject to the conditions set forth in this Agreement, at the Initial Closing and the Subsequent Closing, WallerSutton shall purchase from the Company, and the Company shall sell to WallerSutton, the number of shares of Series A Preferred Stock and Warrants set forth opposite its name on Exhibit B-1 (the “Initial Purchase”) and Exhibit B-2 (the “Subsequent Purchase”), respectively (collectively, the “Purchases”), at the purchase price set forth opposite WallerSutton’s name on each exhibit. The aggregate purchase price to be paid by WallerSutton, based on $.536 per share of Series A Preferred Stock, for the Series A Preferred Stock and Warrants purchased by it hereunder is set forth on Exhibit B-1 and B-2, as the case may be, as “Total Purchase Price” (collectively, the “Purchase Price”). No further payment shall be required from WallerSutton in connection with the Purchases.

The Purchases. Upon the terms and subject to the conditions set forth in this Agreement, at the Initial Closing and the Subsequent ClosingClosings, WallerSutton the Pequot Entities shall purchase from the Company, Company and the Company shall sell to WallerSuttonthe Pequot Entities, the number of shares of Series A D Preferred Stock and Warrants set forth opposite its such entity's name on Exhibit B-1 (the “"Initial Purchase”) and "), Exhibit B-2 (the “"Second Purchase") and Exhibit B-3 (the "Third Purchase" and, together with the Second Purchase, the "Subsequent Purchase”Purchases"), respectively (the Initial Purchase and the Subsequent Purchases collectively, the “"Purchases”"), at the purchase price set forth opposite WallerSutton’s such entity's name on each exhibit. The aggregate purchase price to be paid by WallerSutton, based on $.536 per share of Series A Preferred Stock, the Pequot Entities for the Series A D Preferred Stock and Warrants purchased by it them hereunder is set forth on Exhibit B-1 ▇-▇, ▇-▇ and B-2B-3, as the case may be, as “"Total Purchase Price” " (collectively, the “"Purchase Price”"). No further payment shall be required from WallerSutton in connection with the Purchases.