Common use of Issuance of ▇▇▇▇▇▇▇▇ Shares and Purchase by ▇▇▇▇▇▇▇▇ Clause in Contracts

Issuance of ▇▇▇▇▇▇▇▇ Shares and Purchase by ▇▇▇▇▇▇▇▇. On the Closing Date, provided that all of the conditions precedent set forth in Sections 8.1 and 8.2 hereof shall have been fulfilled, Newco shall issue and deliver to ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇▇ shall subscribe for and pay in cash, for the Subscription Price (as defined below), newly issued Common Shares which shall represent approximately 40% (forty per cent) of the total and voting capital of Newco (the “▇▇▇▇▇▇▇▇ Subscribed Shares”).