Purchase of IP 3.1 Purchase Price
The purchase price payable by the Purchaser, on behalf of the Secured Lenders, to the Vendors for the
Purchased Assets will be USD$15,000,000 (the “Purchase Price”).
3.2 Payment of Purchase Price
The Purchase Price is to be paid and satisfied by release of a portion of the Secured Debt, on a ratable
basis among the Secured Lenders, in the amount of the Purchase Price. The Secured Debt, as of August
30, 2023, for principal and all accrued and unpaid interest thereon through to and including the Closing
Date, is USD$27,005,157, plus any fees, premiums, final payments, and expenses associated therewith."