Subject to the terms and conditions set forth in this Agreement, the Company shall issue and sell to each Investor, and each Investor shall, severally and not jointly, purchase from the Company on the Closing Date, such number of Preferred Shares set forth on the signature pages attached hereto, which will be reflected opposite such Investor’s name on Exhibit A-1 (the “ Closing ”). The date of the Closing is hereinafter referred to as the “ Closing Date .” The maximum number of Preferred Shares to be sold to the Investors pursuant to this Agreement shall not exceed 675,000 in the aggregate (subject to the Company’s right to sell an additional Preferred Shares in its sole discretion pursuant to this Agreement).