Purchase and Sale Clause Example with 33 Variations from Business Contracts
This page contains Purchase and Sale clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Purchase and Sale. On the Closing Date (as defined below), the Company shall issue and sell to the Buyer and the Buyer agrees to purchase from the Company (i) the Note in the original principal amount of $110,000, and (ii) the Inducement Shares. 1.1. Form of Payment. On the Closing Date, (i) the Buyer shall pay the purchase price of $100,000 (the "Purchase Price") for the Securities to be issued and sold to it at the Closing (as defined below) by wire transfer of immediately available funds to a company account de...signated by the Company, in accordance with the Company's written wiring instructions, against delivery of the Securities, and (ii) the Company shall deliver such duly executed Securities on behalf of the Company, to the Buyer, against delivery of such Purchase Price. 1.2. Closing Date. The date and time of the issuance and sale of the Securities pursuant to this Agreement (the "Closing Date") shall be on or about December 3, 2015, or such other mutually agreed upon time. The closing of the transactions contemplated by this Agreement (the "Closing") shall occur on the Closing Date at such location as may be agreed to by the parties.View More
Variations of a "Purchase and Sale" Clause from Business Contracts
Purchase and Sale. On the Closing Date (as defined below), the Company shall issue and sell to the Buyer and the Buyer agrees to purchase from the Company (i) 266,666 restricted common stock shares. (collectively the Note in the original principal amount of $110,000, and (ii) the Inducement Shares. "Securities"). 1.1. Form of Payment. On the Closing Date, (i) the Buyer shall pay the purchase price of $100,000 (the "Purchase Price") for the Securities to be issued and sold to it at the 1st Closing (as defined below...) in exchange for 133,333 restricted common stock shares and $100,000 (the "Purchase Price") at the 2nd Closing (as defined below) in exchange for 133,333 restricted common stock shares by wire transfer of immediately available funds to a company Company account designated by the Company, in accordance with the Company's written wiring instructions, against delivery of the Securities, and (ii) the Company shall deliver such duly executed Securities on behalf of the Company, to the Buyer, against delivery of such Purchase Price. 1.2. Closing Date. Date(s). The date and time of the issuance and sale of the Securities pursuant to this Agreement (the "Closing Date") for the 1st Closing shall be on or about December 3, 2015, August 31, 2022, or such other mutually agreed upon time. time (the "1st Closing"). The closing 2nd Closing shall be within five days after the filing of the ELOC S-1 Registration Statement underlying the Equity Line of Credit (the "2nd Closing"). The closings of the transactions contemplated by this Agreement (the "Closing") shall occur on the Closing Date Dates at such location as may be agreed to by the parties. View More
Purchase and Sale. On the Closing Date (as defined below), the Company shall issue and sell to the Buyer and the Buyer agrees to purchase from the Company (i) the Note in the original principal amount of $110,000, and $285,000, (ii) the Inducement Shares. Commitment Shares, and (iii) the Warrant. 1.1. Form of Payment. On the Closing Date, (i) the Buyer shall pay the purchase price of $100,000 $285,000 (the "Purchase Price") for the Securities (as defined in this Agreement) to be issued and sold to it at the Closin...g (as defined below) by wire transfer of immediately available funds to a company account designated by the Company, in accordance with the Company's written wiring instructions, against delivery of the Securities, and (ii) the Company shall deliver such duly executed Securities on behalf of the Company, to the Buyer, against delivery of such Purchase Price. On the Closing Date, the Buyer shall withhold a non-accountable sum of $6,500.00 from the Purchase Price to cover the Buyer's legal fees in connection with the transactions contemplated by this Agreement. On the Closing Date, the Company shall pay $28,500.00 to Auctus Fund Management, LLC ("Auctus Management") to cover the Holder's due diligence, monitoring, and other transaction costs incurred for services rendered in connection herewith (the "Transaction Expense Amount"). The Transaction Expense Amount shall be offset against the proceeds of the Note and shall be paid to Auctus Management on the Closing Date. 1.2. Closing Date. The date and time of the issuance and sale of the Securities pursuant to this Agreement (the "Closing Date") shall be on or about December 3, 2015, May 26, 2021, or such other mutually agreed upon time. The closing of the transactions contemplated by this Agreement (the "Closing") shall occur on the Closing Date at such location as may be agreed to by the parties. 1.3. Commitment Shares. On or before the Closing Date, the Company shall issue the Commitment Shares to the Buyer. View More
Purchase and Sale. On the Closing Date (as defined below), the Company shall issue and sell to the Buyer and the Buyer agrees to purchase from the Company the (i) the Note in the original principal amount of $110,000, Two Hundred Fifty Thousand Dollars ($250,000.00) and (ii) the two hundred thousand (200,000) Inducement Shares. (collectively the "Securities"). 1.1. Form of Payment. On the Closing Date, (i) the Buyer shall pay the purchase price of $100,000 Two Hundred Fifty Thousand Dollars ($250,000.00) (the "Pur...chase Price") for the Securities to be issued and sold to it at the Closing (as defined below) by wire transfer of immediately available funds to a company Company account designated by the Company, in accordance with the Company's written wiring instructions, against delivery of the Securities, and (ii) the Company shall deliver such duly executed Securities on behalf of the Company, to the Buyer, against delivery of such Purchase Price. 1.2. Closing Date. The date and time of the issuance and sale of the Securities pursuant to this Agreement (the "Closing Date") shall be on or about December 3, 2015, August 31, 2021, or such other mutually agreed upon time. The closing of the transactions contemplated by this Agreement (the "Closing") shall occur on the Closing Date at such location as may be agreed to by the parties. View More
Purchase and Sale. On the Closing Date (as defined below), the Company shall issue and sell to the Buyer and the Buyer agrees to purchase from the Company the (i) the Note in the original principal amount of $110,000, $400,000.00, (ii) Warrant, and (ii) (iii) Inducement Shares (collectively the "Securities"). The Company shall instruct the Transfer Agent to deliver the Inducement Shares. Shares to Buyer via overnight courier so that they are received by Buyer within seven (7) calendar days of the closing. 1.1. For...m of Payment. On the Closing Date, (i) the Buyer shall pay the purchase price of $100,000 $370,000 (the "Purchase Price") for the Securities to be issued and sold to it at the Closing (as defined below) by wire transfer of immediately available funds to a company Company account designated by the Company, in accordance with the Company's written wiring instructions, against delivery of the Securities, and (ii) the Company shall deliver such duly executed Securities on behalf of the Company, to the Buyer, against delivery of such Purchase Price. 1.2. Closing Date. The date and time of the issuance and sale of the Securities pursuant to this Agreement (the "Closing Date") shall be on or about December 3, 2015, May 29, 2020, or such other mutually agreed upon time. The closing of the transactions contemplated by this Agreement (the "Closing") shall occur on the Closing Date at such location as may be agreed to by the parties. 1.3. Share Reservation. The Company shall at all times require its transfer agent to establish a reserve of shares of its authorized but unissued and unreserved Common Stock in the amount of 6,000,000 shares for purposes of any exercise of the Warrant or any conversion of the Note. The Company shall cause the Transfer Agent to agree that it will not reduce the reserve under any circumstances, unless such reduction is pre-approved in writing by the Buyer. View More
Purchase and Sale. On the Closing Date (as defined below), the Company shall issue and sell to the Buyer and the Buyer agrees to purchase from the Company (i) the Note in the original principal amount of $110,000, $105,000, and (ii) the up to one million eight hundred fifty two thousand (1,852,000) Inducement Shares. Shares and (iii) 1,000,000 (one million) Warrants to purchase shares of Common Stock. (the "Securities"). 1.1. Form of Payment. On the Closing Date, (i) the Buyer shall pay the purchase price of $100,...000 (the "Purchase Price") for the Securities to be issued and sold to it at the Closing (as defined below) by wire transfer of immediately available funds to a company Company account designated by the Company, in accordance with the Company's written wiring instructions, against delivery of the Securities, and (ii) the Company shall deliver such duly executed Securities on behalf of the Company, to the Buyer, against delivery of such Purchase Price. 1.2. Closing Date. The date and time of the issuance and sale of the Securities pursuant to this Agreement (the "Closing Date") shall be on or about December 3, 2015, January 20, 2017, or such other mutually agreed upon time. The closing of the transactions contemplated by this Agreement (the "Closing") shall occur on the Closing Date at such location as may be agreed to by the parties. 1.3. Share Reservation. The Company shall at all times require its transfer agent to establish a reserve of shares of its authorized but unissued and unreserved Common Stock in the amount of at least 40,000,000 shares for purposes of exercise of the Warrant or conversion of the Note. The Company shall cause the Transfer Agent to agree that it will not reduce the reserve under any circumstances, unless such reduction is pre-approved in writing by the Buyer. View More
Purchase and Sale. On the Closing Date (as defined below), the Company shall issue and sell to the Buyer and the Buyer agrees to purchase from the Company (i) one hundred million restricted common shares. (collectively the Note in the original principal amount of $110,000, and (ii) the Inducement Shares. 1.1. "Securities"). 1.1 Form of Payment. On the Closing Date, (i) the Buyer shall pay the purchase price of $100,000 $250,000 (the "Purchase Price") for the Securities to be issued and sold to it at the 1St Closin...g (as defined below) and $250,000 (the "Purchase Price") at the 2nd Closing (as defined below) by wire transfer of immediately available funds to a company Company account designated by the Company, in accordance with the Company's written wiring instructions, against delivery of the Securities, and (ii) the Company shall deliver such duly executed Securities on behalf of the Company, to the Buyer, against delivery of such Purchase Price. 1.2. 1.2 Closing Date. Date(s). The date and time of the issuance and sale of the Securities pursuant to this Agreement (the "Closing Date") for the 1' Closing shall be on or about December 3, 2015, May X, 2022, or such other mutually agreed upon time. The closing 2"" Closing shall be within five days after the filing of the S-1 Registration Statement underlying the Equity Line of Credit. The closings of the transactions contemplated by this Agreement (the "Closing") shall occur on the Closing Date Dates at such location as may be agreed to by the parties. View More
Purchase and Sale. On the Closing Date (as defined below), the Company shall issue and sell to the Buyer and the Buyer agrees to purchase from the Company the (i) the Note in the original principal amount of $110,000, $550,000.00, (ii) Warrant, and (ii) the four hundred thousand Inducement Shares. (collectively the "Securities"). 1.1. Form of Payment. On the Closing Date, (i) the Buyer shall pay the purchase price of $100,000 $500,000 (the "Purchase Price") for the Securities to be issued and sold to it at the Clo...sing (as defined below) by wire transfer of immediately available funds to a company Company account designated by the Company, in accordance with the Company's written wiring instructions, against delivery of the Securities, and (ii) the Company shall deliver such duly executed Securities on behalf of the Company, to the Buyer, against delivery of such Purchase Price. 1.2. Closing Date. The date and time of the issuance and sale of the Securities pursuant to this Agreement (the "Closing Date") shall be on or about December 3, 2015, May 20, 2021, or such other mutually agreed upon time. The closing of the transactions contemplated by this Agreement (the "Closing") shall occur on the Closing Date at such location as may be agreed to by the parties. 1.3. Share Reservation. The Company shall at all times require its transfer agent to establish a reserve of shares of its authorized but unissued and unreserved Common Stock in the amount of 3,000,000 shares for purposes of exercise of the Warrant and conversion of the Note. The Company shall cause the Transfer Agent to agree that it will not reduce the reserve under any circumstances unless such reduction is pre-approved in writing by the Buyer. View More
Purchase and Sale. On the Closing Date (as defined below), the Company shall issue and sell to the Buyer and the Buyer agrees to purchase from the Company the (i) the Note in the original principal amount of $110,000, $164,800.00, (ii) Warrant, and (ii) the one million Inducement Shares. (collectively the "Securities"). 1.1. Form of Payment. On the Closing Date, (i) the Buyer shall pay the purchase price of $100,000 $160,000 (the "Purchase Price") for the Securities to be issued and sold to it at the Closing (as d...efined below) by wire transfer of immediately available funds to a company Company account designated by the Company, in accordance with the Company's written wiring instructions, against delivery of the Securities, and (ii) the Company shall deliver such duly executed Securities on behalf of the Company, to the Buyer, against delivery of such Purchase Price. 1.2. Closing Date. The date and time of the issuance and sale of the Securities pursuant to this Agreement (the "Closing Date") shall be on or about December 3, 2015, July 6, 2020, or such other mutually agreed upon time. The closing of the transactions contemplated by this Agreement (the "Closing") shall occur on the Closing Date at such location as may be agreed to by the parties. 1.3. Share Reservation. The Company shall at all times require its transfer agent to establish a reserve of shares of its authorized but unissued and unreserved Common Stock in the amount of 25,000,000 shares for purposes of exercise of the Warrant or conversion of the Note. The Company shall cause the Transfer Agent to agree that it will not reduce the reserve under any circumstances unless such reduction is pre-approved in writing by the Buyer. View More
Purchase and Sale. On the Closing Date (as defined below), the Company shall issue and sell to the Buyer and the Buyer agrees to purchase from the Company the (i) the Note in the original principal amount of $110,000, $1,050,000.00, (ii) Warrant, and (ii) the one hundred thousand (100,000) Inducement Shares. (collectively the "Securities"). 1.1. Form of Payment. On the Closing Date, (i) the Buyer shall pay the purchase price of $100,000 $1,000,000.00 (the "Purchase Price") for the Securities to be issued and sold ...to it at the Closing (as defined below) by wire transfer of immediately available funds to a company Company account designated by the Company, in accordance with the Company's written wiring instructions, against delivery of the Securities, and (ii) the Company shall deliver such duly executed Securities on behalf of the Company, to the Buyer, against delivery of such Purchase Price. 1.2. Closing Date. The date and time of the issuance and sale of the Securities pursuant to this Agreement (the "Closing Date") shall be on or about December 3, 2015, April 7, 2021, or such other mutually agreed upon time. The closing of the transactions contemplated by this Agreement (the "Closing") shall occur on the Closing Date at such location as may be agreed to by the parties. 1.3. Share Reservation. The Company shall at all times require its transfer agent to establish a reserve of shares of its authorized but unissued and unreserved Common Stock in the amount of 2,500,000 shares for purposes of exercise of the Warrant or conversion of the Note. The Company shall cause the Transfer Agent to agree that it will not reduce the reserve under any circumstances unless such reduction is pre-approved in writing by the Buyer. View More
Purchase and Sale. On the Closing Date (as defined below), the Company shall issue and sell to the Buyer and the Buyer agrees to purchase from the Company (i) the Note in the original principal amount of $110,000, and (ii) the Inducement Shares. Warrant to purchase 500,000 shares of Common Stock, (collectively, the Note, the Warrant and any shares of the Company's Common Stock into which the Warrants shall convert shall be referred to hereinafter as (the "Securities"). 1.1. Form of Payment. On the Closing Date, (i...) the Buyer shall pay the purchase price of $100,000 (the "Purchase Price") for the Securities to be issued and sold to it at the Closing (as defined below) by wire transfer of immediately available funds to a company Company account designated by the Company, in accordance with the Company's written wiring instructions, against delivery of the Securities, and (ii) the Company shall deliver such duly executed Securities on behalf of the Company, to the Buyer, against delivery of such Purchase Price. 1.2. Closing Date. The date and time of the issuance and sale of the Securities pursuant to this Agreement (the "Closing Date") shall be on or about December 3, January 16, 2015, or such other mutually agreed upon time. The closing of the transactions contemplated by this Agreement (the "Closing") shall occur on the Closing Date at such location as may be agreed to by the parties. 1.3. Share Reservation. The Company shall at all times require its transfer agent to establish a reserve of shares of its authorized but unissued and unreserved Common Stock in the amount of 2,500,000 shares for purposes of exercise of the Warrant. The Company shall cause the Transfer Agent to agree that it will not reduce the reserve under any circumstances, unless such reduction is pre-approved in writing by the Buyer. View More
