Every time I look at these documents again, I see how unbelievably crystal clear this has been the entire time. I read the excerpt below and its astounding there had to be endless debate around an Upfront Purchase Price, when the Purchase Price was set forth in plain English in the signed APA.
3.1 Purchase Price. The consideration payable by the Purchaser to the Vendors for the Vendors’ rights, title and interests in and to the Purchased Assets shall be $4,340,000 (the “Purchase Price”).
3.2 Satisfaction of Purchase Price. The Purchase Price shall be paid and satisfied as follows:
(1) the deposit in the amount of $334,000 paid in support of the Offer by the Purchaser to the Monitor in trust on behalf of the Vendors (plus any interest accrued thereon further to the receipt by the Monitor) (the “Deposit”) and shall be applied against the Purchase Price on Closing; and
(2) the balance of the Purchase Price, after crediting the Deposit (including interest), shall be paid by the Purchaser to the Monitor on behalf of the Vendors on Closing.
