Subject to the last sentence of this Section 2.2, the sale and purchase of the Company Common Shares shall take place at a closing (the “Closing”) to be held at the offices of Cooley LLP, 1114 Avenue of the Americas, New York, New York (except that the Closing may be conducted as a “virtual closing”, with the parties providing signature pages to each other electronically or via facsimile), at 10:00 A.M., local time, on the Closing Date. On the first Business Day after the conditions set forth in Sections 6.1 and 7.1 (other than those to be satisfied on the Closing Date, which shall be satisfied or waived on such date) have been satisfied or waived by the party entitled to waive such conditions or such later date and time as the parties may agree in writing (the “Closing Date”), the Purchaser shall (a)(i) deliver to the Seller by wire transfer in immediately available funds to an account or accounts designated in writing by the Seller to the Purchaser on the Closing Date, funds in an amount equal to the Purchase Price, (ii) deliver to Seller the Promissory Note, and (iii) make or cause to be made the deliveries applicable to the Purchaser set forth in Section 7.1 and (b) the Seller shall (i) deliver to the Purchaser the Company Common Shares and (ii) make or cause to be made the deliveries set forth in Section 6.1. In no event shall the Purchaser by reason of this Section 2.2, any of the other terms of this Agreement or otherwise, be obligated to deliver to the Seller any of the Wecast Common Shares unless and until the terms set forth in Section 2.3 have been fulfilled by the Company.