On the applicable 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, agree to purchase, the principal amount of the Debentures that have been subscribed for as of that date. Each Purchaser shall deliver to the Escrow Agent or the Company, at the direction of the Placement Agent, via wire transfer or a certified check, immediately available funds (and/or tender of 10% OID Convertible Debentures due October 31, 2019, and accrued and unpaid interest due thereon) equal to such Purchaser’s Subscription Amount as set forth on the signature page hereto executed by such Purchaser, and the Company shall deliver to each Purchaser its respective Debenture, 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 deliverable at each Closing, as applicable. Upon satisfaction of the covenants and conditions set forth in Sections 2.2 and 2.3, each Closing shall occur at the offices of EGS or such other location as the parties shall mutually agree. Notwithstanding anything herein to the contrary, the Purchasers acknowledge and agree that, at the election of the Company and the Placement Agent, the transactions contemplated here may consist of one or more Closings.