Purchase and Sale Clause Example from Business Contracts

Purchase and Sale. Upon the terms and subject to the conditions set forth in this Agreement and in consideration of Two Hundred Fifty Thousand United States Dollars (US$250,000) (the "Purchase Price") delivered by the Subscriber to the Company on the Funding Date, the Company hereby agrees to issue the Shares and the Warrant to the Subscriber on the Funding Date. The Company agrees to issue and deliver the Securities to the Subscriber free of all liens, pledges, mortgages, security interests, charges, restrictions..., adverse claims or other encumbrances of any kind or nature whatsoever ("Encumbrances"), and Subscriber hereby agrees to accept the Securities free of all Encumbrances. View More