Common use of Composition of purchase price Clause in Contracts

Composition of purchase price. On the terms and subject to the conditions herein set forth, Buyer shall issue and deliver to Seller on the Closing Date: (a) Common Stock. 100,000 Common Shares, without par value ("Common Shares"), of Buyer at a price of $1.12 per share, i.e., on a share-for-share basis, subject to adjustment as provided therein, and containing the other terms and provisions set forth in Exhibit E attached, registered in the name of Seller or its nominee; and