Common use of Manner of Payment of Purchase Price Clause in Contracts

Manner of Payment of Purchase Price. The Purchase Price shall be paid or satisfied at the Closing (as herein defined) as follows: (i) the Cash Portion shall be paid by Purchaser's delivery of (A) one hundred twenty six thousand dollars (U.S. $126,000) ("Deposit") which shall be delivered by Purchaser to Seller contemporaneous with the signing of this Agreement and shall be credited against the Purchase Price; and (B) eleven million fifty six thousand dollars (U.S. $11,056,000) by wire transfer of immediately available funds per the wire transfer instructions attached hereto as Exhibit B; (ii) the Share Portion shall be paid by Purchaser's delivery of a certificate representing 400,000 shares of HSI Common Stock to the escrow agent (the "Escrow Agent"), as identified in the escrow agreement (the "Escrow Agreement") substantially in the form attached hereto as Exhibit C, with such changes thereto as may be agreed to by the parties hereto, to be held and distributed by the Escrow Agent in accordance with the terms of the Escrow Agreement; and (iii) Purchaser's delivery of the Warrant. In the event that the transactions contemplated by this Agreement are not consummated and there is no Closing, the Seller shall be entitled to keep the Deposit.

Manner of Payment of Purchase Price. The Purchase Price shall be paid or satisfied at the Closing (as herein defined) as follows: (i) the Cash Portion shall be paid by Purchaser's delivery of (A) one hundred twenty six thousand dollars (U.S. $126,000) ("Deposit") which shall be was delivered by Purchaser to Seller contemporaneous with the signing of this the Purchase Agreement and shall be credited against the Purchase Price; and (B) eleven two million fifty six three hundred thousand dollars (U.S. $11,056,0002,300,000) payable at the Closing, by wire transfer of immediately available funds per the wire transfer instructions attached hereto as Exhibit B; and (C) a secured promissory note in the amount of nine million ninety eight thousand dollars (U.S. $9,098,000) (the "Note") in the form attached hereto as Exhibit C; (ii) the Share Portion shall be paid by Purchaser's delivery of a certificate representing 400,000 shares of HSI Common Stock to the escrow agent (the "Escrow Agent"), as identified in the escrow agreement (the "Escrow Agreement") substantially in the form attached hereto as Exhibit C, with such changes thereto as may be agreed to by the parties hereto, to be held and distributed by the Escrow Agent in accordance with the terms of the Escrow AgreementStock; and (iii) Purchaser's delivery of the Warrant. In the event that the transactions contemplated by this Agreement are not consummated and there is no Closing, the Seller shall be entitled to keep the Deposit."