Common use of Original Issue Discount; Transaction Expense Amount Clause in Contracts

Original Issue Discount; Transaction Expense Amount. The Note carries an original issue discount of $375,000.00 (the “OID”). In addition, Company agrees to pay $20,000.00 to Investor to cover Investor’s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the purchase and sale of the Note (the “Transaction Expense Amount”), all of which amount is included in the initial original principal amount of the Note. The “Purchase Price”, therefore, shall be $1,500,000.00, computed as follows: the Initial Principal Amount, less the OID, less the Transaction Expense Amount. * Exhibit B been omitted pursuant to Item 601(a)(5) of Regulation S-K and will be provided on a supplemental basis to the Securities and Exchange Commission upon request. The exhibit contained the Secretary’s certificate with the board resolutions approving the transaction.

Original Issue Discount; Transaction Expense Amount. The Note carries an original issue discount of $375,000.00 750,000.00 (the “OID”). In addition, Company agrees to pay $20,000.00 to Investor to cover Investor’s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the purchase and sale of the Note (the “Transaction Expense Amount”), all of which amount is included in the initial original principal amount of the Note. The “Purchase Price”, therefore, shall be $1,500,000.003,000,000.00, computed as follows: the Initial Principal Amount, less the OID, less the Transaction Expense Amount. * Exhibit B been omitted pursuant to Item 601(a)(5) of Regulation S-K and will be provided on a supplemental basis to the Securities and Exchange Commission upon request. The exhibit contained the Secretary’s certificate with the board resolutions approving the transaction.

Original Issue Discount; Transaction Expense Amount. The Note carries an original issue discount of $375,000.00 187,500.00 (the “OID”). In addition, Company agrees to pay $20,000.00 15,000.00 to Investor to cover Investor’s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the purchase and sale of the Note (the “Transaction Expense Amount”), all of which amount is included in the initial original principal amount of the Note. The “Purchase Price”, therefore, shall be $1,500,000.00750,000.00, computed as follows: the Initial Principal Amount, less the OID, less the Transaction Expense Amount. * Exhibit B been omitted pursuant to Item 601(a)(5) of Regulation S-K and will be provided on a supplemental basis to the Securities and Exchange Commission upon request. The exhibit contained the Secretary’s certificate with the board resolutions approving the transaction.