Common use of Purchase Price Closing Clause in Contracts

Purchase Price Closing. 8.1 The aggregate purchase price for the Shares shall be $427,500 (the "Purchase Price"). Purchaser shall pay the Purchase Price (payable as to each -------------- Seller on a pro-rata basis based upon the share ownerships set forth on Exhibit ------- A hereto) on the Closing Date (as defined below), in cash by wire transfer of - immediately available funds to a bank account(s) designated by the Sellers and Sellers shall deliver evidence from the Depository Trust Company ("DTC") that --- the Shares have been transferred from Sellers' respective accounts at DTC to an account of Purchaser as directed by Purchaser in accordance with the terms hereof. 8.2 The closing (the "Closing") shall take place at the offices of ------- ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, LLP, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ (or at such place as may be mutually agreed upon by the parties hereto) at 10:00 A.M. New York City time on the first business day immediately following the date on which the last of the conditions set forth in Section 5 herein and Article VII to the --------- ----------- Securities Purchase Agreement is fulfilled or waived (other than conditions that by their nature are required to be performed on the Closing Date, but subject to ------------ satisfaction of such conditions) (the "Closing Date") or at such other time and place and such other date as Purchaser and SAR mutually agree. All events occurring at the Closing will, unless otherwise specified, be deemed to have simultaneously occurred.