Common use of Execution and Closing Clause in Contracts

Execution and Closing. The Share Exchange shall take place at such other time and place as the Seller and the Purchaser mutually agree upon, orally or in writing (which time and place is designated as the "Closing"). The Seller shall deliver to the Purchaser either (i) a certificate or certificates representing the ▇▇▇▇ Shares or (ii) instruments of assignment or transfer that shall, in the reasonable opinion of the Purchaser be necessary to transfer the ▇▇▇▇ Shares to each of the Purchaser. The Purchaser shall also make the full payment of 2,040,215 US Dollars the Seller by either (i) bank wire transfer or (ii) check. The Agreement is not deemed executed and the Share Purchase is not deemed completed until the Purchaser receives the physical certificates representing the ▇▇▇▇ Shares delivered by the Seller and the Seller receives the full payment made by the Purchaser.

Execution and Closing. The Share Exchange Purchase shall take place at such other time and place as the Seller and the Purchaser mutually agree upon, orally or in writing (which time and place is designated as the "“Closing"”). The Seller shall deliver to the Purchaser either (i) a certificate or certificates representing the ▇C▇▇▇ Shares or (ii) instruments of assignment or transfer that shall, in the reasonable opinion of the Purchaser be necessary to transfer the ▇C▇▇▇ Shares to each of the Purchaser. The Purchaser shall also make the full payment of 2,040,215 7,482777.20 US Dollars to the Seller by either (i) bank wire transfer or (ii) cashier’s check. The Agreement is not deemed executed and the Share Purchase is not deemed completed until the Purchaser receives the physical certificates representing the ▇C▇▇▇ Shares delivered by the Seller and the Seller receives the full payment made by the Purchaser.