Pre Closing and Closing Clause Samples

Pre Closing and Closing. On or before August 15, 2008 for Assignor and August 20, 2008 for Assignee, each party will deliver to ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Moot & ▇▇▇▇▇▇ ("▇▇▇▇▇ ▇▇▇▇▇▇") two originals of this Agreement signed by the party. ▇▇▇▇▇ ▇▇▇▇▇▇ will hold such Agreements until the Closing. ▇▇▇▇▇ ▇▇▇▇▇▇ will notify all parties upon its receipts of the originally signed Agreements. This Agreement will close (the "CLOSING") on the condition that all conditions precedent are met, on December 15, 2008 ("CLOSING DATE"). Assignee may extend the closing date to January 15, 2009 by providing written notice to Assignor, at which time an additional US$100,000 of the deposit becomes non-refundable. Additionally, the parties may mutually agree to close this Agreement prior to December 15, 2008. The Closing will be at the offices of ▇▇▇▇▇ ▇▇▇▇▇▇, San Diego, California, or another location mutually acceptable to the parties.

Pre Closing and Closing. 7.1 To effect the transfer of legal title to the P▇▇▇▇▇ Shares from the Seller to the Buyer, the Seller, AR Investment Company and the Buyer shall provide each other with the documents set forth in this Article 7 and such other and further documents as may be required by all relevant Saudi Arabian governmental authorities or any relevant third party. To ensure that the transfer of legal title to the P▇▇▇▇▇ Shares is effected as soon as practicable, the Seller further agrees to execute and/or deliver such other and further documents and to take such other and further action (without further inducement or consideration) as may be reasonably required of the Seller by a Saudi Arabian governmental authority or any relevant third party to effect transfer of legal title to the Shares. 7.2 On or before the date of this Agreement, the Seller shall provide the Buyer with the following documents, each duly authenticated and certified for use in Saudi Arabia: (a) Resolutions of the Seller’s Board of Directors or other competent corporate body authorizing the Seller to sell the shares to the Buyer and appointing a legal representative(s) to sign the required documentation on behalf of the Seller; (b) A copy of the Limited Liability Company Agreement (and any amendments thereto) of the Seller; (c) The Certificate of Formation of the Seller; and (d) a duly executed and irrevocable special power of attorney from the Seller (i) in favor of the designees of the Buyer, (ii) substantially in the form of Exhibit A attached hereto and (iii) authorizing the designees of the Buyer to take all required action on behalf of the Seller to transfer legal title to the P▇▇▇▇▇ Shares to the Buyer. 7.3 On or before the date of this Agreement, each of the Buyer and AR Investment Company shall provide the Seller with the following documents, each duly authenticated by the Chamber of Commerce and Industry in Dammam: (a) The Certificate of Registration of the Buyer and of AR Investment Company; (b) A copy of the Articles of Association of the Buyer; (c) Resolutions of the Buyer’s competent corporate body authorizing the Buyer to purchase the P▇▇▇▇▇ Shares from the Seller and appointing a legal representative(s) to sign the required documentation on behalf of the Buyer; (d) Resolutions of the partners of AR Investment Company expressly consenting to the sale of the P▇▇▇▇▇ Shares to the Buyer and waiving any preemptive rights that may be exercised by it pursuant to the Articles of Association o...

Pre Closing and Closing. Upon the terms and subject to the conditions set forth in this Agreement: (a) The parties shall prepare for the consummation of the transactions contemplated herein in both the United States and the PRC (each, a "Pre-Closing"). The parties shall conduct a United States Pre-Closing in the offices of ▇▇▇▇▇ & ▇▇▇▇▇▇▇▇, Two Embarcadero Center, 24th Floor, San Francisco, California, and a PRC Pre-Closing in the offices of the ▇▇▇ ▇▇ Law Offices, China Resources ▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇., Beijing. At each Pre-Closing, the parties shall deliver or cause to be delivered all of the instruments as more fully described in Section 5.2 and Section 5.3, to be held in escrow pending the Closing. (b) The consummation of the transactions contemplated herein (the "Closing"), shall be deemed to have taken place and shall be deemed to be effective at 12:01 a.m., Tianjin (PRC) time, on the first business day after which all of the conditions precedent to Closing as set forth in Article 6 and Article 7 hereof have been fulfilled or waived and both of the Pre-Closings described in subsection (a) above have been completed (the "Closing Date").

Pre Closing and Closing. The Pre-Closing shall take place at the offices of the Escrow Agent on December 21, 2001 or at such other time and place as the Parties hereto may mutually agree. At the Pre-Closing the parties shall execute the Escrow Agreement, a copy of which is attached hereto as SCHEDULE 2.

Pre Closing and Closing. In accordance with ----------------------- Section

Pre Closing and Closing