Common use of Payment of Initial Purchase Price; Delivery of Covered Securities; Transfer Agent Clause in Contracts

Payment of Initial Purchase Price; Delivery of Covered Securities; Transfer Agent. At the closing of the Initial Purchase (i) the H&Q Representative and the Buyers' Representative shall prepare and execute a Joint Written Instruction in respect of the Initial Purchase (ii) the Buyers shall pay the purchase price in full to the Buyers' Representative for disbursement to the H&Q Representative on behalf of the H&Q Parties, (iii) the Company shall obtain bank checks payable to the applicable selling H&Q Party, (iv) the H&Q Representative shall deliver to the Buyers' Representative the applicable Covered Securities (with such duly and validly executed stock powers) and (v) the Company shall, and shall instruct its transfer agent to, take such action as is necessary to reflect the transfer of the Covered Securities, in each case as set forth in the Joint Written Instruction. Such actions of the Company and its transfer agent may include, without limitation, (i) instructions to cancel one certificate representing Common Stock held by an H&Q Party and to issue new certificates representing, in aggregate, the same number of shares of Common Stock to one or more Buyers and such H&Q Party and to (ii) convert Warrants to Common Stock as permitted pursuant to Section 15 of this Agreement.

Payment of Initial Purchase Price; Delivery of Covered Securities; Transfer Agent. At the closing of the Initial Purchase (i) the H&Q Representative and the Buyers' ’ Representative shall prepare and execute a Joint Written Instruction in respect of the Initial Purchase (ii) the Buyers shall pay the purchase price in full to the Buyers' ’ Representative for disbursement to the H&Q Representative on behalf of the H&Q Parties, (iii) the Company shall obtain bank checks payable to the applicable selling H&Q Party, (iv) the H&Q Representative shall deliver to the Buyers' ’ Representative the applicable Covered Securities (with such duly and validly executed stock powers) and (v) the Company shall, and shall instruct its transfer agent to, take such action as is necessary to reflect the transfer of the Covered Securities, in each case as set forth in the Joint Written Instruction. Such actions of the Company and its transfer agent may include, without limitation, (i) instructions to cancel one certificate representing Common Stock held by an H&Q Party and to issue new certificates representing, in aggregate, the same number of shares of Common Stock to one or more Buyers and such H&Q Party and to (ii) convert Warrants to Common Stock as permitted pursuant to Section 15 of this Agreement.

Payment of Initial Purchase Price; Delivery of Covered Securities; Transfer Agent. At the closing of the Initial Purchase (i) the H&Q Representative and the Buyers' Representative shall prepare and execute a Joint Written Instruction in respect of the Initial Purchase (ii) the Buyers shall pay the purchase price in full to the Buyers' Representative for disbursement to the H&Q Representative on behalf of the H&Q Parties, (iii) the iii)the Company shall obtain bank checks payable to the applicable selling H&Q Party, (iv) the H&Q Representative shall deliver to the Buyers' Representative the applicable Covered Securities (with such duly and validly executed stock powers) and (v) the Company shall, and shall instruct its transfer agent to, take such action as is necessary to reflect the transfer of the Covered Securities, in each case as set forth in the Joint Written Instruction. Such actions of the Company and its transfer agent may include, without limitation, (i) instructions to cancel one certificate representing Common Stock held by an H&Q Party and to issue new certificates representing, in aggregate, the same number of shares of Common Stock to one or more Buyers and such H&Q Party and to (ii) convert Warrants to Common Stock as permitted pursuant to Section 15 of this Agreement. 4.