Common use of Purchase Consideration Clause in Contracts

Purchase Consideration. Buyer agrees to deliver to Seller at the Closing aggregate purchase consideration having a total value to Seller of Two Hundred Fifty Thousand and No/100 Dollars ($250,000.00) (the "Purchase Consideration"), payment of such Purchase Consideration to be effected by Buyer's execution and delivery to Seller at Closing of: (i) an agreement in form and substance satisfactory to Seller whereby Buyer shall commit to provide to Seller, free of charge or any other cost or expense whatsoever to Seller, the products, services and related interests and rights with respect to Market Central Technology as are described in Exhibit A hereto (the "Market Central Technology Consideration"), which Market Central Technology Consideration shall, as and when provided in accordance with the foregoing agreement, have an aggregate value to Seller of not less than Two Hundred Thousand and No/100 Dollars ($200,000.00), plus (ii) an agreement in form and substance satisfactory to Seller whereby Buyer shall commit to provide to Seller, free of charge or any other cost or expense whatsoever to Seller, certain business development and strategic support services related to telecommunications and technology M&A, marketing and technology activities, as well strategic business planning and related assistance and services (the "Development/Support Services Consideration"), which Development/Support Services Consideration shall be rendered by Buyer's senior executives as and when directed by Seller and, when so rendered, shall have an aggregate value to Seller of not less than Fifty Thousand and No/100 Dollars ($50,000.00) as are described in Exhibit A hereto.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Ariel Way Inc), Stock Purchase Agreement (Ariel Way Inc), Stock Purchase Agreement (Netfran Development Corp)

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Purchase Consideration. Buyer agrees to deliver to Seller at the Closing aggregate purchase consideration having a total value to Seller of Two Hundred Fifty Thousand and No/100 Dollars ($250,000.00) (the "Purchase ConsiderationPURCHASE CONSIDERATION"), payment of such Purchase Consideration to be effected by Buyer's execution and delivery to Seller at Closing of: (i) an agreement in form and substance satisfactory to Seller whereby Buyer shall commit to provide to Seller, free of charge or any other cost or expense whatsoever to Seller, the products, services and related interests and rights with respect to Market Central Technology as are described in Exhibit A hereto (the "Market Central Technology ConsiderationMARKET CENTRAL TECHNOLOGY CONSIDERATION"), which Market Central Technology Consideration shall, as and when provided in accordance with the foregoing agreement, have an aggregate value to Seller of not less than Two Hundred Thousand and No/100 Dollars ($200,000.00), plus (ii) an agreement in form and substance satisfactory to Seller whereby Buyer shall commit to provide to Seller, free of charge or any other cost or expense whatsoever to Seller, certain business development and strategic support services related to telecommunications and technology M&A, marketing and technology activities, as well strategic business planning and related assistance and services (the "DevelopmentDEVELOPMENT/Support Services ConsiderationSUPPORT SERVICES CONSIDERATION"), which Development/Support Services Consideration shall be rendered by Buyer's senior executives as and when directed by Seller and, when so rendered, shall have an aggregate value to Seller of not less than Fifty Thousand and No/100 Dollars ($50,000.00) as are described in Exhibit A hereto.

Appears in 1 contract

Samples: Stock Purchase Agreement (Netfran Development Corp)

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