Common use of Purchased Shares and Purchase Price Clause in Contracts

Purchased Shares and Purchase Price. ..1 Subject to the terms and conditions hereof, the Vendor agrees to sell to the Purchaser and the Purchaser agrees to purchase from the Vendor the Purchased Shares. ..2 The purchase price payable to the Purchaser to the Vendor for the purchased Shares shall be $1.00 and shall be payable on closing by cash or certified cheque. ..3 The Purchaser agrees to assume all liabilities reflected in exhibit A.