AMOUNT AND PAYMENT OF PURCHASE PRICE. The total consideration and method of payment thereof are fully set out in Exhibit "A" attached hereto and made a part hereof.
AMOUNT AND PAYMENT OF PURCHASE PRICE. 3.1.1 The Purchase Price for the Property shall be Thirty-One Million Seven Hundred Fifty Thousand and No/100 ($31,750,000), subject to adjustment as provided for in Section 7 hereof.
3.1.2 At Closing, the Purchase Price shall be paid by Purchaser to Seller in cash, by federal funds check or by wire transfer of immediately available funds.
AMOUNT AND PAYMENT OF PURCHASE PRICE. As total consideration for the purchase and sale of the Corporation’s Stock, pursuant to this Agreement, the Purchaser shall pay to the Seller the $1,350,000.00 in the form of 150,000 Series B Preferred shares of common stock representing a common stock price of $0.009 based on a conversion ratio of 1-1000, such total consideration to be referred to in this Agreement as the “Purchase Price”.
AMOUNT AND PAYMENT OF PURCHASE PRICE. The total consideration and method of payment thereof are fully set out in '"Attachment A" attached hereto and made a part hereof.
AMOUNT AND PAYMENT OF PURCHASE PRICE. The total consideration and method of payment thereof are fully set out in Exhibit "A" attached to this Agreement and incorporated herein for all purposes as if set forth in full.
AMOUNT AND PAYMENT OF PURCHASE PRICE. The full purchase price of the Stock shall be $150,000 in accordance with the allocation set forth in Exhibit "A" attached and incorporated herein, all in the aggregate sum of One Hundred Fifty Thousand ($150,000) Dollars and 00/100.
AMOUNT AND PAYMENT OF PURCHASE PRICE. The total consideration and method of payment thereof are set forth below:
AMOUNT AND PAYMENT OF PURCHASE PRICE. Section 3.1
AMOUNT AND PAYMENT OF PURCHASE PRICE. The terms of delivery, payment and consideration are fully set out on Schedule B attached hereto and made a part hereof.
AMOUNT AND PAYMENT OF PURCHASE PRICE. The Purchase Price shall be five million five hundred thousand dollars ($5,500,000), which shall be paid as follows:
(i) PURCHASER shall pay to SELLER Five hundred thousand dollars ($500,000) at the Closing by certified check. An additional five hundred thousand dollars ($500,000) shall be escrowed at the Closing pursuant to a Purchase Price Escrow Agreement similar to that which is attached hereto as Exhibit "A", and shall be held in escrow until all the agreements listed in Schedule A have been executed, amended or modified to acknowledge PURCHASER'S acquisition of SELLER'S Shares and/or to make PURCHASER a party to each agreement such that the PURCHASER will have full benefit of the agreements.
(ii) At the Closing, PURCHASER shall issue to SELLER, a two (2) year promissory note in the sum of three million five hundred thousand dollars ($3,500,000) (the "Note"), a copy of which is attached hereto as Exhibit "B". The Note shall pay no interest. Pursuant to the terms and conditions of the Note, PURCHASER shall pay to SELLER seven (7) equal cash installments" of two hundred fifty thousand dollars ($250,000). The initial installment shall be payable ninety (90) days after Closing, and the remaining installments are payable every three (3) months thereafter. The PURCHASER shall also pay to SELLER an additional payment of one million dollars ($1,000,000) on January 3, 2007. The PURCHASER shall further pay SELLER an additional payment of seven hundred fifty thousand dollars ($750,000) on April 3, 2008. The Note shall be secured as provided in Paragraph D herein.
(iii) PURCHASER shall issue to SELLER one million dollars ($1,000,000) worth of its convertible preferred stock. The preferred shares will be paid to Xx. Xxxxxx within three (3) days of the completion of the Company's 2005 audit. The value of the shares will be based on the closing price of the Purchaser's stock on the day of Closing.
