PURCHASE PRICE from Real Estate Purchase Agreement
PURCHASE PRICE. The total price is to be: $350,000.00 After earnest money herein is credited, an additional down payment of $ N/A is to be paid by Purchaser on or before N/A. After earnest money and down payment are herein credited, the remaining balance is to be paid by Purchaser at closing.
Purchase Price from Membership Interest Purchase Agreement
This Membership Interest Purchase Agreement (this "Agreement") is made and entered into on the 24th day of October, 2014, with an Effective Date of September 15, 2014 (the "Effective Date"), by and between Level 5 Beverage Company, Inc., a Delaware corporation with offices located at 16501 Sherman Way, Suite 215, Van Nuys, California 91411 ("Purchaser"), Avanzar Sales and Distribution, LLC, a California limited liability company with offices at 3260 Lilly Avenue, Long Beach, California 90808 (the "Company"), and William H. Juarez, Jr., Joseph A. Shippee and Robert Saunders (collectively referred to as the "Representing Parties") with an address at 3260 Lilly Avenue, Long Beach, California 90808.
Purchase Price. (a) The consideration payable by the Purchaser to the Company for the Initial Membership Interests to be acquired on the Initial Closing Date shall be an aggregate amount of Five Hundred Thousand Dollars ($500,000), of which One Hundred Fifty Thousand Dollars ($150,000) has been previously paid as a deposit to be credited against the Purchase Price and the remaining Three Hundred Fifty Thousand Dollars ($350,000) shall be payable as follows on the Initial Closing Date (as defined below): (i) a cash payment of One Hundred Fifty Thousand Dollars ($150,000); and (ii) a note in the principal aggregate amount of Two Hundred Thousand Dollars ($200,000), substantially in the form of Exhibit B hereto, which shall provide that it is payable in four equal installments of Fifty Thousand Dollars ($50,000) each, with one installment to be paid on each of the following dates: 30 days, 60 days, 90 days and 120 days following the Initial Closing Date. (b) The consideration payable by the Purchaser to the Company for the Option Membership Interests to be acquired upon exercise of the Option (the "Option Purchase Price") shall be an aggregate amount of Four Hundred Thousand Dollars ($400,000) which shall be payable on the Second Closing Date (as defined below), if Purchaser exercises the Option. (c) The consideration payable by the Purchaser to the Representing Parties for the Second Option Membership Interests to be acquired upon exercise of the Second Option (the "Second Option Purchase Price") shall be equal to the greater of (i) an amount equal to three times the EBIT (earnings before interest and taxes) of the Company for the prior fiscal year; or (ii) One Million Seven Hundred Fifty Thousand Dollars ($1,750,000).
Purchase Price from Stock Purchase Agreement
STOCK PURCHASE AGREEMENT, dated as of May 23, 2012 (this "Agreement"), by and among Green & Quality Home Life, Inc., (the "Company"), Fabio Alexandre Narita (the "Seller") and Rick Walchuk (the "Purchaser"). Each of the Company, the Seller and the Purchaser are referred to herein as a "Party" and collectively, as the "Parties".
Purchase Price. The purchase price (the "Purchase Price") for the Seller Shares, in the aggregate, is $350,000, payable at Closing (defined below).
Purchase Price from Stock Purchase Agreement
This STOCK PURCHASE AGREEMENT (this "Agreement") is made this 29th day of December, 2009 by and among Fountainhead Capital Management Limited ("Fountainhead" or the "Seller"), and Regent Private Capital, LLC (the "Purchaser").
Purchase Price. The total purchase price (the "Purchase Price") for the Shares and the Seller Note is $350,000, of which $200,000 shall be payable in cash and the remaining $150,000 of which shall be payable by Purchaser's assignment to Seller of all of Purchaser's right, title and interest in and to a promissory note, in the principal amount of $150,000, issued by Altitude Group, LLC (the "Purchaser Note"). The form of the Purchaser Note and its assignment is annexed hereto as Exhibit B.
This ASSET PURCHASE AGREEMENT ("Agreement"), dated as of October 2, 2006 ("Effective Date"), is entered into by and between Bovie Medical Corporation, a Delaware corporation (the "Buyer"), and Lican Developments, Ltd., an Ontario, Canada corporation ("Seller").
Purchase Price. On the terms and subject to the conditions set forth in this Agreement, the Buyer agrees to pay or cause to be paid to Seller: (i) an aggregate of Three Hundred and Fifty Thousand Dollars ($350,000), (ii) subject to American Stock Exchange listing approval, a grant to Seller of Two Hundred Thousand (200,000) shares of Bovie Medical Corporation (AMEX:BVX) restricted stock, subject to the vesting schedule described below, (iii) a grant to Seller of up to an aggregate of One Hundred and Fifty Thousand (150,000) BVX shares of restricted stock (conditioned on terms set forth below), (iv) royalty payments of Two-and-One-Half Percent (2.5%) on Buyer's Net Sales of "Tip on Tube" Products and "RF Skin Resurfacing" Products, as set forth below, and (vi) royalty payments of Three Percent (3%) on Buyer's Net Sales of "SEAL-N-CUT" Products and "MODULLION" Products, as set forth below (collectively, the "Purchase Price"), and to assume or cause Buyer's subsidiary to assume, the Assumed Liabilities as provided in Section 2.4. The Purchase Price shall be payable to Seller as follows:
Purchase Price from Asset Purchase Agreement
THIS ASSET PURCHASE AGREEMENT, dated as of September 9, 2008 (this "Agreement"), is made between (i) BALQON CORPORATION, INC., a California corporation ("Buyer"), on the one hand, and (ii) ELECTRIC MOTORSPORTS, LLC, an Ohio limited liability company ("EMS"), and Robert Gruenwald, an individual and sole member of EMS ("Gruenwald" and, together with EMS, "Sellers" and each, a "Seller"). with reference to the following facts.
Purchase Price. As consideration for the Purchased Assets and the other covenants (including the covenants not to compete) of Sellers in this Agreement (the "Purchase Price"), Buyer shall pay to Sellers the sum of Three hundred and fifty thousand ($350,000) (the "Cash Purchase Price"), of which $250,000 shall be paid at the Closing (defined below), and $100,000 ("Holdback") subject to any adjustments as provided herein, paid in form of promissory note to be delivered at the Closing and payable within six months following the date of the Closing (the "Closing Date") with interest on the unpaid principal balance from the Closing Date, until paid, at the Prime Rate published by the Wall Street Journal.
Purchase Price from Asset Purchase Agreement
This Asset Purchase Agreement (this "Agreement") dated as of February 3, 2009 is made by and between Warner Chilcott Company, Inc., a Puerto Rico corporation ("Buyer"), and NexMed Inc., a Nevada corporation ("Seller").
Purchase Price. The purchase price for the Purchased Assets other than the Transferred Manufacturing Equipment and the grant of the license by Seller to Buyer pursuant to the License Agreement (the "Purchase Price") is $5,000,000 in cash. The Purchase Price shall be paid as follows: $2,500,000 (the "Initial Payment") shall be paid at Closing as provided in Section 2.07 and $2,500,000 shall be paid within three (3) business days after Buyer receives notice of NDA approval from the FDA for the marketing, use and sale of the Product in the Territory. The Purchase Price for the Transferred Manufacturing Equipment (the "Manufacturing Purchase Price") is $350,000 in cash and shall be paid as set forth on Schedule 2.01(c). Seller shall pay the Purchase Price and the Manufacturing Purchase Price by wire transfer of immediately available United States dollars into an account designated by Seller. All payments made or to be made by Buyer to Seller in respect to the Purchase Price and Manufacturing Purchase Price shall be non-refundable and independent of any obligations that Seller or its Affiliates may have to Buyer under the Ancillary Agreements, and Buyer shall have no right of set-off with respect thereto.
Purchase Price from Split Off Agreement
SPLIT-OFF AGREEMENT, dated as of September 22, 2008 (this "Agreement"), by and among Atlantic Wine Agencies, Inc., a Florida corporation (the "Seller"), Fairhurst Properties S.A. (the "Purchaser") and Mount Rozier Estates (Pty) Limited and Mount Rozier Properties (Pty) Limited (the "Subsidiaries").
Purchase Price. The purchase price for the Shares and the Loans shall be a release (in the form of Exhibit A hereto) forgiving all debt owed by the Seller to the Purchaser (approximately in the amount of $350,000) (the "Promissory Note Release"), deliverable as provided in Section 2.2, and the assumption of all the liabilities of the Subsidiaries which as of June 30, 2008 were approximately $1,520,276.
Purchase Price from Purchase Agreement
This Asset Purchase Agreement (this "Agreement") is entered into as of July 22, 2007, by and between InterActive-III Acquisition Co., Inc., a Nevada corporation and wholly owned subsidiary of SpeedFactory, Inc., a Nevada corporation (the "Buyer"), and InterActive Network Systems, Inc., a New Jersey corporation (the "Seller").
Purchase Price. The purchase price (the "Purchase Price") for the Purchased Assets shall be Three Hundred and Fifty Thousand Dollars ($350,000). The Purchase Price shall be paid on the by one or more wire transfers of immediately available funds to one or more bank accounts as designated by Seller in writing prior to the Closing.
Purchase Price from Limited Liability Company Interest Purchase
THIS LIMITED LIABIIITY COMPANY INTEREST PURCHASE AGREEMENT (this Agreement) is made as of May 1, 2007 by and between The Granite Companies LLC, a Pennsylvania limited liability company (the Seller) and City Capital Corporation, a Nevada company (the Purchaser).
Purchase Price. The purchase price to be paid by the Purchaser to the Seller for the Interests is comprised of all of the following (the Purchase Price): (a) $150,000, payable as more specifically stated in paragraph 3 below; and (b) payment of the ordinary expenses of the Companies from and after May 1, 2007 through Closing (hereinafter defined), which payment of expenses shall be non-refundable even if the transaction is not consummated. There exist certain liens and encumbrances on certain assets of the Companies (the Liens) that are primarily comprised of security interests in connection with a line of credit obligation and several equipment leases in the approximate aggregate amounts of $690,000 and $185,000, respectively. The Purchaser will cure any defaults with respect to the Liens and make payments in accordance with existing payment terms on the underlying obligations related to such Liens, and shall, on or before September 1, 2007, payoff all such underlying obligations in full or substitute itself as guarantor replacing any existing guarantors (any such existing guarantors of any obligations of the Companies, the Existing Guarantors) who shall be fully released from any further guaranty obligations. In addition to the Purchase Price, the Purchaser shall fund advertising for the Companies, as determined in the sole and absolute discretion of the Purchaser, during the month of May, 2007. The Purchaser understands and acknowledges that the Companies currently have approximately $350,000 of accounts payable on their balance sheet to various vendors, suppliers and other creditors.