Common use of Purchase of Subject Shares; Purchase Price Clause in Contracts

Purchase of Subject Shares; Purchase Price. (a) On the terms and subject to the conditions set forth in this Agreement, and in accordance with the applicable laws of Taiwan, including the rules and regulations of the TIC, on the Closing Date, the Purchaser shall purchase from the Selling Parties, all and not less than all, of the Subject Shares. (b) The Parties hereto agree that 100% of the Everest Group shall be valued at (USD) Seven Million, Two Hundred Eighty Three Thousand, One Hundred and Thirty Two (USD $7,283,132) Dollars (the “Everest Valuation”) representing the consolidated book value of the Everest Group on 30 September 2013. Accordingly, at the Closing, the Purchaser shall pay for the Subject Shares a purchase price equal to the amount determined by multiplying (i) the Subject Shares Percentage by (ii) the Everest Valuation (the “Purchase Price”). (c) The Purchase Price for the Subject Shares shall be paid at the Closing in full by (i) wire transfer of immediately available funds to one or more bank accounts designated by the Shareholders’ Representative, which bank accounts may be the escrow accounts of a bank in Taiwan (the “Escrow Agent”) designated by the Shareholders’ Representative, or (ii) in such other manner as shall be designated by the Shareholders’ Representative.

Appears in 4 contracts

Samples: Share Purchase Agreement (Boxlight Corp), Share Purchase Agreement (Boxlight Corp), Share Purchase Agreement (Boxlight Corp)

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