Common use of Shares to be Transferred and Shares to be Issued Clause in Contracts

Shares to be Transferred and Shares to be Issued. 1. a. On the closing date the Shareholders shall transfer to Purchaser certificates representing the equity of the Company described in Schedule "A", attached hereto and incorporated herein, which in the aggregate shall represent all of the issued and outstanding Shares of the Company. Such certificates shall be duly endorsed in blank by Shareholders or accompanied by duly executed certificate powers in blank with signatures guaranteed. Alternatively, the Shareholders may assign their rights to the Shares if the Shares have not been physically issued in the form of certificates.

Shares to be Transferred and Shares to be Issued. 1. 1.1 a. On the closing date the Shareholders shall transfer to Purchaser certificates representing the equity of the Company described in Schedule "A", attached hereto and incorporated herein, which in the aggregate shall represent all of the issued and outstanding Shares shares of the CompanyCompany (the "Shares"). Such certificates shall be duly endorsed in blank to the Purchaser by Shareholders or accompanied by duly executed certificate powers in blank transferring to the Purchaser with signatures guaranteed. Alternatively, the Shareholders may assign their rights to the Shares if the Shares have not been physically issued in the form of certificates.