Common use of Deliveries, Closing and Conditions Precedent Clause in Contracts

Deliveries, Closing and Conditions Precedent. (a) Damas' Deliveries. Damas hereby delivers to the Company (i) the ----------------- stock certificate ("Certificate") representing the Shares, duly endorsed in ----------- blank for the transfer of the Repurchase Shares to the Company; and (ii) the Release set forth under Section III.C. below. As soon as practicable after the closing of the Repurchase Shares, the Company will deliver the Certificate to its stock transfer agent and instruct the agent to cancel the Certificate and issue new stock certificates in the name of ▇▇▇▇▇▇▇ ▇▇▇▇▇ as follows: (i) a stock certificate for 500,000 shares representing the remaining shares held by Damas and not subject to repurchase by the Company; (ii) 5 stock certificates each for 33,334 shares; and (iii) 10 stock certificates each for 33,333 shares. The new certificates will continue to bear a restrictive legend and will be delivered to Damas at the address set forth under the notice provisions of Section II.A.6. below.

Deliveries, Closing and Conditions Precedent. (a) Damas' Deliveries. Damas hereby delivers to the Company (i) the ----------------- stock certificate ("Certificate") representing the Shares, duly endorsed in ----------- blank for the transfer of the Repurchase Shares to the Company; and (ii) the Release set forth under Section III.C. below. As soon as practicable after the closing of the Repurchase Shares, the Company will deliver the Certificate to its stock transfer agent and instruct the agent to cancel the Certificate and issue new stock certificates in the name of Michael Damas as follows: (▇▇▇▇▇▇) ▇ ▇▇▇▇▇ as follows: (i) a stock certificate for 500,000 shares representing the remaining shares held by Damas and not subject to repurchase by the Company; (ii) 5 stock certificates each for 33,334 shares; and (iii) 10 stock certificates each for 33,333 shares. The new certificates will continue to bear a restrictive legend and will be delivered to Damas at the address set forth under the notice provisions of Section II.A.6. below.