Purchase and Sale of the Shares Clause Example from Business Contracts

This example Purchase and Sale of the Shares clause appears in 2 contracts from 1 company

Purchase and Sale of the Shares. On the Closing Date (as defined below), upon the terms and subject to the conditions set forth herein, the Company will issue and sell, and each Investor will purchase, severally and not jointly, the number of Shares set forth opposite the name of such Investor under the heading "Number of Shares" on Exhibit A attached hereto. The purchase price per Share shall be $3.40.