On the Closing Date, upon the terms and subject to the conditions set forth herein, substantially concurrent with the execution and delivery of this Agreement by the parties hereto, the Company agrees to sell, and the Purchasers, severally and not jointly, collectively agree to purchase in the aggregate, allocated among the Purchasers pro rata based on their respective Subscription Amounts as set forth on the signature pages hereto executed by the Purchasers, (a) Convertible Notes with a principal amount of $526,315 for a purchase price of $500,000, and (b) Warrants to purchase up to an aggregate of 85,348 shares of Common Stock, subject to adjustment as provided therein, as determined pursuant to Section 2.2(a)(iii). Each Purchaser shall deliver to the Company, via wire transfer of immediately available funds equal to such Purchaser’s Subscription Amount as set forth on the signature page hereto executed by such Purchaser and promptly following the termination of the offering the Company shall deliver to each Purchaser its pro rata portion of the Convertible Notes and a Warrant as determined pursuant to Section 2.2(a), and the Company and each Purchaser shall deliver the other items set forth in Section 2.2 at the Closing.