Commission to the Agent. The Investor understands that upon Closing, the Agent will receive from the Company a commission of up to 6.5% of the gross proceeds raised from the Offering, payable to the Agent in cash plus a commission of 2.5% of the gross proceeds raised from the exercise of the Warrants. The Agent will also receive share purchase warrants which permit the acquisition of the Warrant Shares at the exercise price of $7.00 per Warrant Share in such number as equals 2.5% of the gross proceeds from the Offering. D/WLM/695851.4 - 16 -
Appears in 1 contract
Samples: Securities Purchase Agreement (Cheetah Oil & Gas Ltd.)
Commission to the Agent. 13.1 The Investor Subscriber understands that upon Closing, the Agent will receive from the Company a commission of up to 6.57.5% of the gross proceeds raised from the Offering, payable to the Agent in cash plus a commission cash bonus of 2.5% $75,000 if $8,000,000 of the gross proceeds raised from the exercise of the WarrantsUnits are sold by July 31, 2003. The Agent will also receive share purchase warrants which permit the acquisition of the Warrant Shares at the exercise price of $7.00 3.84 per Warrant Share in such number as equals 2.5% five percent of the gross proceeds from the Offering. D/WLM/695851.4 - 16 -.
Appears in 1 contract
Samples: Private Placement Subscription Agreement (Heartland Oil & Gas Corp)
Commission to the Agent. 12.1 The Investor Subscriber understands that upon Closing, the Agent will receive from the Company a commission of up to 6.5% seven percent (7%) of the gross proceeds raised from the Offering, payable to the Agent in cash plus a commission cash bonus of 2.5% US$25,000 if US$2,000,000 of the gross proceeds raised from the exercise of the WarrantsUnits are sold by June 30, 2003. The Agent will also receive share purchase warrants which permit the acquisition of the Warrant Shares at the exercise price of $7.00 US$3.38 per Warrant Share in such number as equals 2.5% five percent (5%) of the gross proceeds from the Offering. D/WLM/695851.4 - 16 -.
Appears in 1 contract
Samples: Private Placement Subscription Agreement (Heartland Oil & Gas Corp)
Commission to the Agent. 8.1 The Investor Subscriber understands that upon Closing, the Agent will receive from the Company a commission of up to 6.5% seven percent (7%) of the gross proceeds raised from the Offeringsale of the Securities, payable to the Agent in cash plus a commission of 2.5% of the gross proceeds raised from the exercise of the Warrantscash. The Agent will also receive share purchase warrants which permit the acquisition of the Warrant Shares Company's common shares at the exercise price of $7.00 per Warrant Share Subscription Price in such number as equals 2.5% of the gross proceeds from commission payable to the Offering. D/WLM/695851.4 - 16 -Agent hereunder divided by the Subscription Price.
Appears in 1 contract
Samples: Private Placement Subscription Agreement (Smartire Systems Inc)