Common use of AMOUNT AND PAYMENT OF PURCHASE PRICE Clause in Contracts

AMOUNT AND PAYMENT OF PURCHASE PRICE. The purchase price of the Stock shall be $45,000 in accordance with the allocation set forth in Exhibit "A" attached and incorporated herein, all in the aggregate sum of Forty Five Thousand ($45,000) Dollars and 00/100. In addition to cash paid out on the Closing Date, the Purchaser agree to issue 1,500,000 free trading shares subject to a six (6) month lock up and twelve (12) month leak out agreement to ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ as Seller, and 1,000,000 free trading shares to Rochester Capital Partners, as Finder, subject to a lock-up and leak out agreement. $10,000 of the $45,000 purchase price shall be held in escrow on the Closing Date and released upon completion of the audited financials for ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇, Inc., for the fiscal years ended 2002 through 2006, expected to take approximately two to four weeks from the Closing Date to complete.