Conveyance of Buyer's Common Stock Sample Clauses

Conveyance of Buyer's Common Stock. At the Closing, the Buyer shall deliver to the transfer agent instructions directing such agent to issue and deliver to the Sellers certificates evidencing Five Million (5,000,000) shares of Buyer's Common Stock (in the amounts as set forth opposite each person's name on Exhibit A) in exchange for all of the outstanding shares of Company Common Stock duly registered in the names of the Sellers entitled thereto. This transaction by which the transfers in Sections 1.1 and 1.2 shall take place are referred to in this Agreement as the "Exchange."
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