Purchase Price Contract Clauses (1,004)

Purchase Price. No monetary payment (other than applicable tax withholding) shall be required as a condition of receiving the Shares, as the consideration for which shall be Participant serving as the chairman of the board of the Company during the applicable vesting period as hereinafter defined.

Purchase Price. Buyer shall purchase a portion of the Property for Thirty Thousand Three Hundred Seventy Five and 00/100 Dollars ($30,375.00) and Seller agrees to make a capital contribution to Buyer of the remainder of the Property in exchange for One Hundred Twelve Thousand Five Hundred (112,500) shares of common stock in Buyer which are currently valued at $0.20 per share being traded under the trading symbol VKIN (the "Shares").

Purchase Price. The purchase price for the Note and the Warrant to be purchased by the Investor (the "Purchase Price") shall be $1,000,000. The Note will be issued with an original issue discount of approximately 33.33%.

Purchase Price. The purchase price to be paid by Purchaser to Seller for each Lot (the "Purchase Price") shall consist of the Initial Purchase Price (as hereinafter defined) and the Deferred Purchase Price (as hereinafter defined). The Purchase Price for each Lot shall be calculated as provided in the following Section 2(a) and shall be subject to adjustment as provided in Section 2(b) below: (a) Purchase Price Payments. For each Lot the Purchase Price shall be the sum of the "Initial Purchase Price" of Twenty ...Thousand and 00/100 Dollars ($20,000.00) paid by Purchaser to Seller by wire transfer or other immediately available and collectible funds ("Good Funds"), and the "Deferred Purchase Price" of Forty Seven Thousand Five Hundred and 00/100 Dollars ($47,500.00) paid by Purchaser to Seller in Good Funds, for a total of Sixty Seven Thousand Five Hundred and 00/100 Dollars ($67,500.00) per Lot (subject to adjustment as hereinafter provided in Section 2(b) of this Agreement). The Deferred Purchase Price for the Lots acquired by Purchaser at the First Closing shall be secured by a letter of credit delivered by Purchaser into escrow at the First Closing, the Deferred Purchase Price for the Lots acquired by Purchaser at the Second Closing shall be secured by a letter of credit delivered by Purchaser into escrow at the Second Closing, and the Deferred Purchase Price for the Lots acquired by Purchaser at the Third Closing shall be secured by a letter of credit delivered by Purchaser into escrow at the Third Closing, as more particularly described in Section 5(c) below. (b) Purchase Price Escalator. The Purchase Price of each Lot that is acquired at the Second Closing of the Takedown 2 Lots and the Third Closing of the Takedown 3 Lots will increase by an amount equal to the amount of simple interest that would accrue thereon for the period elapsing between the date that the First Closing occurs until the date the applicable Closing occurs, at a per annum rate equal to two and one-half percent (2.5%) (the "Escalator"). By way of example and for clarification purposes only, if the Purchase Price of a Lot at the Closing of the Takedown 1 Lots is $67,500, then at a subsequent Closing occurring 12 months (365 days) following the date of the closing of the Takedown 1 Lots, the Purchase Price for a Lot at such subsequent Closing will be $69,187.50, which is calculated as follows: $67,500 + ($67,500 x ..025) = $69,187.50, $20,500 shall be payable as the Initial Purchase Price for the Lots acquired at that subsequent Closing. 2 3. Payment of Purchase Price. The Purchase Price for each of the Lots, as determined pursuant to Section 2 above, shall be payable as follows: (a) Earnest Money Deposit. Within three (3) business days following the Effective Date, Purchaser shall deliver to the Title Company (as defined in Section 4(a) hereof) an earnest money deposit in the amount of $250,000.00. The Title Company will act as escrow agent and invest the earnest money deposit in a federally insured institution at the highest money market rate available. The earnest money deposit and all interest earned thereon shall be referred to herein as the "Deposit." The Deposit shall be paid in Good Funds. The Deposit will be applied to the Initial Purchase Price for the Takedown 3 Lots. If this Contract is terminated prior to the expiration of the Due Diligence Period for any reason, the Deposit shall be refunded to Purchaser. If this Contract is terminated after the Due Diligence Period and prior to the Deposit being fully applied to the Purchase Price at the last Closing, the Deposit shall be paid to Seller, except in the case of a termination of this Contract pursuant to a provision that expressly entitles Purchaser to a refund of the Deposit as provided elsewhere herein. (b) Initial Purchase Price. That portion of the Purchase Price for each Lot that is identified as the Initial Purchase Price and calculated as provided in Section 2 above shall be paid by Purchaser to Seller in Good Funds at the Closing that is applicable to the Lot. (c) Deferred Purchase Price. That portion of the Purchase Price for each Lot that is identified as the Deferred Purchase Price in Section 2 above is due and payable by Purchaser to Seller, as provided in and pursuant to the terms of the Lot Development Agreement. View More

Purchase Price. 6.1 General. The purchase price per share of Restricted Stock and per share of stock deliverable upon the exercise of an Option shall be determined by the Board, provided, however, that in the case of any Option, the exercise price shall not be less than 100% of the fair market value of such stock, as determined by the Board, at the time of grant of such Option, or less than 110% of such fair market value in the case of any Incentive Stock Option granted to a Greater Than 10% Shareholder. 6.2 Pa...yment of Purchase Price. Option Agreements may provide for the payment of the exercise price by delivery of cash or a check to the order of the Company in an amount equal to the exercise price of such Options, or, to the extent provided in the applicable Option Agreement, by one of the following methods: (i) with the consent of the Board, by delivery to the Company of shares of Common Stock; such surrendered shares shall have a fair market value equal in amount to the exercise price of the Options being exercised, (ii) with the consent of the Board, a personal recourse note issued by the optionee to the Company in a principal amount equal to such aggregate exercise price and with such other terms, including interest rate and maturity, as the Company may determine in its discretion; provided, however, that the interest rate borne by such note shall not be less than the lowest applicable federal rate, as defined in Section 1274(d) of the Code, (iii) with the consent of the Board, if the class of Common Stock is registered under the Securities Exchange Act of 1934 at such time, subject to rules as may be established by the Board, by delivery to the Company of a properly executed exercise notice along with irrevocable instructions to a broker to promptly deliver to the Company cash or a check payable and acceptable to the Company for the purchase price, (iv) with the consent of the Board, by reducing the number of Option shares otherwise issuable to the optionee upon exercise of the Option by a number of shares of Common Stock having a fair market value equal to such aggregate exercise price, (v) with the consent of the Board, by any combination of such methods of payment. The fair market value of any shares of Common Stock or other non-cash consideration which may be delivered upon exercise of an Option shall be determined by the Board of Directors. Restricted Stock Agreements may provide for the payment of any purchase price in any manner approved by the Board of Directors at the time of authorizing the issuance thereof. View More

Purchase Price. The purchase price (the "Exercise Price") per share for the Warrant Stock shall be $1.00 per share tendered to the Company in good United States funds.

Purchase Price. The purchase price of Common Stock purchased pursuant to the exercise of this Option shall be $ per share (the "Purchase Price"), which has been determined to be not less than the Fair Market Value of a share of Common Stock at the Date of Grant. For all purposes of this Agreement, the Fair Market Value of a share of Common Stock shall be determined in accordance with the provisions of the Plan.

Purchase Price. The price at which the Grantee shall be entitled to purchase Shares upon the exercise of the Option shall be $ per Share.

Purchase Price. The purchase price for the Shares to be purchased by Buyers at the Closing (the "Purchase Price") shall be $2.75 per share, or an aggregate of $962,500 for all of the Shares.

Purchase Price. The Maker and Payee agree the Purchase Price was delivered under a certain Share Purchase Agreement, dated February 23, 2016, for consideration of $12,500, which was exchanged for this Note according to a certain Exchange Agreement, dated July 1, 2016 between the Maker and the Payee, attached as Exhibit A hereto.