Common use of Issuance, Sale and Purchase of Shares Clause in Contracts

Issuance, Sale and Purchase of Shares. Subject to the terms and conditions of this Agreement, and in reliance upon the representations and warranties set forth herein, the Company agrees to issue, sell and deliver to each Purchaser, free and clear of any pledge, mortgage, security interest, encumbrance, lien, charge, assessment, claim or restriction of any kind or nature other than those imposed by the Memorandum and Articles of Association of the Company, and each Purchaser agrees to purchase from the Company, on the Closing Date (as defined below), the number of Common Shares set forth opposite such Purchaser’s name on Schedule I attached hereto (the “Purchase Shares” of such Purchaser).