Purchase Price and Other Terms Sample Clauses

Purchase Price and Other Terms. 2.1 The Seller agrees to sell to the Purchaser, and the Purchaser agrees to purchase from the Seller the Seller interest, in exchange for a sum of Eight Hundred and Twenty Thousand U.S. Dollar’s (US$820,000) (the “Purchase Price”) pursuant to the terms of this Agreement. 2.2 On or immediately after the Execution Date, the Purchaser shall pay the amount of US$820,000 in cash to the Seller’s designated bank account. 2.3 This agreement shall be finally effective as of the date of completion of payment of all Purchase Price (hereinafter referred as “Effective Date”). 2.4 The Seller agrees that after both execution of this agreement and payment of Purchase Price, the Purchaser shall be deemed as the 65% shareholder of Karham and be entitled to be involved immediately in Karham’s business operation. 2.5 Within fifteen (15) working days from the date when the Seller receives the payment of Purchase Price from the Purchaser: a) The Purchaser and the Seller shall prepare, execute and file with the relevant governmental authorities of the PRC all documents necessary or required for the governmental approval and registration of the Share Transfer hereunder, b) The Seller shall provide the Purchaser with all necessary documents and assistances in order to realize the Purchaser’s immediate involvement in Karham’s business operation. 2.6 The Seller shall not retain any of the Seller Interest including its original power and interest in Karham after the Seller receives payment of all Purchase Price.

Purchase Price and Other Terms. The purchase price for the Share amounts to USD [693,400,000] ([six hundred ninety three million four hundred thousand United States Dollars]) and is subject to adjustment as separately agreed between the Parties (the “Purchase Price”). In addition, other terms including representations, warranties and indemnities have been separately agreed between the Parties.

Purchase Price and Other Terms. The selling price and other terms in connection with the purchase of Qualifying Employer Securities by the Employer or the Trustee, in accordance with this Article, shall be the greater of: A. The Fair Market Value of the Qualifying Employer Securities to be purchased by the Employer or the Trustee as of the most recent Valuation Date; or B. The purchase price and other terms offered by the third party making the offer described in the notice required by Section 15.3, provided said offer is made in good faith.

Purchase Price and Other Terms. 3.1 The purchase price of the Shares is the sum of $25,000 USD (the “Purchase Price”). 3.2 The Purchaser will pay the Vendor the Purchase Price by delivering the Purchase Price to the Vendor on the Closing Date. 3.3 The Company will retain all of the VoIP customers, assets, agreements and account receivable and payable (other than accounting, legal and the expenses, loans and consulting fee owing to Rafeh Hulays as set forth in Section 3.4). 3.4 The Company agrees to assume liability for CDN$25,662.00 in consulting fees currently due and owing to Rafeh Hulays, while the rest of the debt (in the form of loans, expenses and the remaining consulting fees owed to Rafeh Hulays or other shareholders) remains owed by the Vendor. The payable accounting and legal remains owed by the Vendor. 3.5 The Software assets purchased on January 4, 2007, by the Vendor from Asterisk IT Pty and Arezqui Belaid are excluded from this transaction and will remain the property of the Vendor. 3.6 The Vendor will focus on the deployment of virtual calling card, fax to email and email to fax services.

Purchase Price and Other Terms