Common use of Second Extension Payment Clause in Contracts

Second Extension Payment. In consideration of Contributor agreeing to the amendments set forth above, each of Acquiror and each HPK Party (except for the HPK Representative) jointly and severally agree to pay to Contributor by wire transfer of immediately available funds to the account set forth on Attachment 1 an aggregate amount equal to Fifteen Million Dollars ($15,000,000.00) (the “Second Extension Payment”) which amount shall be due and payable as follows:

Appears in 4 contracts

Samples: Contribution Agreement (HighPeak Energy, Inc.), Business Combination Agreement (HighPeak Energy, Inc.), Contribution Agreement (Pure Acquisition Corp.)

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