Common use of Sale of Subject Shares Clause in Contracts

Sale of Subject Shares. (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 Taiwan Investment Commission (the “TIC”), at the Closing, the Selling Parties shall sell, transfer, convey and assign (collectively, “Transfer”) to the Purchaser all, and not less than all, of the Subject Shares. (b) At the Closing, the Selling Parties shall cause to be delivered to the Purchaser share certificates evidencing all of the Subject Shares, duly endorsed for transfer.