Common use of COMPENSATION AND OTHER FEES Clause in Contracts

COMPENSATION AND OTHER FEES. (A) As compensation for the services provided by Xxxxxx hereunder, the Company agrees to pay to Xxxxxx x xxxx fee payable immediately upon (but only in the event of) the closing of the Placement and equal to 3% of the aggregate gross proceeds raised in the Placement. Additionally, a cash fee payable within 48 hours after (but only in the event of) the receipt by the Company of any proceeds from the exercise of the Warrants sold in the Placement to Purchasers and otherwise in compliance with Financial Industry Regulatory Authority (“FINRA”) Rule 5110 equal to 3% of the aggregate cash exercise price received by the Company upon such exercise, if any (the “Warrant Solicitation Fee”).

COMPENSATION AND OTHER FEES. (A) As compensation for the services provided by Xxxxxx the Placement Agent hereunder, the Company agrees to pay to Xxxxxx x xxxx fee payable immediately upon (but only in the event of) the closing of the Placement and equal to 35% of the aggregate gross proceeds raised in the Placement. Additionally, a cash fee shall be payable to the Placement Agent within 48 hours after of (but only in the event of) the receipt by the Company of any proceeds from the exercise of the Warrants sold in the Placement to Purchasers and otherwise in compliance with Financial Industry Regulatory Authority (“FINRA”) Rule 5110 equal to 35% of the aggregate cash exercise price received by the Company upon such exercise, if any (the “Warrant Solicitation Fee”).

COMPENSATION AND OTHER FEES. (A) As compensation for the services provided by Xxxxxx hereunder, the Company agrees to pay to Xxxxxx x xxxx fee payable immediately upon (but only in the event of) the closing of the Placement and equal to 35% of the aggregate gross proceeds raised in the Placement. Additionally, a cash fee payable within 48 hours after of (but only in the event of) the receipt by the Company of any proceeds from the exercise of the Warrants warrants sold in the Placement to Purchasers that are solicited by the Placement Agent and otherwise in compliance with Financial Industry Regulatory Authority (“FINRA”) Rule 5110 equal to 35% of the aggregate cash exercise price received by the Company upon such exercise, if any (the “Warrant Solicitation Fee”).