Common use of Payment of Purchase Price; Closing Clause in Contracts

Payment of Purchase Price; Closing. (a) Deliveries by Purchaser. Purchaser hereby delivers to the Company ----------------------- the full Purchase Price by delivery to the Company of a Note Secured by Stock Pledge Agreement of Purchaser in the principal amount of the full Purchase Price in the form of Exhibit 1, duly executed by Purchaser (the "Note"). Purchaser --------- also hereby delivers to the Company: (i) two (2) copies of a blank Stock Power and Assignment Separate from Stock Certificate in the form of Exhibit 2 attached --------- hereto (the "Stock Powers"), both duly executed by Purchaser (and Purchaser's spouse, if any), (ii) if Purchaser is married, a Consent of Spouse in the form of Exhibit 3 attached hereto (the "Spouse Consent") duly executed by Purchaser's --------- spouse, and (iii) a Stock Pledge Agreement in the form of Exhibit 4, duly --------- executed by Purchaser (the "Pledge Agreement").

Payment of Purchase Price; Closing. (a) Deliveries by Purchaser. Purchaser hereby delivers to the Company ----------------------- the full Purchase Price by delivery to the Company of a Secured Full Recourse Promissory Note Secured by Stock Pledge Agreement of Purchaser in the principal amount of the full Purchase Price in the form of Exhibit 1, duly executed by Purchaser (the "Note"). Purchaser --------- also hereby delivers to the Company: (i) two (2) copies of a blank Stock Power and Assignment Separate from Stock Certificate in the form of Exhibit 2 attached --------- hereto (the "Stock Powers"), both duly executed by Purchaser (and Purchaser's spouse, if any), (ii) if Purchaser is married, a Consent of Spouse in the form of Exhibit 3 attached hereto (the "Spouse Consent") duly executed by Purchaser's --------- spouse, and (iii) a Stock Pledge Agreement in the form of Exhibit 4, duly --------- executed by Purchaser (the "Pledge Agreement").

Payment of Purchase Price; Closing. (aA) Deliveries by PurchaserDELIVERIES BY PURCHASER. Purchaser hereby delivers to the ------------------------ Company ----------------------- the full Purchase Price by delivery of: (i) a check in the amount of $_________ in payment of the aggregate par value of the Shares, a copy of which is attached hereto as Exhibit 1; and (ii) by delivery to the Company of a --------- Secured Full Recourse Promissory Note Secured by Stock Pledge Agreement of Purchaser in the principal amount of the full Purchase Price $_________ in the form of Exhibit 12, duly executed by Purchaser (the "Note"). --------- ---- Purchaser --------- also hereby delivers to the Company: (i) two (2) copies of a blank Stock Power and Assignment Separate from Stock Certificate in the form of Exhibit 2 3 attached --------- hereto (the "Stock Powers"), both duly executed by Purchaser and --------- ------------ (and if applicable) Purchaser's spouse, if any), ; and (ii) if Purchaser is married, a Consent of Spouse in the form of Exhibit 3 attached hereto (the "Spouse Consent") duly executed by Purchaser's --------- spouse, and (iii) a Stock Pledge Agreement in the form of Exhibit 4, duly --------- executed by Purchaser (the "Pledge Agreement").. --------- ----------------

Payment of Purchase Price; Closing. (a) Deliveries by PurchaserDELIVERIES BY PURCHASER. Purchaser hereby delivers to the Company ----------------------- the full Purchase Price by delivery in the form of Purchaser's assignment to the Company of Purchaser's entire right, title and interest in and to a Note Secured by Stock Pledge Agreement of Purchaser in the principal amount of the full Purchase Price in the form of Exhibit 1, duly executed business plan developed by Purchaser (which business plan is attached hereto as Exhibit 1) (the --------- "NoteBusiness Plan"). Purchaser --------- also hereby delivers to the Company: (i) two (2) -------------- copies of a blank Stock Power and Assignment Separate from Stock Certificate in the form of Exhibit 2 attached --------- hereto (the "Stock Powers"), both duly executed by the --------- ------------ Purchaser (and Purchaser's spouse, if any), and (ii) if Purchaser is married, a Consent of Spouse in the form of Exhibit 3 attached hereto (the "Spouse Consent") duly executed by Purchaser's --------- -------------- spouse, and (iii) a Stock Pledge Agreement in the form of Exhibit 4, duly --------- executed by Purchaser (the "Pledge Agreement").