Common use of SALE AND PURCHASE OF THE SALE SHARES AND THE CONSIDERATION Clause in Contracts

SALE AND PURCHASE OF THE SALE SHARES AND THE CONSIDERATION. 3.1 Subject to the terms and conditions of this Agreement, the Vendor as beneficial owner hereby agrees to sell to the Purchaser and the Purchaser, relying on the representations and warranties made or given by the Vendor and subject to the terms and conditions contained in this Agreement, agree to purchase from the Vendor the Sale Shares free from all claims, charges, liens, encumbrances, equities and third party rights and together with all rights attached thereto and all dividends and distributions declared, paid or made in respect thereof after the Completion Date at a consideration (the "CONSIDERATION") to be arrived at by the following formula :- C = P * S C = the total consideration payable by the Purchaser to the Vendor for the Sale Shares P = the price per Share based on the NAV as at the Completion Date plus a premium of HK$15 per Share (which is to reflect the value of the trading right held by the Company in the Stock Exchange) S = the number of Sale Shares