Common use of First Year Closing Clause in Contracts

First Year Closing. Subject to the terms and conditions of this Agreement, during calendar year 2012 and on or prior to the date that is forty-five (45) days following delivery of a Funding Option Exercise Notice (a “First Year Closing”). Arcadia shall purchase and Bioceres shall sell and issue to Arcadia, the number of shares of Common Stock set forth on the Funding Option Exercise Notice (the aggregate number of shares purchased in 2012, the “First Year Shares) at a purchase price equal to *** per share (the “Initial Purchase Price”) or the New Purchase Price (as defined below), if any. The number of First Year Shares purchased and the price per share shall be set forth on Exhibit B.