Sellers

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1. The ownership of the property shall be transferred to the purchaser when the total amount of purchase price (including its consumption tax–VAT–), premium (including its consumption tax) and prescribed expenses (hereinafter collectively "Total Amount") is paid.
2. ARTES shall pay to the Seller the selling price in Swiss Francs by the method agreed upon by the Seller and ARTES, within thirty (30) days after the Total Amount stated in the previous clause (1) is paid.
3. ARTES shall deduct the premium stated in Article 8 of the Exhibit, Sales & Consignment Agreement and the expenses to be borne by the Seller, if any, from the selling price at the time of payment stated in the previous clause 2.