Subject to the satisfaction or waiver of the conditions set forth in this Section 3, the completion of the purchase and sale of the Shares shall occur in two stages, each a “ Closing ”. The initial Closing (the “ Initial Closing ”) shall occur on January 24, 2017. The Purchasers participating in the Initial Closing will purchase a minimum of $1 million of Shares in the aggregate. The final Closing (the “ Final Closing ”) shall occur no later than February 23, 2017, or as soon thereafter as may be practicable.