Common use of Completion Transactions Clause in Contracts

Completion Transactions. On the Completion Date, subject to the satisfaction of the conditions set out in Article 8, subject to fulfillment of the Conditions Precedent as set out in Clause 8, Completion shall take place at 8:30 a.m. on the Completion Date in the offices of B▇▇▇▇ & McKenzie, legal advisor to the Issuer in the following manner:- (a) On the Completion Date, the Subscriber shall have transferred through the Clearing House Automatic Transfer System (“CHATS”) in immediately available funds the sum in US dollars equal to the Subscriber’s Aggregate Subscription Price to an account opened with the Placing Agent; (b) subject to the satisfaction of Clause 8 and other terms and conditions of this Agreement, including but not limited to the presentation of all required board approvals, shareholders’ approvals, certifications and other requested documentation, on the Completion Date, the Subscriber shall instruct the Placing Agent to transfer the Aggregate Subscription Price from its account with the Placing Agent to an Issuer’s account (information set out in Schedule A attached hereto) opened with the Placing Agent that is jointly operated by persons designated by the board of directors of the Issuer and satisfactory to China Biotech; (c) subject to the satisfaction of Clause 8 and other terms and conditions of this Agreement, the Issuer, upon receipt of the applicable amount of the Aggregate Subscription Price shall issue a confirmation to the Subscriber and the Placing Agent; the Issuer shall also deliver the newly issued share certificates representing the Subscription Shares and Warrants to the Subscriber on the Completion Date and concurrently provide certified copies of the same to the Placing Agent; and (d) subject to the satisfaction of Clauses 3, 8, and other terms and conditions of this Agreement, on the Completion Date, the Issuer shall issue a written instruction to the Share Transfer Agent authorizing and requesting the Share Transfer Agent to enter and record the name of the Subscriber in the register of members of the Issuer as registered shareholder of the Issuer. The Issuer shall take necessary steps to update the copy of the register of members maintained at the registered office of the Issuer in the British Virgin Islands in accordance with the relevant laws and regulations.

Completion Transactions. On the Completion Date, subject to the satisfaction of the conditions set out in Article 8, subject to fulfillment of the Conditions Precedent as set out in Clause 8, Completion shall take place at 8:30 10:00 a.m. on the Completion Date in the offices of B▇▇▇▇▇ & McKenzie▇▇▇▇▇▇▇▇, legal advisor to the Issuer in the following manner:-manner: (a) On subject to the satisfaction of Article 8 and other terms and conditions of this Agreement, including but not limited to the presentation of all required board approvals, certifications and other requested documentation, on the Completion Date, the Subscriber shall have transferred through the Clearing House Automatic Transfer System (“CHATS”) in immediately available funds the sum in US dollars equal to the Subscriber’s Aggregate Subscription Price to an Issuer’s account opened with the Placing AgentChina Merchants Bank Hong Kong Branch (information set out in Schedule A attached hereto); (b) subject to the satisfaction of Clause 8 and other terms and conditions of this Agreement, including but not limited to the presentation of all required board approvals, shareholders’ approvals, certifications and other requested documentation, on the Completion Date, the Subscriber shall instruct the Placing Agent to transfer the Aggregate Subscription Price from its account with the Placing Agent to an Issuer’s account (information set out in Schedule A attached hereto) opened with the Placing Agent that is jointly operated by persons designated by the board of directors of the Issuer and satisfactory to China Biotech; (c) subject to the satisfaction of Clause Article 8 and other terms and conditions of this Agreement, the Issuer, upon receipt of the applicable amount of the Aggregate Subscription Price shall issue a confirmation to the Subscriber on the Completion Date; (c) subject to the satisfaction of Article 8 and the Placing Agent; other terms and conditions of this Agreement, the Issuer shall also deliver the newly issued share certificates representing the Subscription Shares and Warrants to the Subscriber on the Completion Date and concurrently provide certified copies of the same to the Placing Agent; andDate; (d) subject to the satisfaction of Clauses Article 8 and other terms and conditions of this Agreement, the Subscriber, upon receipt of the newly issued share certificates representing the Subscription Shares, shall issue a confimation to the Issuer on the Completion Date; and (e) subject to the satisfaction of Articles 3, 8, and other terms and conditions of this Agreement, on the Completion Date, the Issuer shall issue a written instruction to the Share Transfer Agent authorizing and requesting the Share Transfer Agent to enter and record the name of the Subscriber in the register of members of the Issuer as registered shareholder of the Issuer. The Issuer shall take necessary steps to update the copy of the register of members maintained at the registered office of the Issuer in the British Virgin Islands in accordance with the relevant laws and regulations.

Completion Transactions. On the Completion Date, subject to the satisfaction of the conditions set out in Article 8, subject to fulfillment of the Conditions Precedent as set out in Clause 8, Completion shall take place at 8:30 10:00 a.m. on the Completion Date in the offices of B▇▇▇▇▇ & McKenzie▇▇▇▇▇▇▇▇, legal advisor to the Issuer in the following manner:-manner: (a) On the Completion Date, the Subscriber shall have transferred through the Clearing House Automatic Transfer System (“CHATS”) in immediately available funds the sum in US dollars equal to the Subscriber’s Aggregate Subscription Price to an account opened with the Placing Agent; (b) subject to the satisfaction of Clause Article 8 and other terms and conditions of this Agreement, including but not limited to the presentation of all required board approvals, shareholders’ approvalsconsents, certifications and other requested documentation, on the Completion Date, the Subscriber shall instruct have transferred through the Placing Agent Clearing House Automatic Transfer System (“CHATS”) immediately available funds the sum in US dollars equal to transfer the Subscriber’s Aggregate Share Subscription Price from its account with the Placing Agent to an Issuer’s account opened with China Merchants Bank Hong Kong Branch (information set out in Schedule A attached hereto) opened with or have paid the Placing Agent that is jointly operated by persons designated Issuer in other form of consideration approved by the board of directors of Issuer on or before the Issuer and satisfactory to China BiotechCompletion Date; (cb) subject to the satisfaction of Clause Article 8 and other terms and conditions of this Agreement, the Issuer, upon receipt of the applicable amount of the Aggregate Share Subscription Price shall issue a confirmation to the Subscriber on the Completion Date; (c) subject to the satisfaction of Article 8 and the Placing Agent; other terms and conditions of this Agreement, the Issuer shall also deliver the newly issued share certificates representing the Subscription Shares and Warrants to the Subscriber on the Completion Date and concurrently provide certified copies of the same to the Placing Agent; andDate; (d) subject to the satisfaction of Clauses Article 8 and other terms and conditions of this Agreement, the Subscriber, upon receipt of the newly issued share certificates representing the Subscription Shares, shall issue a confimation to the Issuer on the Completion Date; and (e) subject to the satisfaction of Articles 3, 8, and other terms and conditions of this Agreement, on the Completion Date, the Issuer shall issue a written instruction to the Share Transfer Agent authorizing and requesting the Share Transfer Agent to enter and record the name of the Subscriber in the register of members of the Issuer as registered shareholder of the Issuer. The Issuer shall take necessary steps to update the copy of the register of members maintained at the registered office of the Issuer in the British Virgin Islands in accordance with the relevant laws and regulations.

Completion Transactions. On the Completion Date, subject to the satisfaction of the conditions set out in Article 8, subject to fulfillment of the Conditions Precedent as set out in Clause 8, Completion shall take place at 8:30 10:00 a.m. on the Completion Date in the offices of B▇▇▇▇▇ & McKenzie▇▇▇▇▇▇▇▇, legal advisor to the Issuer in the following manner:-manner: (a) On subject to the satisfaction of Article 8 and other terms and conditions of this Agreement, including but not limited to the presentation of all required board approvals, certifications and other requested documentation, on the Completion Date, the Subscriber shall have transferred through the Clearing House Automatic Transfer System (“CHATS”) in immediately available funds the sum in US dollars equal to the Subscriber’s Aggregate Share Subscription Price to an Issuer’s account opened with the Placing AgentChina Merchants Bank Hong Kong Branch (information set out in Schedule A attached hereto); (b) subject to the satisfaction of Clause 8 and other terms and conditions of this Agreement, including but not limited to the presentation of all required board approvals, shareholders’ approvals, certifications and other requested documentation, on the Completion Date, the Subscriber shall instruct the Placing Agent to transfer the Aggregate Subscription Price from its account with the Placing Agent to an Issuer’s account (information set out in Schedule A attached hereto) opened with the Placing Agent that is jointly operated by persons designated by the board of directors of the Issuer and satisfactory to China Biotech; (c) subject to the satisfaction of Clause Article 8 and other terms and conditions of this Agreement, the Issuer, upon receipt of the applicable amount of the Aggregate Share Subscription Price Price, shall issue a confirmation to the Subscriber on the Completion Date; (c) subject to the satisfaction of Article 8 and the Placing Agent; other terms and conditions of this Agreement, the Issuer shall also deliver the newly issued share certificates representing the Subscription Shares and Warrants to the Subscriber on the Completion Date and concurrently provide certified copies of the same to the Placing Agent; andDate; (d) subject to the satisfaction of Clauses Article 8 and other terms and conditions of this Agreement, the Subscriber, upon receipt of the newly issued share certificates representing the Subscription Shares, shall issue a confimation to the Issuer on the Completion Date; and (e) subject to the satisfaction of Articles 3, 8, and other terms and conditions of this Agreement, on the Completion Date, the Issuer shall issue a written instruction to the Share Transfer Agent authorizing and requesting the Share Transfer Agent to enter and record the name of the Subscriber in the register of members of the Issuer as registered shareholder of the Issuer. The Issuer shall take necessary steps to update the copy of the register of members maintained at the registered office of the Issuer in the British Virgin Islands in accordance with the relevant laws and regulations.

Completion Transactions. On the Completion Date, subject to the satisfaction of the conditions set out in Article 8, subject to fulfillment of the Conditions Precedent as set out in Clause 8, Completion shall take place at 8:30 a.m. am on the Completion Date in the offices of B▇▇▇▇ & McKenzieM▇▇▇▇▇▇▇, legal advisor to the Issuer in the following manner:- (a) On the Completion Date, the Subscriber shall have transferred through the Clearing House Automatic Transfer System (“CHATS”) in immediately available funds the sum in US dollars equal to the Subscriber’s Aggregate Subscription Price to an account opened with the Placing Agent; (b) subject to the satisfaction of Clause 8 and other terms and conditions of this Agreement, including but not limited to the presentation of all required board approvals, shareholders’ approvals, certifications and other requested documentation, on the Completion Date, the Subscriber shall instruct the Placing Agent to transfer the Aggregate Subscription Price from its account with the Placing Agent to an Issuer’s account (information set out in Schedule A attached hereto) opened with the Placing Agent that is jointly operated by persons designated by the board of directors of the Issuer and satisfactory to China Biotech; (c) subject to the satisfaction of Clause 8 and other terms and conditions of this Agreement, the Issuer, upon receipt of the applicable amount of the Aggregate Subscription Price shall issue a confirmation to the Subscriber and the Placing Agent; the Issuer shall also deliver the newly issued share certificates representing the Subscription Shares and Warrants to the Subscriber on the Completion Date and concurrently provide certified copies of the same to the Placing Agent; and (d) subject to the satisfaction of Clauses 3, 8, and other terms and conditions of this Agreement, on the Completion Date, the Issuer shall issue a written instruction to the Share Transfer Agent authorizing and requesting the Share Transfer Agent to enter and record the name of the Subscriber in the register of members of the Issuer as registered shareholder of the Issuer. The Issuer shall take necessary steps to update the copy of the register of members maintained at the registered office of the Issuer in the British Virgin Islands in accordance with the relevant laws and regulations.

Completion Transactions. On the Completion Date, subject to the satisfaction of the conditions set out in Article 8, subject to fulfillment of the Conditions Precedent as set out in Clause 8, Completion shall take place at 8:30 a.m. on the Completion Date in the offices of B▇▇▇▇ & McKenzieM▇▇▇▇▇▇▇, legal advisor to the Issuer in the following manner:-manner: - (a) On the Completion Date, the Subscriber shall have transferred through the Clearing House Automatic Transfer System (“CHATS”) in immediately available funds the sum in US dollars equal to the Subscriber’s Aggregate Subscription Price to an account opened with the Placing Agent; (b) subject to the satisfaction of Clause 8 and other terms and conditions of this Agreement, including but not limited to the presentation of all required board approvals, shareholders’ approvals, certifications and other requested documentation, on the Completion Date, the Subscriber shall instruct the Placing Agent to transfer the Aggregate Subscription Price from its account with the Placing Agent to an Issuer’s account (information set out in Schedule A attached hereto) opened with the Placing Agent that is jointly operated by persons designated by the board of directors of the Issuer and satisfactory to China Biotechthe Subscriber; (c) subject to the satisfaction of Clause 8 and other terms and conditions of this Agreement, the Issuer, upon receipt of the applicable amount of the Aggregate Subscription Price shall issue a confirmation to the Subscriber and the Placing Agent; the Issuer shall also deliver the newly issued share certificates representing the Subscription Shares and Warrants to the Subscriber on the Completion Date and concurrently provide certified copies of the same to the Placing Agent; and (d) subject to the satisfaction of Clauses 3, 8, and other terms and conditions of this Agreement, on the Completion Date, the Issuer shall issue a written instruction to the Share Transfer Agent authorizing and requesting the Share Transfer Agent to enter and record the name of the Subscriber in the register of members of the Issuer as registered shareholder of the Issuer. The Issuer shall take necessary steps to update the copy of the register of members maintained at the registered office of the Issuer in the British Virgin Islands in accordance with the relevant laws and regulations.

Completion Transactions. On the Completion Date, subject to the satisfaction of the conditions set out in Article 8, subject to fulfillment of the Conditions Precedent as set out in Clause 8, Completion shall take place at 8:30 10:00 a.m. on the Completion Date in the offices of B▇▇▇▇ & McKenzieM▇▇▇▇▇▇▇, legal advisor to the Issuer in the following manner:-manner: (a) On subject to the satisfaction of Article 8 and other terms and conditions of this Agreement, including but not limited to the presentation of all required board approvals, certifications and other requested documentation, on the Completion Date, the Subscriber shall have transferred through the Clearing House Automatic Transfer System (“CHATS”) in immediately available funds the sum in US dollars equal to the Subscriber’s Aggregate Share Subscription Price to an Issuer’s account opened with the Placing AgentChina Merchants Bank Hong Kong Branch (information set out in Schedule A attached hereto); (b) subject to the satisfaction of Clause 8 and other terms and conditions of this Agreement, including but not limited to the presentation of all required board approvals, shareholders’ approvals, certifications and other requested documentation, on the Completion Date, the Subscriber shall instruct the Placing Agent to transfer the Aggregate Subscription Price from its account with the Placing Agent to an Issuer’s account (information set out in Schedule A attached hereto) opened with the Placing Agent that is jointly operated by persons designated by the board of directors of the Issuer and satisfactory to China Biotech; (c) subject to the satisfaction of Clause Article 8 and other terms and conditions of this Agreement, the Issuer, upon receipt of the applicable amount of the Aggregate Share Subscription Price Price, shall issue a confirmation to the Subscriber on the Completion Date; (c) subject to the satisfaction of Article 8 and the Placing Agent; other terms and conditions of this Agreement, the Issuer shall also deliver the newly issued share certificates representing the Subscription Shares and Warrants to the Subscriber on the Completion Date and concurrently provide certified copies of the same to the Placing Agent; andDate; (d) subject to the satisfaction of Clauses Article 8 and other terms and conditions of this Agreement, the Subscriber, upon receipt of the newly issued share certificates representing the Subscription Shares, shall issue a confimation to the Issuer on the Completion Date; and (e) subject to the satisfaction of Articles 3, 8, and other terms and conditions of this Agreement, on the Completion Date, the Issuer shall issue a written instruction to the Share Transfer Agent authorizing and requesting the Share Transfer Agent to enter and record the name of the Subscriber in the register of members of the Issuer as registered shareholder of the Issuer. The Issuer shall take necessary steps to update the copy of the register of members maintained at the registered office of the Issuer in the British Virgin Islands in accordance with the relevant laws and regulations.

Completion Transactions. On the Completion Date, subject to the satisfaction of the conditions set out in Article 8, subject to fulfillment of the Conditions Precedent as set out in Clause 8, Completion shall take place at 8:30 10:00 a.m. on the Completion Date in the offices of B▇▇▇▇ & McKenzieM▇▇▇▇▇▇▇, legal advisor to the Issuer in the following manner:-manner: (a) On subject to the satisfaction of Article 8 and other terms and conditions of this Agreement, including but not limited to the presentation of all required board approvals, certifications and other requested documentation, on the Completion Date, the Subscriber shall have transferred through the Clearing House Automatic Transfer System (“CHATS”) in immediately available funds the sum in US dollars equal to the Subscriber’s Aggregate Subscription Price to an Issuer’s account opened with the Placing AgentChina Merchants Bank Hong Kong Branch (information set out in Schedule A attached hereto); (b) subject to the satisfaction of Clause 8 and other terms and conditions of this Agreement, including but not limited to the presentation of all required board approvals, shareholders’ approvals, certifications and other requested documentation, on the Completion Date, the Subscriber shall instruct the Placing Agent to transfer the Aggregate Subscription Price from its account with the Placing Agent to an Issuer’s account (information set out in Schedule A attached hereto) opened with the Placing Agent that is jointly operated by persons designated by the board of directors of the Issuer and satisfactory to China Biotech; (c) subject to the satisfaction of Clause Article 8 and other terms and conditions of this Agreement, the Issuer, upon receipt of the applicable amount of the Aggregate Subscription Price shall issue a confirmation to the Subscriber on the Completion Date; (c) subject to the satisfaction of Article 8 and the Placing Agent; other terms and conditions of this Agreement, the Issuer shall also deliver the newly issued share certificates representing the Subscription Shares and Warrants to the Subscriber on the Completion Date and concurrently provide certified copies of the same to the Placing Agent; andDate; (d) subject to the satisfaction of Clauses Article 8 and other terms and conditions of this Agreement, the Subscriber, upon receipt of the newly issued share certificates representing the Subscription Shares, shall issue a confimation to the Issuer on the Completion Date; and (e) subject to the satisfaction of Articles 3, 8, and other terms and conditions of this Agreement, on the Completion Date, the Issuer shall issue a written instruction to the Share Transfer Agent authorizing and requesting the Share Transfer Agent to enter and record the name of the Subscriber in the register of members of the Issuer as registered shareholder of the Issuer. The Issuer shall take necessary steps to update the copy of the register of members maintained at the registered office of the Issuer in the British Virgin Islands in accordance with the relevant laws and regulations.