Common use of Transaction Expense Amount Clause in Contracts

Transaction Expense Amount. Upon the Closing, the Company shall pay $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 Note and shall be paid to the Buyer’s legal counsel upon the execution hereof. Additionally, the Company shall pay $5,000.00 to the Buyer as an original issue discount (the “OID”). The OID has been included in the Principal Amount of the First Note and as such the Principal Amount of the Note is $105,000.00.

Transaction Expense Amount. Upon the 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 Note and shall be paid to the Buyer’s legal counsel upon the execution hereof. Additionally, the Company shall pay $5,000.00 7,500 to the Buyer as an original issue discount (the “OID”). The OID has been included in the Principal Amount of the First Note and as such the Principal Amount of the Note is $105,000.00157,500.00.

Transaction Expense Amount. Upon the Closing, the The Company shall pay $US$3,000.00 to the BuyerCompany’s legal counsel for to cover the preparation of the Transaction Documents (the “Transaction Expense Amounts”). The Transaction Expense Amounts transaction documents contemplated herein and such fee shall be offset against deducted from the gross proceeds of the First Note and shall be paid Purchase Price funded to the Buyer’s legal counsel upon the execution hereofCompany at Closing. Additionally, the Company shall pay $US$5,000.00 to the Buyer as an original issue discount (the “OID”). The OID has been included in the Principal Amount of the First Note and as accordingly such the Principal Amount of the Note is $105,000.00US$55,000.00.

Transaction Expense Amount. Upon the Closing, the The Company shall pay $3,000.00 US$2,000.00 to the BuyerCompany’s legal counsel for to cover the preparation of the Transaction Documents (the “Transaction Expense Amounts”). The Transaction Expense Amounts transaction documents contemplated herein and such fee shall be offset against deducted from the gross proceeds of the First Note and shall be paid Purchase Price funded to the Buyer’s legal counsel upon the execution hereofCompany at Closing. Additionally, the Company shall pay $5,000.00 US$3,500.00 to the Buyer as an original issue discount (the “OID”). The OID has been included in the Principal Amount of the First Note and as accordingly such the Principal Amount of the Note is $105,000.00US$38,500.00.