Common use of Third Year Closing Clause in Contracts

Third Year Closing. Subject to the terms and conditions of this Agreement, during calendar year 2014 and on or prior to the date that is forty-five (45) days following delivery of a Funding Option Exercise Notice (a “Third Year Closing”), Arcadia shall purchase and Bioceres shall sell and issue to Arcadia, the number of shares of Common Stock set forth on the Funding Option Exercise Notice (the aggregate number of shares purchased in 2014, the “Third Year Shares”) at the Initial Purchase Price or the New Purchase Price, if any. The number of Third Year Shares purchased and the price per share shall be set forth on Exhibit B.