Common use of Original Issue Discount; Transaction Expenses Clause in Contracts

Original Issue Discount; Transaction Expenses. The Note carries an original issue discount of $150,000.00 (the “OID”). In addition, the Company agrees to pay $10,000.00 to Buyer to cover Buyer’s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the purchase and sale of the Securities, $2,500.00 of which amount was previously paid to Buyer and $7,500.00 (the “Carried Transaction Expense Amount”) of which amount is included in the initial principal balance of this Note. The Purchase Price, therefore, shall be $1,500,000.00, computed as follows: $1,657,500.00 original principal balance, less the OID, less the Carried Transaction Expense Amount. The Initial Cash Purchase Price shall be the Purchase Price less the sum of the initial principal amounts of the Secured Buyer Notes and the Buyer Notes.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Cabinet Grow, Inc.), Securities Purchase Agreement (Cabinet Grow, Inc.)

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Original Issue Discount; Transaction Expenses. The Note carries an original issue discount of $150,000.00 20,000.00 (the “OID”). In addition, the Company agrees to pay $10,000.00 5,000.00 to Buyer Investor to cover BuyerInvestor’s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the purchase and sale of the Securities, $2,500.00 of which amount was previously paid to Buyer and $7,500.00 Securities (the “Carried Transaction Expense Amount”) ), all of which amount is included in the initial principal balance of this the Note. The Purchase Price, therefore, shall be $1,500,000.00200,000.00, computed as follows: $1,657,500.00 225,000.00 original principal balance, less the OID, less the Carried Transaction Expense Amount. The Initial Cash Purchase Price shall be the Purchase Price less the sum of the initial principal amounts of the Secured Buyer Notes Investor Notes. The portion of the OID and the Buyer Notes.Transaction Expense Amount allocated to the Initial Cash Purchase Price are set forth on Exhibit C.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Artec Global Media, Inc.), Securities Purchase Agreement (Reve Technologies, Inc.)

Original Issue Discount; Transaction Expenses. The Note carries an original issue discount of $150,000.00 22,500.00 (the “OID”). In addition, the Company agrees to pay $10,000.00 5,000.00 to Buyer Investor to cover BuyerInvestor’s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the purchase and sale of the Securities, $2,500.00 of which amount was previously paid to Buyer and $7,500.00 Securities (the “Carried Transaction Expense Amount”) ), all of which amount is included in the initial principal balance of this the Note. The Purchase Price, therefore, shall be $1,500,000.00225,000.00, computed as follows: $1,657,500.00 252,500.00 original principal balance, less the OID, less the Carried Transaction Expense Amount. The Initial Cash Purchase Price shall be the Purchase Price less the sum of the initial principal amounts of the Secured Buyer Notes Investor Notes. The portions of the OID and the Buyer Notes.Transaction Expense Amount allocated to the Initial Cash Purchase Price are set forth on Exhibit B.

Appears in 1 contract

Samples: Securities Purchase Agreement (Rvue Holdings, Inc.)

Original Issue Discount; Transaction Expenses. The Note carries an original issue discount of $150,000.00 100,000.00 (the “OID”). In addition, the Company agrees to pay $10,000.00 5,000.00 to Buyer Investor to cover BuyerInvestor’s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the purchase and sale of the Securities, $2,500.00 of which amount was previously paid to Buyer and $7,500.00 Securities (the “Carried Transaction Expense Amount”) ), all of which amount is included in the initial principal balance of this Note. The Purchase Price, therefore, shall be $1,500,000.001,000,000.00, computed as follows: $1,657,500.00 1,105,000.00 original principal balance, less the OID, less the Carried Transaction Expense Amount. The Initial Cash Purchase Price shall be the Purchase Price less the sum of the initial principal amounts of the Secured Buyer Investor Notes and the Buyer Investor Notes. The OID and the Transaction Expense Amount allocated to the Initial Cash Purchase Price are set forth on . 2.

Appears in 1 contract

Samples: Securities Purchase Agreement (Medijane Holdings Inc.)

Original Issue Discount; Transaction Expenses. The Note carries an original issue discount of $150,000.00 (the “OID”). In addition, the Company agrees to pay $10,000.00 7,500.00 to Buyer Investor to cover BuyerInvestor’s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the purchase and sale of the Securities, $2,500.00 of which amount was previously paid to Buyer and $7,500.00 Securities (the “Carried Transaction Expense Amount”) ), all of which amount is included in the initial principal balance of this Note. The Purchase Price, therefore, shall be $1,500,000.00, computed as follows: $1,657,500.00 original principal balance, less the OID, less the Carried Transaction Expense Amount. The Initial Cash Purchase Price shall be the Purchase Price less the sum of the initial principal amounts of the Secured Buyer Notes Investor Notes. The OID and the Buyer Notes.Transaction Expense Amount allocated to the Initial Cash Purchase Price are set forth on Exhibit C.

Appears in 1 contract

Samples: Securities Purchase Agreement (United Cannabis Corp)

Original Issue Discount; Transaction Expenses. The Note carries an original issue discount of $150,000.00 22,500.00 (the “OID”). In addition, the Company agrees to pay $10,000.00 5,000.00 to Buyer Investor to cover BuyerInvestor’s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the purchase and sale of the Securities, $2,500.00 of which amount was previously paid to Buyer and $7,500.00 Securities (the “Carried Transaction Expense Amount”) ), all of which amount is included in the initial principal balance of this the Note. The Purchase Price, therefore, shall be $1,500,000.00225,000.00, computed as follows: $1,657,500.00 252,500.00 original principal balance, less the OID, less the Carried Transaction Expense Amount. The Initial Cash Purchase Price shall be the Purchase Price less the sum of the initial principal amounts of the Secured Buyer Notes Investor Notes. The portion of the OID and the Buyer Notes.Transaction Expense Amount allocated to the Initial Cash Purchase Price are set forth on Exhibit B.

Appears in 1 contract

Samples: Securities Purchase Agreement (Avalanche International, Corp.)

Original Issue Discount; Transaction Expenses. The Note carries an original issue discount of $150,000.00 30,000.00 (the “OID”). In addition, the Company agrees to pay $10,000.00 5,000.00 to Buyer Investor to cover BuyerInvestor’s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the purchase and sale of the Securities, $2,500.00 of which amount was previously paid to Buyer and $7,500.00 Securities (the “Carried Transaction Expense Amount”) ), all of which amount is included in the initial principal balance of this the Note. The Purchase Price, therefore, shall be $1,500,000.00300,000.00, computed as follows: $1,657,500.00 335,000.00 original principal balance, less the OID, less the Carried Transaction Expense Amount. The Initial Cash Purchase Price shall be the Purchase Price less the sum of the initial principal amounts of the Secured Buyer Notes and the Buyer Investor Notes.

Appears in 1 contract

Samples: Securities Purchase Agreement (BioNeutral Group, Inc)

Original Issue Discount; Transaction Expenses. The Note carries an original issue discount of $150,000.00 100,000.00 (the “OID”). In addition, the Company agrees to pay $10,000.00 5,000.00 to Buyer Investor to cover BuyerInvestor’s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the purchase and sale of the Securities, $2,500.00 of which amount was previously paid to Buyer and $7,500.00 Securities (the “Carried Transaction Expense Amount”) ), all of which amount is included in the initial principal balance of this the Note. The Purchase Price, therefore, shall be $1,500,000.001,000,000.00, computed as follows: $1,657,500.00 1,105,000.00 original principal balance, less the OID, less the Carried Transaction Expense Amount. The Initial Cash Purchase Price shall be the Purchase Price less the sum of the initial principal amounts of the Secured Buyer Notes Investor Note and the Buyer Investor Notes.. The portions of the OID and the Transaction Expense Amount allocated to the Initial Cash Purchase Price are set forth on Exhibit D.

Appears in 1 contract

Samples: Securities Purchase Agreement (Myecheck, Inc.)

Original Issue Discount; Transaction Expenses. The Note carries an original issue discount of $150,000.00 32,500.00 (the “OID”). In addition, the Company agrees to pay $10,000.00 5,000.00 to Buyer Investor to cover BuyerInvestor’s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the purchase and sale of the Securities, $2,500.00 of which amount was previously paid to Buyer and $7,500.00 Securities (the “Carried Transaction Expense Amount”) ), all of which amount is included in the initial principal balance of this the Note. The Purchase Price, therefore, shall be $1,500,000.00325,000.00, computed as follows: $1,657,500.00 362,500.00 original principal balance, less the OID, less the Carried Transaction Expense Amount. The Initial Cash Purchase Price shall be the Purchase Price less the sum of the initial principal amounts of the Secured Buyer Notes Investor Notes. The portion of the OID and the Buyer Notes.Transaction Expense Amount allocated to the Initial Cash Purchase Price are set forth on Exhibit C.

Appears in 1 contract

Samples: Securities Purchase Agreement (Rich Pharmaceuticals, Inc.)

Original Issue Discount; Transaction Expenses. The Note carries an original issue discount of $150,000.00 80,000.00 (the “OID”). In addition, the Company agrees to pay $10,000.00 7,500.00 to Buyer Investor to cover BuyerInvestor’s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the purchase and sale of the Securities, $2,500.00 of which amount was previously paid to Buyer and $7,500.00 Securities (the “Carried Transaction Expense Amount”) ), all of which amount is included in the initial principal balance of this the Note. The Purchase Price, therefore, shall be $1,500,000.001,600,000.00, computed as follows: $1,657,500.00 1,687,500.00 original principal balance, less the OID, less the Carried Transaction Expense Amount. The Initial Cash Purchase Price shall be the Purchase Price less the sum of the initial principal amounts of the Secured Buyer Notes Investor Notes. The OID and the Buyer NotesTransaction Expense Amount allocated to the Initial Cash Purchase Price are set forth on Exhibit B. 2.

Appears in 1 contract

Samples: Securities Purchase Agreement (Vapor Hub International Inc.)

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Original Issue Discount; Transaction Expenses. The Note carries an original issue discount of $150,000.00 30,000.00 (the "OID"). In addition, the Company agrees to pay $10,000.00 5,000.00 to Buyer Investor to cover Buyer’s Investor's legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the purchase and sale of the Securities, $2,500.00 of which amount was previously paid to Buyer and $7,500.00 Securities (the “Carried "Transaction Expense Amount”) "), all of which amount is included in the initial principal balance of this the Note. The Purchase Price, therefore, shall be $1,500,000.00300,000.00, computed as follows: $1,657,500.00 335,000.00 original principal balance, less the OID, less the Carried Transaction Expense Amount. The Initial Cash Purchase Price shall be the Purchase Price less the sum of the initial principal amounts of the Secured Buyer Notes Investor Notes. The portion of the OID and the Buyer Notes.Transaction Expense Amount allocated to the Initial Cash Purchase Price are set forth on Exhibit C.

Appears in 1 contract

Samples: Securities Purchase Agreement (Empire Global Corp.)

Original Issue Discount; Transaction Expenses. The Note carries an original issue discount of $150,000.00 30,000.00 (the “OID”). In addition, the Company agrees to pay $10,000.00 5,000.00 to Buyer Investor to cover BuyerInvestor’s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the purchase and sale of the Securities, $2,500.00 of which amount was previously paid to Buyer and $7,500.00 Securities (the “Carried Transaction Expense Amount”) ), all of which amount is included in the initial principal balance of this Note. The Purchase Price, therefore, shall be $1,500,000.00500,000.00, computed as follows: $1,657,500.00 535,000.00 original principal balance, less the OID, less the Carried Transaction Expense Amount. The Initial Cash Purchase Price shall be the Purchase Price less the sum of the initial principal amounts of the Secured Buyer Investor Notes and the Buyer Investor Notes.. The OID and the Transaction Expense Amount allocated to the Purchase Price are set forth on Exhibit D.

Appears in 1 contract

Samples: Securities Purchase Agreement (Osl Holdings Inc.)

Original Issue Discount; Transaction Expenses. The Note carries an original issue discount of $150,000.00 110,000.00 (the “OID”). In addition, the Company agrees to pay $10,000.00 5,000.00 to Buyer Investor to cover BuyerInvestor’s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the purchase and sale of the Securities, $2,500.00 of which amount was previously paid to Buyer and $7,500.00 Securities (the “Carried Transaction Expense Amount”) ), all of which amount is included in the initial principal balance of this the Note. The Purchase Price, therefore, shall be $1,500,000.001,100,000.00, computed as follows: $1,657,500.00 1,215,000.00 original principal balance, less the OID, less the Carried Transaction Expense Amount. The Initial Cash Purchase Price shall be the Purchase Price less the sum of the initial principal amounts of the Secured Buyer Notes Investor Notes. The portions of the OID and the Buyer Notes.Transaction Expense Amount allocated to the Initial Cash Purchase Price are set forth on Exhibit B.

Appears in 1 contract

Samples: Security Agreement (Panther Biotechnology, Inc.)

Original Issue Discount; Transaction Expenses. The Note carries an original issue discount of $150,000.00 25,000.00 (the “OID”). In addition, the Company agrees to pay $10,000.00 4,000.00 to Buyer Investor to cover BuyerInvestor’s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the purchase and sale of the Securities, $2,500.00 of which amount was previously paid to Buyer and $7,500.00 Securities (the “Carried Transaction Expense Amount”) ), all of which amount is included in the initial principal balance of this Note. The Purchase Price, therefore, shall be $1,500,000.00250,000.00, computed as follows: $1,657,500.00 279,000.00 original principal balance, less the OID, less the Carried Transaction Expense Amount. The Initial Cash Purchase Price shall be the Purchase Price less the sum of the initial principal amounts of the Secured Buyer Notes Investor Notes. The OID and the Buyer Notes.Transaction Expense Amount allocated to the Initial Cash Purchase Price are set forth on Exhibit C.

Appears in 1 contract

Samples: Securities Purchase Agreement (Endeavor Ip, Inc.)

Original Issue Discount; Transaction Expenses. The Note carries an original issue discount of $150,000.00 10,000.00 (the “OID”). In addition, the Company agrees to pay $10,000.00 5,000.00 to Buyer Investor to cover BuyerInvestor’s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the purchase and sale of the Securities, $2,500.00 of which amount was previously paid to Buyer and $7,500.00 Securities (the “Carried Transaction Expense Amount”) ), all of which amount is included in the initial principal balance of this the Note. The Purchase Price, therefore, shall be $1,500,000.00200,000.00, computed as follows: $1,657,500.00 215,000.00 original principal balance, less the OID, less the Carried Transaction Expense Amount. The Initial Cash Purchase Price shall be the Purchase Price less the sum of the initial principal amounts of the Secured Buyer Notes Investor Notes. The portion of the OID and the Buyer Notes.Transaction Expense Amount allocated to the Initial Cash Purchase Price are set forth on Exhibit B.

Appears in 1 contract

Samples: Securities Purchase Agreement (Saleen Automotive, Inc.)

Original Issue Discount; Transaction Expenses. The Note carries an original issue discount of $150,000.00 182,000.00 (the “OID”). In addition, the Company agrees to pay $10,000.00 to Buyer Investor to cover BuyerInvestor’s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the purchase and sale of the Securities, $2,500.00 of which amount was previously paid to Buyer and $7,500.00 Securities (the “Carried Transaction Expense Amount”) ), all of which amount is included in the initial principal balance of this the Note. The Purchase Price, therefore, shall be $1,500,000.001,808,000.00, computed as follows: $1,657,500.00 2,000,000.00 original principal balance, less the OID, less the Carried Transaction Expense Amount. The Initial Cash Purchase Price shall be the Purchase Price less the sum of the initial principal amounts amount of the Secured Buyer Notes Investor Note. The portions of the OID and the Buyer Notes.Transaction Expense Amount allocated to the Initial Cash Purchase Price are set forth on Exhibit B.

Appears in 1 contract

Samples: Securities Purchase Agreement (Vape Holdings, Inc.)

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