ONAR pays $1M down payment for Advertise Purple acquisition; refundable only if seller fails to sign

Onar Holding Corp

ONAR paid $1,000,000 down payment to Advertise Purple toward acquisition of 100% equity.
Down payment refundable only if ONAR is ready to close but Advertise Purple or sellers fail to sign definitive agreement.
Outside date for signing definitive agreement is August 27, 2026; otherwise LOI and amendment terminate.
Total purchase price up to $27.5M: $12.5M cash at closing, $7M seller note, up to $8M earn-out.
Amendment removes prior legal fee reimbursement provision; each party bears own expenses.

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