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 $500,000.00 (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 Securities (the “Transaction Expense Amount”), which Transaction Expense Amount shall be paid by the Company at Closing (or the Investor may elect to withhold the Transaction Expense Amount from the Purchase Price wired to the Company). The “Purchase Price”, therefore, shall be $5,000,000.00, computed as follows: $5,500,000.00 initial principal balance, less the OID.

Original Issue Discount; Transaction Expense Amount. The Note carries an original issue discount of $500,000.00 250,000.00 (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 Securities (the “Transaction Expense Amount”), which Transaction Expense Amount shall be paid by the Company at Closing (or the Investor may elect to withhold the Transaction Expense Amount from the Purchase Price wired to the Company). The “Purchase Price”, therefore, shall be $5,000,000.002,500,000.00, computed as follows: $5,500,000.00 2,750,000.00 initial principal balance, less the OID.

Original Issue Discount; Transaction Expense Amount. The Note carries an original issue discount of $500,000.00 225,000.00 (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 Securities (the “Transaction Expense Amount”), which . The Transaction Expense Amount shall be will paid by reducing the Company at Closing (or the Investor may elect amount funded to withhold the Transaction Expense Amount from the Purchase Price wired to the Company). The “Purchase Price”, therefore, shall be $5,000,000.001,500,000.00, computed as follows: $5,500,000.00 1,725,000.00 initial principal balance, less the OID. The amount funded to Company equals the Purchase Price less the Transaction Expense Amount.