Common use of Loan Origination Fee Clause in Contracts

Loan Origination Fee. In consideration for the purchase by Investor of the Note, the Company will pay to Investor, as soon as practicable after the date hereof, a Loan Origination Fee of $37,500.00US (10% of the Purchase Price), payable in shares of the Company’s Common Stock (the “Fee Shares”), which Fee Shares shall be valued at the closing price therefor on the OTCBB on the day preceding the date hereof.

Appears in 3 contracts

Samples: Note Purchase Agreement (Biolife Solutions Inc), Note Purchase Agreement (Biolife Solutions Inc), Note Purchase Agreement (Biolife Solutions Inc)

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Loan Origination Fee. In consideration for the purchase by Investor of the Note, the Company will pay to Investor, as soon as practicable after the date hereof, a Loan Origination Fee of 2 $37,500.00US (10% of the Purchase Price), payable in shares of the Company’s Common Stock (the “Fee Shares”), which Fee Shares shall be valued at the closing price therefor on the OTCBB on the day preceding the date hereof.

Appears in 1 contract

Samples: Note Purchase Agreement (Biolife Solutions Inc)

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