Closing Deliveries and Actions. At each Closing, the Company shall deliver to the Selling Stockholder by wire transfer, in accordance with written instructions to be provided by the Selling Stockholder in immediately available funds in an amount equal to the applicable purchase price as set forth in Section 1(a). Additionally, upon execution of this Agreement the Selling Stockholder shall execute a Leak-Out Agreement (the “Leak-Out Agreement) that shall restrict sales of the Company’s common stock as set forth therein.
Appears in 2 contracts
Sources: Stock Repurchase Agreement (Amarantus Bioscience Holdings, Inc.), Stock Repurchase Agreement (Amarantus Bioscience Holdings, Inc.)