🇺🇸Axe owes $715,000 monthly for 60 months, accelerated within 12 months or upon cluster-secured financing, whichever comes first.

The payment obligation is deferred acquisition consideration owed to Duos, separate from the subsidiary debt repaid at closing. Both companies’ filings describe the purchase price as $715,000 per month for 60 months.

The same disclosures require repayment within the earlier of 12 months after closing or the date Axe or any affiliate enters into a loan or other financing secured by the cluster. The 60-month payment formulation therefore must be read together with the expressly stated earlier repayment requirement.

The financing provision is an acceleration trigger, not confirmation that a new cluster-secured loan has already been obtained. The supplied filing summaries do not specify an interest rate, conversion feature, equity issuance, or additional security terms for the deferred consideration.