Document ID: 15520

Text:
(b) Issuance of Common Stock and Warrants. At each Closing provided for in Section 1(c) in respect of a particular Investor, on the terms and subject to the conditions hereof, the Company agrees to issue and sell to such Investor, and such Investor agrees to purchase from the Company, shares of Common Stock and Warrants equal in number to the investment amount (Investment Amount) set forth opposite the respective Investors name on Schedule I divided by the aggregate purchase price for (i) one share of Common Stock and (ii) one Warrant to purchase one additional share of Common Stock (Unit Purchase Price). The Unit Purchase Price shall be $2.50 per unit and shall be the same Unit Purchase Price for all Closings (as defined below). The Warrants shall have a cash and a cashless exercise provision and shall be exercisable at 110% percent of the Unit Purchase Price which exercise price is $2.75 per share. The obligations of the Investors to purchase the Common Stock and Warrants are several and not joint obligations and no Investor shall have any liability to any Person for the performance or non-performance of any obligation by any other Investor hereunder. The aggregate Investment Amounts for the purchase of Common Stock and Warrants hereunder shall not exceed $1,500,000 .

Named Entities:
127
130
Price
166
167
Percentage
178
181
Price
243
248
Principal

Tokenized Text:
(
b
)
Issuance
of
Common
Stock
and
Warrants
.
At
each
Closing
provided
for
in
Section
1
(
c
)
in
respect
of
a
particular
Investor
,
on
the
terms
and
subject
to
the
conditions
hereof
,
the
Company
agrees
to
issue
and
sell
to
such
Investor
,
and
such
Investor
agrees
to
purchase
from
the
Company
,
shares
of
Common
Stock
and
Warrants
equal
in
number
to
the
investment
amount
(
Investment
Amount
)
set
forth
opposite
the
respective
Investors
name
on
Schedule
I
divided
by
the
aggregate
purchase
price
for
(
i
)
one
share
of
Common
Stock
and
(
ii
)
one
Warrant
to
purchase
one
additional
share
of
Common
Stock
(
Unit
Purchase
Price
)
.
The
Unit
Purchase
Price
shall
be
$
2
.
50
per
unit
and
shall
be
the
same
Unit
Purchase
Price
for
all
Closings
(
as
defined
below
)
.
The
Warrants
shall
have
a
cash
and
a
cashless
exercise
provision
and
shall
be
exercisable
at
110
%
percent
of
the
Unit
Purchase
Price
which
exercise
price
is
$
2
.
75
per
share
.
The
obligations
of
the
Investors
to
purchase
the
Common
Stock
and
Warrants
are
several
and
not
joint
obligations
and
no
Investor
shall
have
any
liability
to
any
Person
for
the
performance
or
non-performance
of
any
obligation
by
any
other
Investor
hereunder
.
The
aggregate
Investment
Amounts
for
the
purchase
of
Common
Stock
and
Warrants
hereunder
shall
not
exceed
$
1
,
500
,
000
.