Purchase and Sale Clause Example from Business Contracts

Purchase and Sale. On the Closing Date (as defined below), the Company shall issue and sell to the Buyer and the Buyer agrees to purchase from the Company one hundred million restricted common shares. (collectively the "Securities"). 1.1 Form of Payment. On the Closing Date, (i) the Buyer shall pay the purchase price of $250,000 (the "Purchase Price") at the 1St Closing (as defined below) and $250,000 (the "Purchase Price") at the 2nd Closing (as defined below) by wire transfer of immediately available funds to a ...Company account designated by the Company, in accordance with the Company's written wiring instructions, against delivery of the Securities, and (ii) the Company shall deliver such duly executed Securities on behalf of the Company, to the Buyer, against delivery of such Purchase Price. 1.2 Closing Date(s). The date and time of the issuance and sale of the Securities pursuant to this Agreement (the "Closing Date") for the 1' Closing shall be on or about May X, 2022, or such other mutually agreed upon time. The 2"" Closing shall be within five days after the filing of the S-1 Registration Statement underlying the Equity Line of Credit. The closings of the transactions contemplated by this Agreement (the "Closing") shall occur on the Closing Dates at such location as may be agreed to by the parties. View More