Private Placement

Private Placement. The private placement of units of Pubco to raise gross proceeds of $1,000,000 (raising gross proceeds of a minimum of $250,000 each in four tranches, with the first tranche to be closed on or prior to Closing and followed by a tranche of at least $250,000 in each three-month period thereafter) at an issue price of $1.00 per unit, each unit comprising one share of Pubco Common Stock and one share purchase warrant exercisable into one additional share of Pubco Common Stock at a price of $1.50 for... three years from closing of the investment View More

Private Placement. The purchase by the Noteholder from the Company not less than $2,500,000 of shares of common stock the Company at $0.10 per share, plus a warrant exercisable at $0.10 per share of common stock of the Company, pursuant to a non-brokered private placement pursuant to a Private Placement agreement to be entered into, by and between the Noteholder and the Company, as the same may be amended, restated, supplemented or otherwise modified from time to time in accordance with its terms

Private Placement. The meaning set forth in the Restructuring Agreement