Payments Following Closing. If a payment is received by Seller or any of their respective Affiliates from any Person with respect to Inventory acquired by Purchaser under this Agreement and sold by Purchaser after the Closing, Seller shall forward such payment to Purchaser as promptly as practicable after receipt.
Payments Following Closing. The Cash Purchase Price shall be paid as follows, without setoff or deduction, by wire transfer of immediately available Untied States funds into an account or accounts designated by Seller:
(a) On the Closing Date, Five Hundred Thousand Dollars ($500,000) paid on 10/27/2023;
(b) On or before January 31, 2024, Three Hundred Seventy-Five Thousand Dollars ($375,000); and
(c) On or before February 29, 2024, Three Hundred Seventy-Five Thousand Dollars ($375,000);
(d) On or before March 31, 2024, Three Hundred Seventy-Five Thousand Dollars ($375,000); and
Payments Following Closing. Following the Closing, Purchaser and Seller shall each make payments to the other in accordance with the prorations described in Paragraph 1.8 above and all other relevant provisions of this Agreement. In order to take account of such required payments, the Purchaser and Seller agree to perform the following: (i) an interim accounting of all payments required (an "Interim Accounting") within thirty (30) days of the Closing Date and (ii) a final accounting of all payments required (a "Final Accounting") within sixty (60) days of the Closing Date.
(a) To the extent that the Interim Accounting indicates that payments are required from Purchaser, Purchaser shall, within fifteen (15) days thereafter, pay to Seller such required payments. To the extent that the Interim Accounting indicates that payments are required from Seller, Seller shall, within fifteen (15) days thereafter, pay to the Purchaser such required payments.
(b) To the extent that the Final Accounting indicates that payments are required from Purchaser, Purchaser shall, within fifteen (15) days thereafter, pay to Seller such required payments. To the extent that the Final Accounting indicates that payments are required from Seller, Seller shall, within fifteen (15) days thereafter, pay to the Purchaser such required payments. In the event and to the extent that Purchaser or Seller becomes aware following the Final Accounting of additional payments that need to be made, such party shall promptly notify the other of such payments, and Purchaser and Seller agree that any amount needing to be paid from one to the other shall be promptly paid by the responsible party to the other.
Payments Following Closing. Section 1.4(b) of the Purchase Agreement is hereby deleted in its entirety and replaced with the following:
Payments Following Closing. The Cash Purchase Price shall be paid as follows, without setoff or deduction, by wire transfer of immediately available Untied States funds into an account or accounts designated by Seller:
(a) On the Closing Date, Five Hundred Thousand Dollars ($500,000) paid on 10/27/2023;
(b) On January 31, 2024, Seventy-Five Thousand Dollars ($75,000) was paid; and
(c) On or before March 8, 2024, Seventy-Five Thousand Dollars ($75,000) and
(d) On or before April 5, 2024, Seventy-Five Thousand Dollars ($75,000) and
(e) On or before April 30, 2024, One Hundred Fifty Thousand Dollars ($150,000); and
(f) On or before May 31, 2024, Three Hundred Seventy-Five Thousand Dollars ($375,000);
(g) On or before June 30, 2024, Three Hundred Seventy-Five Thousand Dollars ($375,000); and
(h) On or before July 31, 2024, Three Hundred Seventy-Five Thousand Dollars ($375,000).
Payments Following Closing. (a) Following the Closing, Buyer and Seller shall each make payments to the other in accordance with this Section 2.4(a) for (i) any amounts received by either Buyer or Seller after the Closing Date, which amounts would have been subject to prorations under Section 2.3 above if
Payments Following Closing. The Cash Purchase Price shall be paid as follows, without setoff or deduction, by wire transfer of immediately available United States funds into an account or accounts designated by Seller:
(a) On the Closing Date, Five Hundred Thousand Dollars ($500,000) paid on 10/27/2023;
(b) On January 31, 2024, Seventy-Five Thousand Dollars ($75,000) was paid; and
(c) On March 8, 2024, Seventy-Five Thousand Dollars ($75,000) was paid; and
(d) On or before June 21, 2024, One Hundred Fifty Thousand Dollars ($150,000); and Remaining payments will be deferred until:
a) 13 months from the date of signing this Amendment or
b) the Company generates $400K in monthly revenue from the Finzeo products (after cost of sales only - no opex) Once either of the conditions above are met the payment schedule will resume 30 days thereafter and a payment will be made every 30 days in the following amounts:
(e) One Hundred Seventy-Five Thousand Dollars ($75,000); and
(f) Three Hundred Seventy-Five Thousand Dollars ($375,000); and
(g) Three Hundred Seventy-Five Thousand Dollars ($375,000); and
(h) Three Hundred Seventy-Five Thousand Dollars ($375,000). In consideration of modifying the payment schedule the Seller will receive Fifty Thousand (50,000) Options of AppTech Payments Corp. (APCX) The Options will be granted within five business days from the execution of this Amendment with a strike price at the closing price of the date of this Amendment. Upon delivery of all payments of the Cash Purchase Price by the Purchaser in accordance with this Section 2.2, the Purchaser’s obligations to pay the Cash Purchase Price shall be deemed satisfied and discharged. The Purchaser shall pay or cause the Company to pay all of the Assumed Liabilities when due. Prior to Closing, the Company may transfer to any Affiliate any of its intellectual property unrelated to the Business.
Payments Following Closing. The Cash Purchase Price shall be paid as follows, without setoff or deduction, by wire transfer of immediately available Untied States funds into an account or accounts designated by Seller:
(a) On the Closing Date, Five Hundred Thousand Dollars ($500,000);
(b) On or before January 7, 2024, Seven Hundred Fifty Thousand Dollars ($750,000); and
(c) On or before April 7, 2024, Seven Hundred Fifty Thousand Dollars ($750,000). Upon delivery of all payments of the Cash Purchase Price by the Purchaser in accordance with this Section 2.2, the Purchaser’s obligations to pay the Cash Purchase Price shall be deemed satisfied and discharged. The Purchaser shall pay or cause the Company to pay all of the Assumed Liabilities when due. Prior to Closing, the Company may transfer to any Affiliate any of its intellectual property unrelated to the Business.
Payments Following Closing. The Earnout Amount shall be paid to Vuance as provided in Section 3.3.
Payments Following Closing. The Earnout Amount shall be paid to Protexx as provided in Section 3.3.
