Common use of Sale and Transfer of Shares Clause in Contracts

Sale and Transfer of Shares. (a) Upon the terms and subject to the conditions set forth in this Agreement, on the Closing Date (as defined below) the Company hereby agrees to sell to the Purchaser and the Purchaser hereby agrees to purchase from the Company, the Common Shares set forth opposite the Purchaser’s name on Schedule 1 hereto for the aggregate purchase price set forth opposite the Purchaser’s name on Schedule 1 hereto (the “Purchase Price”). (b) At the Closing (as defined below), the Company shall deliver to the Purchaser duly executed certificates registered in the Purchaser’s name and representing the Common Shares purchased by the Purchaser, against the Purchaser’s payment of the Purchase Price.