Purchase Price for the Assets. The consideration for the Assets shall be the (i) assumption by the Buyer of the Assumed Liabilities; and (ii) the payment of the Buyer of $100,000 in immediately availible funds on the Closing Date (the "Cash Amount"). The Cash Amount shall be deposited on the date hereof with Xxxxxxxxx & Xxxxxxxxx, LLP, as escrow agent, pursuant to the terms of that certain Escrow Agreement, a form of which is attached hereto as Exhibit C.
Appears in 4 contracts
Samples: Asset Purchase Agreement (Master Glaziers Karate International Inc), Asset Purchase Agreement (Master Glaziers Karate International Inc), Asset Purchase Agreement (Master Glaziers Karate International Inc)
Purchase Price for the Assets. The consideration for the Assets shall be the (i) assumption by the Buyer of the Assumed Liabilities; and (ii) the payment of delivery by the Buyer of $100,000 in immediately availible funds to the Seller on the Closing Date of a secured promissory note in the aggregate principal amount of $105,000 (the "Cash AmountNote"). The Cash Amount shall be deposited on ) in the date hereof with Xxxxxxxxx & Xxxxxxxxx, LLP, as escrow agent, pursuant to the terms of that certain Escrow Agreement, a form of which is attached hereto as Exhibit C.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Master Glaziers Karate International Inc), Asset Purchase Agreement (Master Glaziers Karate International Inc)
