Common use of Purchase and Sale of Series a Shares Clause in Contracts

Purchase and Sale of Series a Shares. The Company has authorized the issuance and sale, in accordance with the terms hereof, of its Series A Shares. On the terms and subject to the conditions set forth in this Agreement, at the Closing (as defined below), the Company agrees to issue to each Investor, and the Investor agrees to purchase from the Company, such number of Series A Shares as is set forth on the line marked “Number of Series A Shares Purchased” on Schedule A (the "Purchased Shares"). The Company will sell Series A Shares to more than one Investor, each of whom will enter into Subscription Agreement substantially identical to this one.