Subject to the satisfaction or waiver of the closing conditions contained herein, the purchase, sale, and issuance of the Shares shall take place at a closing (the “ Closing ”) to be held remotely via exchange of documents and signatures on December 19, 2016, subject to an extension at the option of the Company to a later date, which date shall not be later than December 31, 2016 (the day on which the Closing takes place, the “ Closing Date ”).