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 Purchaser agrees to purchase $200,000.00 in principal amount of the Note, and corresponding Warrants as determined pursuant to Section 2.2(a) (such purchase and sale being the “ Closing ”). Purchaser shall deliver to the Company $200,000.00 by wire transfer, and the Company shall deliver to Purchaser its respective Note and Warrants, as determined pursuant to Section 2.2(a), and the Company and Purchaser shall deliver the other items set forth in Section 2.2 deliverable at the Closing. Upon satisfaction of the covenants and conditions set forth in Sections 2.2 and 2.3, the Closing shall occur at such location as the parties shall mutually agree. Notwithstanding anything herein to the contrary, the Closing Date shall occur on or before April 25, 2016.