Common use of Issuance and Purchase of Shares Clause in Contracts

Issuance and Purchase of Shares. 1.1 The Purchaser undertakes to invest in the Company the amount of One Million and One Hundred Two US Dollars (US$ 1,000,102) (hereinafter, the "Investment Amount") on the Closing Date as defined in Section 2 hereinbelow. All amounts will be deposited in US dollars or their equivalent in NIS to the Company's account no. 377906 at Bank Hapoalim B.M., Hadar Xxxxx Xxxxxx (610). 1.2 In consideration for and subject to the execution of the investment, the Company shall issue on the Closing Date four thousand nine hundred fifty-one (4,951) ordinary shares (hereinafter, the "Shares") to the Purchaser. The Company shall not be obligated to issue any shares whatsoever before the full Investment Amount is received by it. The Shares, when issued, will have been validly issued, fully paid and non-assessable, and will be free of any liens or encumbrances. The above shares will be issued as follows: Finovelec 2,723 shares Factory Systemes 1,238 shares Houston Venture Partners Ltd. 990 shares 1.3 The Investment Amount is part of a total amount of approximately US $ 4,930,000 (hereinafter, the "Total Investment") intended to be raised by the Company from the Purchaser as well as from other investors (hereinafter, the "Other Purchasers") as set forth in Exhibit 1 attached hereto. In consideration for the Total Investment, the Company will issue 24,453 Ordinary Shares, par value 1.- NIS each. After all said shares have been issued, the ownership of the Company will be as set forth in Exhibit 1.

Issuance and Purchase of Shares. 1.1 The Purchaser undertakes to invest in the Company the amount of One Million Four Hundred Ninety-Nine Thousand Nine Hundred and One Hundred Two Fifty US Dollars (US$ 1,000,102499,950) (hereinafter, the "Investment Amount") on the Closing Date as defined in Section 2 hereinbelow. All amounts will be deposited in US dollars or their equivalent in NIS to the Company's account no. 377906 at Bank Hapoalim B.M., Hadar Xxxxx Xxxxxx (610). 1.2 In consideration for and subject to the execution of the investment, the Company shall issue on the Closing Date two thousand four thousand nine hundred fiftyand seventy-one five (4,9512,475) ordinary shares (hereinafter, the "Shares") to the Purchaser. The Company shall not be obligated to issue any shares whatsoever before the full Investment Amount is received by it. The Shares, when issued, will have been validly issued, fully paid and non-assessable, and will be free of any liens or encumbrances. The above shares will be issued as follows: Finovelec 2,723 shares Factory Systemes 1,238 shares Houston Venture Partners Ltd. 990 shares. 1.3 The Investment Amount is part of a total amount of approximately US $ 4,930,000 (hereinafter, the "Total Investment") intended to be raised by the Company from the Purchaser as well as from other investors (hereinafter, the "Other Purchasers") as set forth in Exhibit 1 attached hereto. In consideration for the Total Investment, the Company will issue 24,453 Ordinary Shares, par value 1.- NIS each. After all said shares have been issued, the ownership of the Company will be as set forth in Exhibit 1.

Issuance and Purchase of Shares. 1.1 The Purchaser undertakes to invest in the Company the amount of One Million and One Four Hundred Two Ninety-Nine Thousand Nine Hundred Fifty US Dollars (US$ 1,000,102499,950) (hereinafter, the "Investment Amount") on the Closing Date as defined in Section 2 hereinbelow. All amounts will be deposited in US dollars or their equivalent in NIS to the Company's account no. 377906 at Bank Hapoalim B.M., Hadar Xxxxx Xxxxxx (610). 1.2 In consideration for and subject to the execution of the investment, the Company shall issue on the Closing Date two thousand four thousand nine hundred fiftyseventy-one five (4,9512,475) ordinary shares (hereinafter, the "Shares") to the Purchaser. The Company shall not be obligated to issue any shares whatsoever before the full Investment Amount is received by it. The Shares, when issued, will have been validly issued, fully paid and non-assessable, and will be free of any liens or encumbrances. The above shares will be issued as follows: Finovelec 2,723 Lerosh Investments Ltd. 495 shares Factory Systemes 1,238 Gevahim Investments House Limited Ltd. 100 shares Houston Venture Partners Xxxx Xxxxxxxxx 246 shares Permal Emerging Growth V Ltd. 990 965 shares Maritime - Julex Investment Ltd. 495 shares Xxxxxx Xxxxxx 25 shares Xxx Xxx 149 shares 1.3 The Investment Amount is part of a total amount of approximately US $ $4,930,000 (hereinafter, the "Total Investment") intended to be raised by the Company from the Purchaser as well as from other investors (hereinafter, the "Other Purchasers") as set forth in Exhibit 1 attached hereto. In consideration for the Total Investment, the Company will issue 24,453 Ordinary Shares, par value 1.- NIS each. After all said shares have been issued, the ownership of the Company will be as set forth in Exhibit 1.

Issuance and Purchase of Shares. 1.1 The Purchaser undertakes to invest in the Company the amount of One Million and One Nine Hundred Two Ninety-Nine Thousand Nine Hundred US Dollars (US$ 1,000,102US $999,900) (hereinafter, the "Investment Amount") on the Closing Date as defined in Section 2 hereinbelow. All amounts will be deposited in US dollars or their equivalent in NIS to the Company's account no. 377906 at Bank Hapoalim B.M., Hadar Xxxxx Xxxxxx (610). 1.2 In consideration for and subject to the execution of the investment, the Company shall issue on the Closing Date four thousand nine hundred fifty-one and fifty (4,9514,950) ordinary shares (hereinafter, the "Shares") to the Purchaser. The Company shall not be obligated to issue any shares whatsoever before the full Investment Amount is received by it. The Shares, when issued, will have been validly issued, fully paid and non-assessable, and will be free of any liens or encumbrances. The above shares will be issued as follows: Finovelec 2,723 shares Factory Systemes 1,238 shares Houston Venture Partners Ltd. 990 shares. 1.3 The Investment Amount is part of a total amount of approximately US $ $4,930,000 (hereinafter, the "Total Investment") intended to be raised by the Company from the Purchaser as well as from other investors (hereinafter, the "Other Purchasers") as set forth in Exhibit 1 attached hereto. In consideration for the Total Investment, the Company will issue 24,453 Ordinary Shares, par value 1.- NIS each. After all said shares have been issued, the ownership of the Company will be as set forth in Exhibit 1.

Issuance and Purchase of Shares. 1.1 The Purchaser undertakes to invest in the Company the amount of One Million and One Nine Hundred Two Ninety-Nine Thousand Nine Hundred US Dollars (US$ 1,000,102999,900) (hereinafter, the "Investment Amount") on the Closing Date as defined in Section 2 hereinbelow. All amounts will be deposited in US dollars or their equivalent in NIS to the Company's account no. 377906 at Bank Hapoalim B.M., Hadar Xxxxx Xxxxxx (610). 1.2 In consideration for and subject to the execution of the investment, the Company shall issue on the Closing Date four thousand nine hundred fifty-one and fifty (4,9514,950) ordinary shares (hereinafter, the "Shares") to the Purchaser. The Company shall not be obligated to issue any shares whatsoever before the full Investment Amount is received by it. The Shares, when issued, will have been validly issued, fully paid and non-assessable, and will be free of any liens or encumbrances. The above shares will be issued as follows: Finovelec 2,723 shares Factory Systemes 1,238 shares Houston Venture Partners Ltd. 990 shares. 1.3 The Investment Amount is part of a total amount of approximately US $ 4,930,000 (hereinafter, the "Total Investment") intended to be raised by the Company from the Purchaser as well as from other investors (hereinafter, the "Other Purchasers") as set forth in Exhibit 1 attached hereto. In consideration for the Total Investment, the Company will issue 24,453 Ordinary Shares, par value 1.- NIS each. After all said shares have been issued, the ownership of the Company will be as set forth in Exhibit 1.

Issuance and Purchase of Shares. 1.1 The Purchaser undertakes to invest in the Company the amount of One Million Seven Hundred Ten Thousand and One Hundred Two Thirty US Dollars (US$ 1,000,102710,030) (hereinafter, the "Investment Amount") on the Closing Date as defined in Section 2 hereinbelow. All amounts will be deposited in US dollars or their equivalent in NIS to the Company's account no. 377906 at Bank Hapoalim B.M., Hadar Xxxxx Xxxxxx (610). 1.2 In consideration for and subject to the execution of the investment, the Company shall issue on the Closing Date four three thousand nine five hundred fifty-one and fifteen (4,9513,515) ordinary shares (hereinafter, the "Shares") to the Purchaser. The Company shall not be obligated to issue any shares whatsoever before the full Investment Amount is received by it. The Shares, when issued, will have been validly issued, fully paid and non-assessable, and will be free of any liens or encumbrances. The above shares will be issued as follows: Finovelec 2,723 shares Factory Systemes 1,238 shares Houston Venture Partners Ltd. 990 shares. 1.3 The Investment Amount is part of a total amount of approximately US $ $4,930,000 (hereinafter, the "Total Investment") intended to be raised by the Company from the Purchaser as well as from other investors (hereinafter, the "Other Purchasers") as set forth in Exhibit 1 attached hereto. In consideration for the Total Investment, the Company will issue 24,453 Ordinary Shares, par value 1.- NIS each. After all said shares have been issued, the ownership of the Company will be as set forth in Exhibit 1.