Common use of COMPENSATION AND OTHER FEES Clause in Contracts

COMPENSATION AND OTHER FEES. As compensation for the services provided by the Placement Agent hereunder, the Company agrees to pay to the Placement Agent: (A) The fees set forth below with respect to the Placement: A cash fee payable immediately upon the closing of the Placement equal to 6% of the aggregate gross proceeds raised in the Placement. (B) The fees set forth below if there is any financing of equity or debt or other capital raising activity of the Company (a “Financing”) within 6 months after the expiration or termination of this Agreement with any investors that were introduced to the Company by the Placement Agent pursuant to this Agreement: A cash fee payable immediately upon the closing of any portion of any Financing and equal to such percentage of the aggregate gross proceeds raised in such Financing from such investors as is agreed by the Company and the investment banker or bankers engaged for such Financing; divided 50% to the Placement Agent and 50% to the investment banker or bankers engaged by the Company in connection with such subsequent Financing. Such “tail” fee shall only be payable in Cell Therapeutics, Inc. 11/29/2007 connection with any investor (or any affiliate of such investor) that has been contacted by the Placement Agent prior to giving notice of any termination of this Agreement, and listed on Schedule A prepared by the Placement Agent and approved by the Company and attached hereto at the time of execution of this Agreement. (C) The Company also agrees to reimburse the Placement Agent’s expenses (with supporting invoices/receipts) up to a maximum of $20,000. Such reimbursement shall be payable immediately upon (but only in the event of) the closing of the Placement.

Appears in 1 contract

Samples: Placement Agent Agreement (Cell Therapeutics Inc)

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COMPENSATION AND OTHER FEES. As compensation for the services provided by the Placement Agent hereunder, the Company agrees to pay to the Placement Agent: (A) The fees set forth below with respect to the Placement: A cash fee payable immediately upon the closing of the Placement equal to 6% of the aggregate gross proceeds raised in the Placement. (B) The fees set forth below if there is any financing of equity or debt or other capital raising activity of the Company (a “Financing”) within 6 months after the expiration or termination of this Agreement with any investors that were introduced to the Company by the Placement Agent pursuant to this Agreement: A cash fee payable immediately upon the closing of any portion of any Financing and equal to such percentage of the aggregate gross proceeds raised in such Financing from such investors as is agreed by the Company and the investment banker or bankers engaged for such Financing; Cell Therapeutics, Inc. 07/__/2007 divided 50% to the Placement Agent and 50% to the investment banker or bankers engaged by the Company in connection with such subsequent Financing. Such “tail” fee shall only be payable in Cell Therapeutics, Inc. 11/29/2007 connection with any investor (or any affiliate of such investor) that has been contacted by the Placement Agent prior to giving notice of any termination of this Agreement, and listed on Schedule A prepared by the Placement Agent and approved by the Company and attached hereto at the time of execution of this Agreement. (C) The Company also agrees to reimburse the Placement Agent’s expenses (with supporting invoices/receipts) up to a maximum of $20,000. Such reimbursement shall be payable immediately upon (but only in the event of) the closing of the Placement.

Appears in 1 contract

Samples: Placement Agent Agreement (Cell Therapeutics Inc)

COMPENSATION AND OTHER FEES. As compensation for the services provided by the Placement Agent hereunder, the Company agrees to pay to the Placement Agent: (A) The fees set forth below with respect to the Placement: A cash fee payable immediately upon the closing of the Placement equal to 6% of the aggregate gross proceeds raised in the Placement. (B) The fees set forth below if there is any financing of equity or debt or other capital raising activity of the Company (a “Financing”) within 6 months after the expiration or termination of this Agreement with any investors that were introduced to the Company by the Placement Agent pursuant to this Agreement: A cash fee payable immediately upon the closing of any portion of any Financing and equal to such percentage of the aggregate gross proceeds raised in such Financing from such investors as is agreed by the Company and the investment banker or bankers engaged for such Financing; divided 50% to the Placement Agent and 50% to the investment banker or bankers engaged by the Company in connection with such subsequent Financing. Such “tail” fee shall only be payable in Cell Therapeutics, Inc. 11/29/2007 connection with any investor (or any affiliate of such investor) that has been contacted by the Placement Agent prior to giving notice of any termination of this Agreement, and listed on Schedule A prepared by the Placement Agent and approved by the Company and attached hereto at the time of execution of this Agreement. (C) The Company also agrees to reimburse the Placement Agent’s expenses (with supporting invoices/receipts) up to a maximum of $20,000. Such reimbursement shall be payable immediately upon (but only in the event of) the closing of the Placement.

Appears in 1 contract

Samples: Placement Agent Agreement (Cell Therapeutics Inc)

COMPENSATION AND OTHER FEES. As compensation for the services provided by the Placement Agent Agents hereunder, the Company agrees to pay to the Placement AgentAgents: (A) The fees set forth below with respect to the Placement: A cash fee payable immediately upon the closing of the Placement and equal to 65% of the aggregate gross proceeds raised in the Placement. Such fee shall be payable 75% to R&R and 25% to PZ. (B) The fees set forth below if there is any financing of equity or debt or other capital raising activity of the Company (a “Financing”) within 6 months after the expiration or termination of this Agreement with any investors that were introduced to the Company by either of the Placement Agent Agents pursuant to this Agreement: Cell Therapeutics, Inc. A cash fee payable immediately upon the closing of any portion of any Financing and equal to such percentage of the aggregate gross proceeds raised in such Financing from such investors as is agreed by the Company and the investment banker or bankers engaged for such Financing; divided 50% to between R&R and PZ on the Placement Agent one hand (divided between them as set forth above) and 50% to the investment banker or bankers engaged by the Company in connection with such subsequent FinancingFinancing on the other hand. Such “tail” fee shall only be payable in Cell Therapeutics, Inc. 11/29/2007 connection with any investor (or any affiliate of such investor) that has been contacted by the Placement Agent Agents (or either of them) prior to giving notice of any termination of this Agreement, and listed on Schedule A prepared by the Placement Agent Agents and approved by the Company and attached hereto at the time of execution of this Agreement. (C) The Company also agrees to reimburse the Placement Agent’s Agents’ expenses (with supporting invoices/receipts) up to a joint maximum of $20,000. Such reimbursement shall be payable immediately upon (but only in the event of) the closing of the Placement.

Appears in 1 contract

Samples: Placement Agent Agreement (Cell Therapeutics Inc)

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COMPENSATION AND OTHER FEES. As compensation for the services provided by the Placement Agent hereunder, the Company agrees to pay to the Placement Agent: (A) The fees set forth below with respect to the Placement: A cash fee payable immediately upon the closing of the Placement equal to 6% of the aggregate gross proceeds raised in the Placement. (B) The fees set forth below if there is any financing of equity or debt or other capital raising activity of the Company (a “Financing”) within 6 months after the expiration or termination of this Agreement with any investors that were introduced to the Company by the Placement Agent pursuant to this Agreement: A cash fee payable immediately upon the closing of any portion of any Financing and equal to such percentage of the aggregate gross proceeds raised in such Financing from such investors as is agreed by the Company and the investment banker or bankers engaged for such Financing; divided 50% to the Placement Agent and 50% to the investment banker or bankers engaged by the Company in connection with such subsequent Financing. Such “tail” fee shall only be payable in Cell Therapeutics, Inc. 11/29/2007 [04/11/2007] payable in connection with any investor (or any affiliate of such investor) that has been contacted by the Placement Agent prior to giving notice of any termination of this Agreement, and listed on Schedule A prepared by the Placement Agent and approved by the Company and attached hereto at the time of execution of this Agreement. (C) The Company also agrees to reimburse the Placement Agent’s expenses (with supporting invoices/receipts) up to a maximum of $20,000. Such reimbursement shall be payable immediately upon (but only in the event of) the closing of the Placement.

Appears in 1 contract

Samples: Placement Agent Agreement (Cell Therapeutics Inc)

COMPENSATION AND OTHER FEES. As compensation for the services provided by the Placement Agent hereunder, the Company agrees to pay to the Placement Agent: (A) The fees set forth below with respect to the Placement: A cash fee payable immediately upon the closing of the Placement equal to 6% of the aggregate gross proceeds raised in the Placement. (B) The fees set forth below if there is any financing of equity or debt or other capital raising activity of the Company (a “Financing”) within 6 months after the expiration or termination of this Agreement with any investors that were introduced to the Company by the Placement Agent pursuant to this Agreement: A cash fee payable immediately upon the closing of any portion of any Financing and equal to such percentage of the aggregate gross proceeds raised in such Financing from such investors as is agreed by the Company and the investment banker or bankers engaged for such Financing; divided 50% to the Placement Agent and 50% to the investment banker or bankers engaged by the Company in connection with such subsequent Financing. Such “tail” fee shall only be payable in Cell Therapeutics, Inc. 11/29/2007 December 20, 2007 payable in connection with any investor (or any affiliate of such investor) that has been contacted by the Placement Agent prior to giving notice of any termination of this Agreement, and listed on Schedule A prepared by the Placement Agent and approved by the Company and attached hereto at the time of execution of this Agreement. (C) The Company also agrees to reimburse the Placement Agent’s expenses (with supporting invoices/receipts) up to a maximum of $20,000. Such reimbursement shall be payable immediately upon (but only in the event of) the closing of the Placement.

Appears in 1 contract

Samples: Placement Agent Agreement (Cell Therapeutics Inc)

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