Document ID: 2786

Text:
WHEREAS, the Company desires to issue, and the Purchasers desire to purchase, up to an aggregate of 50,000 units (the Units), each Unit consisting of one share (the Shares) of the Companys Series B Convertible Preferred Stock, par value $0.0001 per share (Series B Preferred Stock), initially convertible into four hundred (400) shares of the Companys common stock, par value $0.0001 per share (Common Stock), and a seven year warrant, substantially in the form attached hereto as Exhibit B (the Warrants) to acquire four hundred (400) shares of Common Stock (the Warrant Shares) at an exercise price of $0.25 per share, in a private placement (this Offering), at a price of $100.00 per Unit for an aggregate purchase price of $5,000,000 .

Named Entities:
20
22
Shares
50
53
Price
80
83
Price
151
154
Price
163
168
Principal

Tokenized Text:
WHEREAS
,
the
Company
desires
to
issue
,
and
the
Purchasers
desire
to
purchase
,
up
to
an
aggregate
of
50
,
000
units
(
the
Units
)
,
each
Unit
consisting
of
one
share
(
the
Shares
)
of
the
Companys
Series
B
Convertible
Preferred
Stock
,
par
value
$
0
.
0001
per
share
(
Series
B
Preferred
Stock
)
,
initially
convertible
into
four
hundred
(
400
)
shares
of
the
Companys
common
stock
,
par
value
$
0
.
0001
per
share
(
Common
Stock
)
,
and
a
seven
year
warrant
,
substantially
in
the
form
attached
hereto
as
Exhibit
B
(
the
Warrants
)
to
acquire
four
hundred
(
400
)
shares
of
Common
Stock
(
the
Warrant
Shares
)
at
an
exercise
price
of
$
0
.
25
per
share
,
in
a
private
placement
(
this
Offering
)
,
at
a
price
of
$
100
.
00
per
Unit
for
an
aggregate
purchase
price
of
$
5
,
000
,
000
.