On or prior to the Closing Date, the Holder shall, to the extent required by the transfer agent in order to effect the transfer, instruct the transfer agent of the Series A Preferred Stock to deliver the Repurchased Shares to the Company and the Holder shall execute and provide any other documentation required by the Company or the transfer agent in order to effect the transfer and sale of the Repurchased Shares. After delivery of all required documentation, on the Closing Date, the Company shall pay, or cause to be paid, to the Holder by wire transfer of immediately available funds to the account designated by the Holder on the signature page to this Agreement, an amount equal to the product of the (1) Purchase Price and (2) the number of Repurchased Shares sold by the Holder, at which time the Repurchased Shares shall be deemed purchased by the Company.