Common use of PLACE OF CLOSING AND PROCEDURE AT CLOSING Clause in Contracts

PLACE OF CLOSING AND PROCEDURE AT CLOSING. The closing of the issuance of the Note to the Purchaser (the “Closing”) shall take place simultaneously with and upon the satisfaction of the following conditions: (1) the Company’s execution and delivery to the Purchaser of the following: (a) an executed copy of this Agreement; (b) an executed copy of the Note; (c) a signed copy of the Irrevocable Instructions to the Transfer Agent; and (d) the signed Action of the Board of Directors. (2) the Purchaser’s execution of a wire transfer to the Company no later than 2 business days following the Closing as follows: the sum of $50,000 in cash shall be remitted and delivered to the Company, $5,000 shall be remitted and delivered to Lxxx Xxxxxx for due diligence services and $5,500 in cash shall be retained by the Purchaser through an original issue discount for due diligence and legal bills related to this transaction.

PLACE OF CLOSING AND PROCEDURE AT CLOSING. The initial closing of the issuance of the Note to the Purchaser (the “each, a "Closing”") shall take place simultaneously with and upon the satisfaction of the following conditions: (1) the Company’s execution and delivery to the Purchaser of the following: (a) an executed copy of this Agreement; (b) an executed copy of the Note; (c) a signed copy of the Irrevocable Instructions to the Transfer Agent; and (d) the signed Action of the Board of DirectorsSecretary Certificate. (2) the Purchaser’s execution of a wire transfer to the Company no later than 2 one (1) business days day following the Closing as follows: the sum of one hundred thousand dollars ($50,000 100,000.00) in cash shall be remitted and delivered to the Company, Company and ten thousand dollars ($5,000 shall be remitted and delivered to Lxxx Xxxxxx for due diligence services and $5,500 in cash 10,000.00) shall be retained by the Purchaser through an original issue issuance discount for due diligence and legal bills related to this transaction...

PLACE OF CLOSING AND PROCEDURE AT CLOSING. The closing of the issuance of the Note to the Purchaser (the “Closing”) shall take place simultaneously with and upon the satisfaction of the following conditions: (1) the Company’s execution and delivery to the Purchaser of the following: (a) an executed copy of this Agreement; (b) an executed copy of the Note; (c) a signed copy of the Irrevocable Instructions to the Transfer Agent; and (d) the signed Action of the Board of Directors. (2) the Purchaser’s execution of a wire transfer to the Company no later than 2 one (1) business days day following the Closing as follows: the sum of fifty thousand dollars ($50,000 50,000.00) in cash shall be remitted and delivered to the Company, Company and five thousand dollars ($5,000 shall be remitted and delivered to Lxxx Xxxxxx for due diligence services and $5,500 in cash 5,000.00) shall be retained by the Purchaser through an original issue discount for due diligence and legal bills related to this transaction. (3) the Purchaser reserves the right to pay additional consideration at any time and in any amount it desires, at its sole discretion.

PLACE OF CLOSING AND PROCEDURE AT CLOSING. The closing of the issuance of the Note to the Purchaser (the “"Closing”") shall take place simultaneously with and upon the satisfaction of the following conditions: (1) the Company’s execution and delivery to the Purchaser of the following: (a) an executed copy of this Agreement; (b) an executed copy of the Note; (c) a signed copy of the Irrevocable Instructions to the Transfer Agent; and (d) the signed Action of the Board of Directors. (2) the Purchaser’s execution of a wire transfer to the Company no later than 2 business days following the Closing as follows: the sum of $50,000 110,000 in cash shall be remitted and delivered to the Company, $5,000 shall be remitted and delivered to Lxxx Xxxxxx for due diligence services Company and $5,500 10,000 in cash shall be retained by the Purchaser through an original issue discount for due diligence and legal bills related to this transaction.