Common use of Purchase and Sale of Ordinary Shares Clause in Contracts

Purchase and Sale of Ordinary Shares. Upon the terms and subject to the conditions set forth herein, the Purchaser agrees to purchase from the Company, and the Company agrees to sell and issue to the Purchaser, at the Closing 309,950,973 Ordinary Shares (the “New Shares”), representing 59.04% of the total issued and outstanding Ordinary Shares on a Fully-Diluted basis, for an amount equal to the sum of US$160,000,000 (the “Purchase Price”) payable as provided in Section 1.2 hereof.

Purchase and Sale of Ordinary Shares. Upon the terms and subject to the conditions set forth herein, the Purchaser agrees to purchase from the CompanySeller, and the Company Seller agrees to sell and issue to the Purchaser, at the Closing 309,950,973 165,961,527 Ordinary Shares (the “New Sale Shares”), representing 59.0431.61% of the total issued and outstanding Ordinary Shares on a Fullyfully-Diluted basisdiluted basis as of the date hereof, for an amount equal to the sum of US$160,000,000 68,065,714 (the “Purchase Price”) payable as provided in Section 1.2 hereof.