Transaction Expense Amount Clause Example from Business Contracts

Transaction Expense Amount. Upon Closing, the Company shall pay Three Thousand and No/100 United States Dollars (US$3,000) to Auctus Fund Management, Inc. ("Auctus Management") to cover the Holder's due diligence, monitoring, and other transaction costs incurred for services rendered in connection herewith (the "Transaction Expense Amount"). The Transaction Expense Amount shall be offset against the proceeds of the Note and shall be paid to Auctus Management upon the execution hereof.