Common use of Balance of Purchase Price Clause in Contracts

Balance of Purchase Price. It is agreed that the full amount of the Purchase Price will be wire transferred to the Escrow Account on or before January 17, 2017, and that the Closing will take place no later than the business day immediately following the receipt of such payment. It is agreed that all of the Shares shall remain in the Escrow Account until the full amount of $260,000.00 has been paid to the Escrow Account. No later than January 16, 2017, all stock powers and corporate authorizations necessary to effectuate the transfer of the Shares shall be delivered to the Company’s transfer agent. No later than January 16, 2017, Algodon will confirm to Purchaser’s counsel that the transfer agent has the necessary paperwork to register the Shares in the name of Purchaser. On the following day, Algodon will obtain from the transfer agent the evidence of the Shares held in the Purchaser’s name, the corporate documents listed in Sections 2.12, 2.13 and 3.02 below will be disbursed to Purchaser unless already provided, and the full amount of $260,000.00 shall be disbursed as per instructions of the Seller. This Agreement may be terminated unilaterally by Seller if: (i) Seller has complied with all of its obligations hereunder and the balance of the Purchase Price for the Shares is not paid in full on or before January 17, 2017, unless an extension of time is agreed to in writing by both parties; or (ii) Purchaser has failed to comply with all material terms of this Agreement. Upon such termination, all consideration paid by Purchaser shall be delivered to Seller in accordance with the terms of the Escrow Agreement. Upon the payment of the total Purchase Price of $260,000.00 by the Purchaser to the Seller for the Shares, by wire transfer to the Escrow Account, and the receipt by the Escrow Agent of all of the Transferred Documents, the Closing will take place immediately unless extended by the parties signing this Agreement. This Agreement may be terminated unilaterally by Purchaser if: (a) the Seller fails to deliver the Documents and Transferred Documents prior to January 13, 2017 (and other documents requested by the Purchaser reasonably available to the Seller promptly after such request is made), unless an extension of time is agreed to in writing by both parties; or (b) Seller fails to deliver the Transferred Documents to the Escrow Agent in form suitable for delivery to the Company’s transfer agent within a reasonable time. Upon such termination by Purchaser, all consideration paid by Purchaser shall be returned to Purchaser in accordance with the terms of the Escrow Agreement.

Balance of Purchase Price. It is agreed that The Purchaser has wire transferred $340,000, the full amount balance of the Purchase Price will be wire transferred Price, to the Purchaser Escrow Account on or before January 17, 2017Account, and that the Closing will take place no later than on or before May 2, 2014, subject to the business day immediately following the receipt of such paymentterms and conditions herein. It is agreed that all of the Shares shall remain in escrow with the Seller Escrow Account Agent until the full amount Closing of $260,000.00 has been paid to the Escrow Account. No later than January 16, 2017sale of the Shares; At the Closing, all stock certificates, stock powers and corporate authorizations necessary to effectuate the transfer of the Shares shall be delivered to the Company’s transfer agent. No later than January 16, 2017, Algodon will confirm to Purchaser’s counsel that the transfer agent has the necessary paperwork to register the Shares in the name of Purchaser. On the following day, Algodon will obtain from the transfer agent the evidence of the Shares held in the Purchaser’s name, the corporate documents listed in Sections paragraphs 2.12, 2.13 and 3.02 below will shall be disbursed to Purchaser unless already provideddelivered as instructed by the Purchaser, and the full amount of $260,000.00 Purchase Price shall be disbursed wire transferred to the Seller Escrow Agent, as per instructions of set forth in the SellerEscrow Agreement. This Subject to the Seller and VETRO satisfying the representations and warranties set forth in Article II, this Agreement may be terminated unilaterally by Seller if: (i) Seller has complied with all of its obligations hereunder and the balance of the Purchase Price for the Shares is not paid in full to the Purchaser Escrow Agent’s Escrow Account on or before January 17May 2, 20172014, unless an extension of time is agreed to in writing by both partiesall Parties; or (ii) Purchaser has failed to comply with all material terms of this Agreement. Upon such termination, all consideration previously paid by Purchaser shall be delivered to retained by Seller in accordance with the terms of the Escrow Agreement. Upon the payment of the total Purchase Price of $260,000.00 375,000 by the Purchaser to the Seller for the Shares, by wire transfer to the Seller Escrow Account, and the receipt of all items outlined below which shall be provided by the Escrow Agent of all of the Transferred DocumentsSeller, the Closing will take place immediately unless extended by the parties signing this Agreement. This Agreement may be terminated unilaterally by Purchaser if: (a) the Seller fails to deliver the Documents and Transferred Documents prior to January 13, 2017 (and other documents requested by the Purchaser reasonably available to the Seller promptly after such request is made), unless an extension of time is agreed to in writing by both parties; or (b) Seller fails to deliver the Transferred Documents to the Escrow Agent in form suitable for delivery to the Company’s transfer agent within a reasonable time. Upon such termination by Purchaser, all consideration paid by Purchaser shall be returned to Purchaser in accordance with the terms of the Escrow Agreement.

Balance of Purchase Price. It is agreed that the full amount of the Purchase Price will be wire transferred to the Escrow Account on or before January 17December 28, 20172012, and that the Closing will take place no later than the business day immediately following the receipt of contemporaneous with such payment. It is agreed that all of the Shares shall remain in the Escrow Account until the full amount of $260,000.00 325,060.00 has been paid to into Escrow, after which the Escrow Account. No later than January 16Closing on the sale of the shares shall take place and all stock certificates, 2017, all stock powers and corporate authorizations necessary to effectuate the transfer of the Shares shall be delivered to the Company’s transfer agent. No later than January 16, 2017, Algodon will confirm to Purchaser’s counsel that the transfer agent has the necessary paperwork to register the Shares in the name of Purchaser. On the following day, Algodon will obtain from the transfer agent the evidence of the Shares held in the Purchaser’s name, the corporate documents listed in Sections paragraphs 2.12, 2.13 and 3.02 below will be disbursed to Purchaser unless already providedbelow, and the full amount of $260,000.00 325,060.00 shall be disbursed as per instructions of the Sellerotherwise instructed by Axxxxx Xxxxx. This Agreement may be terminated unilaterally by Seller if: (i) Seller has complied with all of its obligations hereunder and the balance of the Purchase Price for the Shares is not paid in full on or before January 17December 28, 20172012, unless an extension of time is agreed to in writing by both parties; or (ii) Purchaser has failed to comply with all material terms of this Agreement. Upon such termination, all consideration paid by Purchaser shall be delivered to Seller in accordance with the terms of the Escrow Agreement. Upon the payment of the total Purchase Price of $260,000.00 325,060.00 by the Purchaser to the Seller for the Shares, by wire transfer to the Escrow Account, and the receipt of all items outlined below which shall be provided by the Escrow Agent of all of the Transferred DocumentsSeller, the Closing will take place immediately unless extended by the parties signing this Agreement. This Agreement may be terminated unilaterally by Purchaser if: (a) the Seller fails to deliver the Documents and Transferred Documents prior to January 13, 2017 (and other documents requested by the Purchaser reasonably available to the Seller promptly after such request is made), unless an extension of time is agreed to in writing by both parties; or (b) Seller fails to deliver the Transferred Documents to the Escrow Agent in form suitable for delivery to the Company’s transfer agent within a reasonable time. Upon such termination by Purchaser, all consideration paid by Purchaser shall be returned to Purchaser in accordance with the terms of the Escrow Agreement.

Balance of Purchase Price. It is agreed that the full amount balance of $374,849.25 (the “Balance”) of the $424,848.25 Purchase Price will be wire transferred by the Purchaser to the Escrow Account on or before January 17, 2017the date which is no more than two business days after this Agreement is signed by all Parties, and that the Closing will take place no later than on or before August 18, 2022, assuming that the business day immediately following Escrow Agent has received the receipt of such paymentBalance, and assuming that all Closing conditions have been met or waived. It is agreed that all of the Shares shall remain in the Escrow Account until the full amount Purchase Price of $260,000.00 424,849.25 has been paid to into Escrow, after which the Escrow Account. No later than January 16Closing of the sale of the Shares shall take place and all stock certificates, 2017, all stock powers and corporate authorizations necessary to effectuate the transfer of the Shares shall be delivered to the Company’s transfer agent. No later than January 16, 2017, Algodon will confirm to Purchaser’s counsel that the transfer agent has the necessary paperwork to register the Shares in the name of Purchaser. On the following day, Algodon will obtain from the transfer agent the evidence of the Shares held in the Purchaser’s name, the corporate documents listed in Sections 2.12, 2.13 and 3.02 below will be disbursed to Purchaser unless already providedparagraphs below, and the full amount Purchase Price of $260,000.00 424,848.25 shall be disbursed as per instructions of the Seller. . (a) This Agreement may be terminated unilaterally by Seller if: (i) Seller has complied with all of its obligations hereunder and the balance Balance of the Purchase Price for the Shares is not paid in full deposited with the Escrow Agent on or before January 17, 2017the date set forth in Section 1.04 above, unless an extension of time is agreed to in writing by both parties; or (ii) Purchaser has failed to comply with all material terms of this Agreement. Upon such termination, all consideration paid deposited in escrow by Purchaser shall be delivered to Seller in accordance with the terms of the Escrow Agreement. Upon the payment of the total Purchase Price of $260,000.00 by the Purchaser to the Seller for the Shares, by wire transfer to the Escrow Account, and the receipt by the Escrow Agent of all of the Transferred Documents, the Closing will take place immediately unless extended by the parties signing this Agreement. This Agreement may be terminated unilaterally by Purchaser if: (a) the Seller fails to deliver the Documents and Transferred Documents prior to January 13, 2017 (and other documents requested by the Purchaser reasonably available to the Seller promptly after such request is made), unless an extension of time is agreed to in writing by both parties; or (b) Seller fails to deliver the Transferred Documents to the Escrow Agent in form suitable for delivery to the Company’s transfer agent within a reasonable time. Upon such termination by Purchaser, all consideration paid by Purchaser shall be returned to Purchaser released from escrow in accordance with the terms of the Escrow Agreement. (b) This Agreement may be terminated by Purchaser if Seller has materially breached any of its covenants or representations herein, which have not been cured in accordance with Section 1.03 herein. Upon such termination the Deposit and the Balance (if deposited in escrow) shall be returned to the Purchaser.

Balance of Purchase Price. It is agreed that (a) Purchaser will wire transfer $100,000 to the full amount Escrow Account on or before the close of business on Friday, January 9, 2015, and (b) the balance of $127,000 of the Purchase Price will be wire transferred to the Escrow Account on or before January 1716, 20172015, and (c) that the Closing will take place no later than the business day immediately following contemporaneous with the receipt of such paymentthe final payment of $127,000. It is agreed that all of the Shares shall remain in the Escrow Account until the full amount of $260,000.00 262,000.00 has been paid to into Escrow, after which the Escrow Account. No later than January 16Closing on the sale of the shares shall take place and all stock certificates, 2017, all stock powers and corporate authorizations necessary to effectuate the transfer of the Shares shall be delivered to the Company’s transfer agent. No later than January 16, 2017, Algodon will confirm to Purchaser’s counsel that the transfer agent has the necessary paperwork to register the Shares in the name of Purchaser. On the following day, Algodon will obtain from the transfer agent the evidence of the Shares held in the Purchaser’s name, the corporate documents listed in Sections paragraphs 2.12, 2.13 and 3.02 below will be disbursed to Purchaser unless already providedbelow, and the full amount balance of $260,000.00 227,000 in the Escrow Account shall be disbursed as per instructions of the SellerSellers. This Agreement may be terminated unilaterally by Seller Sellers if: (i) Seller has complied with all of its obligations hereunder and the balance of the Purchase Price for the Shares is not paid in full on or before January 1716, 20172015, unless an extension of time is agreed to in writing by both parties; or (ii) Purchaser has failed to comply with all material terms of this Agreement. Upon such terminationtermination because of the Purchaser’s breach of subsections (i) or (ii) herein, all consideration paid by Purchaser shall be delivered to Seller Sellers in accordance with the terms of the Escrow Agreement. Upon the payment of the total Purchase Price of $260,000.00 262,000.00 by the Purchaser to the Seller Sellers for the Shares, by wire transfer to the Escrow Account, and the receipt of all items outlined below which shall be provided by the Escrow Agent of all of the Transferred DocumentsSellers, the Closing will take place immediately unless extended by the parties signing this Agreement. This Agreement may be terminated unilaterally by Purchaser if: (a) the Seller fails to deliver the Documents and Transferred Documents prior to January 13, 2017 (and other documents requested by the Purchaser reasonably available to the Seller promptly after such request is made), unless an extension of time is agreed to in writing by both parties; or (b) Seller fails to deliver the Transferred Documents to the Escrow Agent in form suitable for delivery to the Company’s transfer agent within a reasonable time. Upon such termination by Purchaser, all consideration paid by Purchaser shall be returned to Purchaser in accordance with the terms of the Escrow Agreement.

Balance of Purchase Price. It is agreed that the full amount of the Purchase Price will be wire transferred to the Escrow Account on or before January 174, 2017, and that the Closing will take place no later than the business day immediately following the receipt of such payment. It is agreed that all of the Shares shall remain in the Escrow Account until the full amount of $260,000.00 has been paid to the Escrow Account. No later than January 163, 2017, all stock certificates, stock powers and corporate authorizations necessary to effectuate the transfer of the Shares shall be delivered to the Company’s transfer agent. No The Company’s transfer agent shall no later than January 164, 2017, Algodon will confirm to Purchaser’s counsel that the transfer agent it has the necessary paperwork to register prepared a certificate representing the Shares in the name of Purchaser. On the following day, Algodon will obtain from the transfer agent certificate for the evidence of the Shares held in the Purchaser’s nameShares, the corporate documents listed in Sections 2.12, 2.13 and 3.02 below will be disbursed to Purchaser unless already provided, and the full amount of $260,000.00 shall be disbursed as per instructions of the Seller. This Agreement may be terminated unilaterally by Seller if: (i) Seller has complied with all of its obligations hereunder and the balance of the Purchase Price for the Shares is not paid in full on or before January 174, 2017, unless an extension of time is agreed to in writing by both parties; or (ii) Purchaser has failed to comply with all material terms of this Agreement. Upon such termination, all consideration paid by Purchaser shall be delivered to Seller in accordance with the terms of the Escrow Agreement. Upon the payment of the total Purchase Price of $260,000.00 by the Purchaser to the Seller for the Shares, by wire transfer to the Escrow Account, and the receipt by the Escrow Agent of all of the Transferred Documents, the Closing will take place immediately unless extended by the parties signing this Agreement. This Agreement may be terminated unilaterally by Purchaser if: (a) the Seller fails to deliver the Documents and Transferred Documents prior to January 13December 29, 2017 2016 (and other documents requested by the Purchaser reasonably available to the Seller promptly after such request is made), unless an extension of time is agreed to in writing by both parties; or (b) Seller fails to deliver the Transferred Documents to the Escrow Agent in form suitable for delivery to the Company’s transfer agent within a reasonable time. Upon such termination by Purchaser, all consideration paid by Purchaser shall be returned to Purchaser in accordance with the terms of the Escrow Agreement.

Balance of Purchase Price. It is agreed The Purchase agrees that the full amount balance of the Purchase Price will be wire transferred to the Purchaser Escrow Account on or before January 17March 28, 20172014, and that the Closing will take place no later than the business day immediately following the receipt of contemporaneous with such payment, subject to the terms and conditions herein. It is agreed that all of the Shares shall remain in escrow with the Seller Escrow Account Agent until the full amount of $260,000.00 255,000 has been paid to into the Purchaser Escrow Agent's Escrow Account. No later than January 16, 2017after which the Closing on the sale of the Shares shall take place and all stock certificates, all stock powers and corporate authorizations necessary to effectuate the transfer of the Shares shall be delivered to the Company’s transfer agent. No later than January 16, 2017, Algodon will confirm to Purchaser’s counsel that the transfer agent has the necessary paperwork to register the Shares in the name of Purchaser. On the following day, Algodon will obtain from the transfer agent the evidence of the Shares held in the Purchaser’s name, the corporate documents listed in Sections paragraphs 2.12, 2.13 and 3.02 below will shall be disbursed to Purchaser unless already provideddelivered as instructed by the Purchaser, and the full amount balance of $260,000.00 the Purchase Price shall be disbursed as per instructions of wire transferred to the SellerSeller Escrow Agent. This Subject to the Seller and FREEFLOW satisfying the representations and warranties set forth in Article II, this Agreement may be terminated unilaterally by Seller if: (i) Seller has complied with all of its obligations hereunder and the balance of the Purchase Price for the Shares is not paid in full to the Purchaser Escrow Agent's Escrow Account on or before January 17March 28, 20172014, unless an extension of time is agreed to in writing by both partiesall Parties; or (ii) Purchaser has failed to comply with all material terms of this Agreement. Upon such termination, all consideration previously paid by Purchaser shall be delivered to retained by Seller in accordance with the terms of the Escrow Agreement. Upon the payment of the total Purchase Price of $260,000.00 255,000 by the Purchaser to the Seller for the Shares, by wire transfer to the Seller Escrow Account, and the receipt of all items outlined below which shall be provided by the Escrow Agent of all of the Transferred DocumentsSeller, the Closing will take place immediately unless extended by the parties signing this Agreement. This Agreement may be terminated unilaterally by Purchaser if: (a) the Seller fails to deliver the Documents and Transferred Documents prior to January 13, 2017 (and other documents requested by the Purchaser reasonably available to the Seller promptly after such request is made), unless an extension of time is agreed to in writing by both parties; or (b) Seller fails to deliver the Transferred Documents to the Escrow Agent in form suitable for delivery to the Company’s transfer agent within a reasonable time. Upon such termination by Purchaser, all consideration paid by Purchaser shall be returned to Purchaser in accordance with the terms of the Escrow Agreement.