Common use of Issuance of Subscription Shares Clause in Contracts

Issuance of Subscription Shares. Subject to the terms and conditions of this Agreement, each of the Investors hereby agrees to subscribe at the Closing and the Company hereby agrees to allot and issue to each of the Investors at the Closing, such number of Series A Preferred Shares as set forth opposite the name of such Investor (the “Subscription Shares”) at the per share price of US$367.183. The price of purchase payable by an Investor (the “Subscription Price”) is as set forth opposite the name of such Investor in Schedule II. The Subscription Shares, when issued at the Closing, will comprise such percentage of the Company’s allotted and issued share capital on a fully-diluted and as converted basis as set forth opposite the name of each Investor. Schedule V sets forth the capitalization table of the Company immediately before the Closing, and Schedule VI sets forth the capitalization table of the Company immediately after the Closing.