Common use of Payments on Closing Clause in Contracts

Payments on Closing. At the Closing on the Closing Date, Buyer shall, in consideration for good and marketable title to the Company Shares, free and clear of all Liens, charges, encumbrances and restrictions of any kind (other than those imposed pursuant to the terms of this Agreement), issue Fifteen Million Shares of the restricted Buyer Common Stock to Sellers on a pro rata basis of their holdings of Company Stock. The exact breakdown on the 15,000,000 shares is attached as Schedule 3.4 to this Agreement.

Payments on Closing. At the Closing on the Closing Date, Buyer shall, in consideration for good and marketable title to the Company Shares, free and clear of all Liens, charges, encumbrances and restrictions of any kind (other than those imposed pursuant to the terms of this Agreement), issue Fifteen Seventeen Million Shares of the restricted Buyer Common Stock to Sellers on a pro rata basis of their holdings of Company Stock. The exact breakdown on the 15,000,000 17,000,000 shares is attached as Schedule 3.4 to this Agreement.