Purchase Price and Allocation. The price payable by the Purchaser to the Vendor for the Assets shall be Five Million Dollars ($5,000,000) which the parties agree shall be allocated as follows: (a) for the Real Property, the sum of Two Million Dollars ($2,000,000), and (b) for the Equipment, the sum of Three Million Dollars ($3,000,000).
Appears in 4 contracts
Sources: Asset Purchase Agreement (Southern Ventures Inc), Asset Purchase Agreement (Southern Ventures Inc), Asset Purchase Agreement (Southern Ventures Inc)