Common use of Net Purchase Price Clause in Contracts

Net Purchase Price. The Note carries an original issue discount of $10,222.50 (the “OID”). In addition, the Company agrees to pay $5,000 to the Buyer to cover the Buyer’s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the purchase and sale of the Notes (the “Transaction Expenses”). The Transaction Expenses shall be added to the principal balance of the Note such that the “Net Purchase Price” shall be $34,075.00, computed as follows: $49,297.50 less the OID less the Transaction Expenses.

Net Purchase Price. The Note carries an a twenty percent (20%) original issue discount of $10,222.50 (the “OID”). In addition, the Company agrees to pay $5,000 200,000 to the Buyer to cover the Buyer’s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the purchase and sale of the Notes Purchased Securities (the “Transaction Expenses”). The Transaction Expenses shall be added to withheld by the principal balance of Buyer at the Note such that Closing. Accordingly, the “Net Purchase Price” shall be $34,075.00540,000.00, computed as follows: $49,297.50 925,000.00 less the OID less the Transaction Expenses.