Purchase Price and Allocation. 3.1 The Purchase Price payable by the Purchaser to the Vendor for the Business Assets will be 1,200,000 common shares in the capital of the Purchaser (the "Purchase Shares") issued at a deemed price of $0.50 (CDN) per common share, plus the assumption of liabilities as set forth in Schedule "14" hereto which the Purchaser has settled for no more than CDN$109,000.
Appears in 2 contracts
Sources: Asset Purchase Agreement (Ocean Ventures Inc), Asset Purchase Agreement (Virtualsellers Com Inc)