Common use of Brokers or Finders Fees, Etc Clause in Contracts

Brokers or Finders Fees, Etc. The Stockholders shall together be responsible for fifty percent (50%) of a finder's fee payable to Xxxxx0.Xxx, Inc. and RES Holdings Corp. (the "Finders"). The total finder's fee is ten percent (10%) of the consideration to be paid in connection with the transaction. At the Closing, the Stockholders shall together pay or cause to be paid to each of the two Finders 2.5% of the cash portion of the consideration to be received by the Stockholders in connection with the sale of the Sold Shares, and 2.5% of the MOTG Notes to be issued to the Stockholders in connection with the sale of the Sold Shares. The Stockholders may direct such cash be paid directly to such Finder from the closing proceeds, and furthermore may direct that MOTG issue MOTG Notes directly to the respective Finders. Except for such fees due to the Finders, no agent, broker, investment banker, person or firm acting on behalf of the Stockholders or SoundCity or under their authority is or will be entitled to any broker's or finder's fee or any other commission or similar fee directly or indirectly from MOTG in connection with the transactions contemplated hereby.

Brokers or Finders Fees, Etc. The Stockholders In addition to the consideration payable by MOTG to the Stockholders, MOTG shall together be responsible for fifty percent (50%) of a finder's fee payable to Xxxxx0.Xxx, Inc. and RES Holdings Corp. the Finders (the "Finders"as defined in Section 2.8). The total MOTG's payment of its share of the finder's fee is ten percent (10%) of will not reduce the consideration payable to be paid in connection with the transactionStockholders for the Sold Shares under Section 1.2. At the Closing, the Stockholders MOTG shall together pay or cause to be paid to each of the two Finders Finder an amount equal to 2.5% of the aggregate cash portion of the consideration to be received by paid to the Stockholders in connection with the sale MOTG's purchase of the Sold Shares, and MOTG shall also issue to each Finder an additional MOTG Note in the principal amount of 2.5% of the MOTG Notes to be issued to the Stockholders in connection with the sale such purchase of the Sold Shares. The Stockholders may direct such cash be paid directly to such Finder from the closing proceeds, and furthermore may direct that MOTG issue MOTG Notes directly to the respective Finders. Except for such fees due to the Finders, no agent, broker, investment banker, person or firm acting on behalf of the Stockholders or SoundCity MOTG or under their the authority of MOTG is or will be entitled to any broker's or finder's fee or any other commission or similar fee directly or indirectly from MOTG the Stockholders or SoundCity in connection with the transactions contemplated hereby.