share purchase agreement - The Law Society of Saskatchewan

8(c)[A][The parties] will cause audited consolidated financialstatements of the Corporation as of and for the [number]month period ending [date] to be prepared as soon aspossible and, in any event, no later than [date] daysprior to the Closing Date. Such financial statementswill include a balance sheet, an income statement, astatement of changes in financial position and notes andwill be audited[by the Corporation's accounting firm]OR[B] [by [name], which is an independent accounting firmjointly selected by the Vendor and the Purchaser]OR[C][jointly by an accounting firm designated by the Vendorand an accounting firm designated by the Purchaser].Such financial statements will be prepared in accordancewith generally accepted accounting principles applied ona basis consistent with the Audited FinancialStatements, except that [exceptions]. The fees andexpenses of such accounting firm( s) in auditing suchfinancial statements will be paid by [name of party orparties responsible for audit expenses].2.3 PAYMENT OF PURCHASE PRICE:The Purchase Price will be paid as follows:(1) Concurrently with the execution of this Agreement, thePurchaser will pay to [name of deposit holder, often Vendor'scounsel] in trust, by certified cheque or bank draft, the sumof $[amount] (the "Deposit") as a deposit. The Deposit willbe deposited by [name of deposit holder] in aninterest-bearing account of a Canadian chartered bank or trustcompany in [city] in the name of [name of deposit holder] andwill be dealt with in accordance with the followingprovisions:(a) If the purchase and sale of the Purchased Shares iscompleted at the Closing Time, the Deposit plus allinterest earned thereon will be released from trust andapplied toward satisfaction of the Purchase Price.(b)If the purchase and sale of the Purchased Shares is notcompleted for any reason other than the failure of thePurchaser to satisfy any of the conditions set out in