 What is the New Note Purchase Price?
Company acknowledges that the outstanding balance of the New Note will include a $20,000.00 fee to cover Investor’s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the Settlement (the “ Transaction Expense Amount ”). The “ New Note Purchase Price ”, therefore, shall be $6,816,556.53, computed as follows: $6,836,556.53 initial principal balance, less the Transaction Expense Amount. The New Investment Amount shall be the New Note Purchase Price less the Prior Note Balance (following forgiveness by Investor of $2,677,393.47) .
6,816,556.53