Document ID: 13054

Text:
2.4 Payment of Purchase Price. At the Closing, Purchaser (i) shall pay cash to Seller, on account of the Purchase Price, in the amount of U.S.$150,000 <sup> and (ii) shall issue, or direct its transfer agent to issue, to Seller, on account of the Purchase Price, 200,000 shares of the common stock of Purchaser, par value $.001 per share (Common Stock) (such shares of Common Stock hereinafter referred to as the Stock), based on a valuation of $2.00 per share (First Stock Issuance), and (iii) 90 days following the Closing, shall issue, or direct its transfer agent to issue, to Seller, on account of the Purchase Price 150,000 additional shares of the common stock of Purchaser, par value $.001 per share (Common Stock), based on a valuation of $2.00 per share (Second Stock Issuance), as adjusted under Market Value Condition defined below.

Named Entities:
33
37
Principal
38
40
Shares
69
71
Shares
82
84
Price
110
113
Price

Tokenized Text:
2
.
4
Payment
of
Purchase
Price
.
At
the
Closing
,
Purchaser
(
i
)
shall
pay
cash
to
Seller
,
on
account
of
the
Purchase
Price
,
in
the
amount
of
U
.
S
.
$
150
,
000
<
sup
>
and
(
ii
)
shall
issue
,
or
direct
its
transfer
agent
to
issue
,
to
Seller
,
on
account
of
the
Purchase
Price
,
200
,
000
shares
of
the
common
stock
of
Purchaser
,
par
value
$
.
001
per
share
(
Common
Stock
)
(
such
shares
of
Common
Stock
hereinafter
referred
to
as
the
Stock
)
,
based
on
a
valuation
of
$
2
.
00
per
share
(
First
Stock
Issuance
)
,
and
(
iii
)
90
days
following
the
Closing
,
shall
issue
,
or
direct
its
transfer
agent
to
issue
,
to
Seller
,
on
account
of
the
Purchase
Price
150
,
000
additional
shares
of
the
common
stock
of
Purchaser
,
par
value
$
.
001
per
share
(
Common
Stock
)
,
based
on
a
valuation
of
$
2
.
00
per
share
(
Second
Stock
Issuance
)
,
as
adjusted
under
Market
Value
Condition
defined
below
.