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 the (i) the Note in the original principal amount of $110,000, $275,000.00 and (ii) the five 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 $250,000 (the "Purchase Price") for the Securities to be issued and sold to it at the Closing (as define...d 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 27, 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 8,000,000 shares for purposes of 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, $103,000.00, (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 $100,000.00 (the "Purchase Price") for the Securities to be issued and sold to it at the Closing (a...s 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 13, 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, $110,000.00 and (ii) the one hundred thirty-eight 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 (the "Purchase Price") for the Securities to be issued and sold to it at the Closing (as def...ined 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 12th, 2023, 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 1,200,000 shares for purposes of 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, $113,000.00 and (ii) the one 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 $103,000 (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, April 15, 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 2,000,000 shares for purposes of 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, $110,000.00 and (ii) the three 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 (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, March 7th, 2023, 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 1,200,000 shares for purposes of 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, $38,500, 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 $35,000 (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 c...ompany 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, October 28, 2016, or such other mutually agreed upon time. The closing of the transactions contemplated by this Agreement (the "Closing") 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 1,250,000 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, $66,000, and (ii) the one million Inducement Shares. 1.1. Form of Payment. On the Closing Date, (i) the Buyer shall pay the purchase price of $100,000 $60,000 (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, September 15, 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 at least 10,000,000 shares for purposes of 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, $38,500, 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 $35,000 (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 c...ompany 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 27, 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 1,000,000 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) the Note in the original principal amount of $110,000, $182,926.83 and (ii) the Inducement Shares. Warrant to purchase 318,134 shares of Common Stock. 1.1. Form of Payment. On the Closing Date, (i) the Buyer shall pay the purchase price of $100,000 $164,634.15 (the "Purchase Price") for the Securities (as defined in this Agreement) to be issued and sold to i...t at the Closing (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. 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 24, 2022, 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 (i) the Note in the original principal amount of $110,000, and (ii) the Inducement Shares. Common Stock (tthe "Securities"). 1.1. Form of Payment. On the Closing Date, (i) the Buyer shall pay the purchase price of $100,000 Four Hundred and Ninety Five Thousand and no/100 U.S. Dollares, ($495,000.00) (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. 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, May 5, 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
