If this Agreement is concluded, subject to the conditions detailed below, Buyer will pay Seller an additional $75,000 in cash at closing, requiring a total cash payment from Buyer of $125,000.
The balance of the Purchase Price, $125,000, will be paid via a Seller-financed Promissory Note. Repayment terms, schedule, security and interest rate will be agreed upon during final negotiations upon completion of Buyer Due Diligence.
The closing of the transaction referred to in hong kong email list this Agreement will be subject to certain terms and conditions, including:
I. The preparation and execution of a definitive Commercial Sale Agreement setting forth the terms of the final legally binding transaction;
II. confirmation that both Parties have the authority to enter into negotiations and execute the terms within this and any subsequent Agreement;
III. (if applicable) Agreement of Sale by the Board of Directors of (insert name of Corporation);
IV. verification and approval by the Buyer of the Seller's financial statements, with the option of engaging external consultants to conduct a confidential audit of the Seller's financial records and business operations;
