Common use of Tranche A Clause in Contracts

Tranche A. Subject to the satisfaction of the terms and conditions of this Agreement, the Purchaser agrees to purchase at the Initial Closing, and the Company agrees to sell and issue to the Purchaser, 2,272,727 shares of Series I Preferred Stock at a purchase price of $2.20 per share of Series I Preferred Stock (“Tranche A” and such Tranche A purchase price the “Tranche A Purchase Price”);