Example ContractsClausesconditions to the investor’s obligation to purchase shares of common stockVariants
Conditions to the Investor’s Obligation to Purchase Shares of Common Stock
Conditions to the Investor’s Obligation to Purchase Shares of Common Stock contract clause examples

Investors will purchase the number of units (theUnits”) set forth on the signature page to the Subscription Agreement at a purchase price of $25,000 per Unit. Each Unit consists of 100,000 shares of Common stock, (theSeries A Preferred” or “Shares”), of MCig, Inc., a Nevada corporation (theCompany”) and a five-year warrant, with an exercise price of $0.50 per share, (theWarrants”) to purchase 50,000 shares of Common Stock. The subscription for the Units will be made in accordance with and subject to the terms and conditions of the Subscription Agreement and the Memorandum (as defined in the Subscription Agreement).

Subscription. I hereby offer to purchase ​ units (“Units”) of MCig, Inc.,, a Nevada corporation (theCompany”), each Unit consisting of 50,000 shares of Common Stock of the Company at $25,000 per Unit, in the amount set forth below, pursuant to a private offering (“Offering”) of securities through the Company. The Units and their underlying Series A Convertible Preferred Stock are, depending upon the circumstances, referred to herein as theSecurities.”

TERMS OF OFFERING: The units (theUnits”), each Unit being comprised of 100,000 shares of Common Stock of MCig, Inc., at $0.25 per share, and a Warrant to purchase 50,000 Common shares of MCig, Inc., at $0.50 per share, are offered by the Company only to persons deemed by the Company to qualify as “accredited investors” under Regulation D under the Securities Act. The minimum subscription is 1 Unit ($25,000), subject to the option of the Company in its sole discretion to accept a lesser amount. See “Terms of the Offering.”

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