Transaction Expense Amount. Upon Closing, the Company shall pay Ten Thousand and No/100 United States Dollars (US$10,000.00) to Auctus Fund Management, LLC (“Auctus Management”) to cover the Holder’s due diligence, monitoring, and other transaction costs incurred for services rendered in connection herewith (the “Transaction Expense Amount”). The Transaction Expense Amount shall be offset against the proceeds of the Note and shall be paid to Auctus Management upon the execution hereof.
Transaction Expense Amount. Upon Closing, the Company shall pay Five Thousand and No/100 United States Dollars (US$5,000.00) to Auctus Fund Management, LLC (“Auctus Management”) to cover the Holder's due diligence, monitoring, and other transaction costs incurred for services rendered in connection herewith (the “Transaction Expense Amount”). The Transaction Expense Amount shall be offset against the proceeds of the Note and shall be paid to Auctus Management upon the execution hereof.
Transaction Expense Amount. Upon Closing, the Company shall pay Buyer’s legal counsel the Buyer’s legal fees incurred in connection herewith (the “Transaction Expense Amount”) pursuant to Section 4(e). The Transaction Expense Amount shall be offset against the proceeds of the Note and shall be paid to Buyer upon the execution hereof.
Transaction Expense Amount. The Company shall pay $3,250.00 to each Buyer as an original issue discount (“OID”). The OID has been included in the Principal Amount of each First Note and as such the Principal Amount of each First Note is $35,750.00.
Transaction Expense Amount. Upon Closing, the Company shall pay a one-time non-refundable, non-accountable sum equal to Seven Thousand Five Hundred and No/100 United States Dollars (US$7,500.00) to the The EquiLux Group, L.P. cover the Holder's due diligence, analysis monitoring, and other transaction costs incurred for services rendered in connection herewith (the “Transaction Expense Amount”). The Transaction Expense Amount shall be offset against the proceeds of the Note and be deemed a payment of such portion of the Purchase Price hereunder.
Transaction Expense Amount. Upon Closing, the Company shall pay Buyer’s legal counsel $10,000 to cover the Buyer’s legal fees and due diligence expenses incurred in connection herewith (the “Transaction Expense Amount”) pursuant to Section 4(e). The Transaction Expense Amount shall be offset against the proceeds of the Note.
Transaction Expense Amount. Upon the First Closing, the Company shall pay US$3,000.00 to the Buyer’s legal counsel for preparation of the Transaction Documents (the “Transaction Expense Amounts”). The Transaction Expense Amounts shall be offset against the proceeds of the First Notes and shall be paid to the Buyer’s legal counsel upon the execution hereof. Additionally, a 12% original issue discount has been added to the Principal Amount of each First Note.
Transaction Expense Amount. Upon Closing, the Company shall pay Three Thousand and No/100 United States Dollars (US$3,000) to Auctus Fund Management, Inc. ("Auctus Management") to cover the Holder's due diligence, monitoring, and other transaction costs incurred for services rendered in connection herewith (the "Transaction Expense Amount"). The Transaction Expense Amount shall be offset against the proceeds of the Note and shall be paid to Auctus Management upon the execution hereof.
Transaction Expense Amount. The Company shall pay in the aggregate $3,000.00 to the Buyers’ legal counsel for preparation of the Purchase Agreement, Notes, and related transaction documents (the “Transaction Expense Amount”). The Company shall pay an original issue discount to the Buyers on each Note in the amount of $4,500.00 (the “OID”). The OID has been added to the principal amount of the Notes and the Principal Amount of each Note is $104,500.00.
Transaction Expense Amount. Upon Closing, the Company shall pay US$2,750.00 to the Buyer for preparation of this Purchase Agreement, Note and related transaction documents (the “Transaction Expense Amount”). Additionally, the Company shall pay US$5,000.00 to the Buyer to cover the Buyer’s due diligence, monitoring, and other transaction costs incurred in connection herewith (the “Commitment Fee”). The Transaction Expense Amount and the Commitment Fee have been included in the Principal Amount of the Note and accordingly such Principal Amount of the Note is US$57,750,00.
