Common use of Completion of the Subscription Clause in Contracts

Completion of the Subscription. Subject to the fulfilment of the conditions set out in Clause 3.1, completion of the Subscription shall take place at ▇▇/▇., ▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇. ▇▇-▇▇ ▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, Hong Kong on the Completion Date or such other time as the Parties may agree, at which time: (a) the Company shall: (i) allot and issue to the Subscriber (or as it may direct) the Subscription Shares and shall promptly thereafter register the Subscriber and/or its nominee(s) as member(s) of the Company and shall cause to be delivered to the Subscriber definitive certificates of title in respect thereof in the name of the Subscriber or as it may direct in board lots (or as nearly as practicable) or as the Subscriber may otherwise direct; (ii) deliver to the Subscriber a copy of the minutes of the extraorindary general meeting of the Company approving this Agreement, the Capitalisation, the issue of the Subscription Shares and the transactions contemplated hereunder as set out in Clause 3.1(c); (iii) deliver to the Subscriber a copy of the approval from the Stock Exchange for the listing of, and permission to deal in, the Subscription Shares; (iv) deliver to the Subscriber a copy of the resolutions of the board of directors of the Company approving the execution and performance of this Agreement, the Capitalisation, and the issue and allotment of the Subscription Shares; (v) deliver to the Subscriber one original counterpart of the Deed of Settlement; and (b) the Subscriber shall (i) deliver to the Company one original counterpart of the Deed of Settlement; and (ii) deliver to the Company the application for shares in relation to the Subscription Shares.

Completion of the Subscription. Subject to the fulfilment of the conditions set out in Clause 3.1, completion of the Subscription shall take place at ▇▇/▇., ▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇. ▇▇-▇▇ ▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, the office of the Company at 4:30 p.m. (Hong Kong time) on the Completion Date or such other time as the Parties may agree, at which time: (a) the Company shall: (i) allot and issue to the Subscriber (or as it may direct) the Subscription Shares and shall promptly thereafter register the Subscriber and/or its nominee(s) as member(s) a member or members of the Company and shall cause to be delivered to the Subscriber definitive certificates of title in respect thereof in the name of the Subscriber or as it may direct in board lots (or as nearly as practicable) or as the Subscriber may otherwise direct; (ii) deliver to the Subscriber a certified copy of the minutes of the extraorindary general meeting of the Company approving this Agreement, the Capitalisation, Specific Mandate and the issue of the Subscription Shares and the other transactions contemplated hereunder as set out in Clause 3.1(c3.1(a); (iii) deliver to the Subscriber a certified copy of the approval from the Stock Exchange for the listing of, and permission to deal in, the Subscription Shares; (iv) deliver to the Subscriber a certified copy of the resolutions of the board of directors of the Company approving the execution and performance of this Agreement, the Capitalisation, Specific Mandate and the issue and allotment of the Subscription Shares; (v) deliver to the Subscriber one original counterpart of the Deed of Settlement; and (b) the Subscriber shall (i) deliver pay or cause to the Company one original counterpart of the Deed of Settlement; and (ii) deliver be paid to the Company the application for shares in relation to aggregate Subscription Price of all the Subscription SharesShares of HK$17.50 million payable by the Subscriber by way of capitalisation of the entire Shareholders’ Loan on the Completion Date.