Common use of Fees/Warrants Clause in Contracts

Fees/Warrants. (a) The Company shall pay to counsel to the Subscriber its fees, up to a maximum of $25,000 (of which $7,500 has been paid) for services rendered to Subscribers in connection with this Agreement and the other Subscription Agreements for aggregate subscription amounts of up to $750,000 (the "Initial Offering"), and acting as escrow agent for the Initial Offering. The Company will pay to the Finders identified on Schedule B hereto a cash fee in the amount of: nine percent (9%) of the Purchase Price and aggregate Put Purchase Price (defined in Section 11.1(a) hereto), and set forth on the signature page hereto ("Finder's Fee") and of the actual cash proceeds received by the Company in connection with the exercise of the Warrants issued in connection with the Initial Offering ("Initial Warrants"), and Warrants issuable in connection with the Put ("Put Warrants") ("Warrant Exercise Compensation"). Collectively, the Initial Warrants and Put Warrants are referred to herein as Warrants. The Finder's Fee must be paid each Closing Date and Put Closing Date with respect to the Notes issued on such date. The Warrant Exercise Compensation must be paid to the Finders identified on Schedule B hereto, within ten (10) days of receipt of the Warrant exercise cash. The Finder's Fee and legal fees will be payable out of funds held pursuant to a Funds Escrow Agreement to be entered into by the Company, Subscriber and an Escrow Agent. On the Closing Date, the Company will pay the entity identified on Schedule B hereto, the sum of $2,500 as a non- accountable expense allowance ("Non-Accountable Expense Allowance").

Appears in 1 contract

Samples: Subscription Agreement (Kaire Holdings Inc)

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Fees/Warrants. (a) The Company shall pay to counsel to the Subscriber its fees, up to a maximum fee of $25,000 ($5,000 of which $7,500 has already been paid) for services rendered to Subscribers in connection with reviewing this Agreement and the other Subscription Agreements for aggregate subscription amounts of up to $750,000 250,000 (the "Initial Offering"), and an additional subscription amount of up to $250,000 (the "Second Payment"), and acting as escrow agent for the Initial Offering. The Company will pay to the Finders identified on Schedule B hereto a cash fee in the amount of: nine of ten percent (910%) of the Purchase Price and aggregate Put Second Payment Note Purchase Price (defined in Section 11.1(a) hereto), and set forth designated on the signature page hereto ("Finder's Fee") and of the actual cash proceeds received by the Company in connection with the exercise of the Warrants issued in connection with the Initial Offering ("Initial Warrants"), ) and Warrants issuable in connection with the Put ("Put Second Payment("Second Payment Warrants") ("Warrant Exercise Compensation")) to the Finders identified on Schedule B hereto. Collectively, the Initial Warrants and Put Second Payment Warrants are referred to herein as Warrants. The Finder's Fee must be paid each Closing Date and Put Second Payment Closing Date with respect to the Notes issued on such dateDate. The Warrant Exercise Compensation must be paid within ten (10) days of Warrant exercise to the Finders identified on Schedule B hereto, within ten (10) days of receipt of the Warrant exercise cash. The Finder's Fee and legal fees will be payable out of funds held pursuant to a Funds Escrow Agreement to be entered into by the Company, Subscriber and an Escrow Agent. On the Closing Date, the Company will pay the entity identified on Schedule B hereto, the sum of $2,500 as a non- accountable expense allowance ("Non-Accountable Expense Allowance").

Appears in 1 contract

Samples: Subscription Agreement (Commercial Concepts Inc)

Fees/Warrants. (a) The Company shall pay to counsel to the Subscriber its fees, up to a maximum of $25,000 24,500 (of which $7,500 has been paid) for services rendered to Subscribers in connection with this Agreement and the other Subscription Agreements for aggregate subscription amounts of up to $750,000 (the "Initial Offering"), and acting as . The Company will pay the escrow agent for the Initial OfferingOffering a fee of $500. The Company will pay to the Finders identified on Schedule B hereto a cash fee in the amount of: nine ten percent (910%) of the Purchase Price and aggregate Put Purchase Price (defined in Section 11.1(a) hereto), and set forth on the signature page hereto ("Finder's Fee") and of the actual cash proceeds received by the Company in connection with the exercise of the Warrants issued in connection with the Initial Offering ("Initial Warrants"), and Warrants issuable in connection with the Put ("Put Warrants") ("Warrant Exercise Compensation"). Collectively, the Initial Warrants and Put Warrants are referred to herein as Warrants. The Finder's Fee must be paid each Closing Date and Put Closing Date with respect to the Notes issued on such date. The Warrant Exercise Compensation must be paid to the Finders identified on Schedule B hereto, within ten (10) days of receipt of the Warrant exercise cashPurchase Price (as defined in the Warrant). The Finder's Fee and legal fees will be payable out of funds held pursuant to a Funds Escrow Agreement to be entered into by the Company, Subscriber and an Escrow Agent. On the Closing Date, the Company will pay the entity identified on Schedule B hereto, the sum of $2,500 as a non- accountable due diligence expense allowance ("Non-Accountable Due Diligence Expense Allowance").

Appears in 1 contract

Samples: Subscription Agreement (Global Telemedia International Inc)

Fees/Warrants. (a) The Company shall pay to counsel to the Subscriber its fees, up to a maximum of $25,000 21,500 (of which $7,500 has been paid) for services rendered to Subscribers in connection with this Agreement and the other Subscription Agreements for aggregate subscription amounts of up to $750,000 (the "Initial Offering"), ) and acting aggregate Put Amounts (as defined herein) of up to $4,250,000. The Company will pay the escrow agent for the Initial OfferingOffering a fee of $500. The Company will pay to the Finders identified on Schedule B hereto a cash fee in the amount of: nine ten percent (910%) of the Purchase Price and aggregate Put Purchase Price (defined in Section 11.1(a) hereto), and set forth on the signature page hereto ("Finder's Fee") and of the actual cash proceeds received by the Company in connection with the exercise of the Warrants issued in connection with the Initial Offering ("Initial Warrants"), and Warrants issuable in connection with the Put ("Put Warrants") ("Warrant Exercise Compensation"). Collectively, the Initial Warrants and Put Warrants are referred to herein as Warrants. The Finder's Fee must be paid each Closing Date and Put Closing Date with respect to the Notes issued on such date. The Warrant Exercise Compensation must be paid to the Finders identified on Schedule B hereto, within ten (10) days of receipt of the Warrant exercise cashPurchase Price (as defined in the Warrant). The Finder's Fee and legal fees will be payable out of funds held pursuant to a Funds Escrow Agreement to be entered into by the Company, Subscriber and an Escrow Agent. On the Closing Date, the Company will pay the entity identified on Schedule B hereto, the sum of $2,500 as a non- accountable an expense allowance ("Non-Accountable Expense Allowance").

Appears in 1 contract

Samples: Subscription Agreement (Tirex Corp)

Fees/Warrants. (a) The Company shall pay to counsel to the Subscriber its fees, up to a maximum of $25,000 35,000 (of which $7,500 has been paid) for services rendered to Subscribers in connection with this Agreement and the other Subscription Agreements for aggregate subscription amounts of up to $750,000 1,000,000 (the "Initial Offering"), and aggregate Put Purchase Price (defined in Section 11.1(a) hereto) of $4,000,000, and acting as escrow agent for the Initial Offering. The Company will pay to the Finders identified on Schedule B hereto a cash fee in the amount of: nine ten percent (910%) of the initial $3,000,000 of Purchase Price and aggregate Put Purchase Price (defined in Section 11.1(a) hereto)Price, and set forth on the signature page hereto ("Finder's Fee") and of the actual cash proceeds received by the Company in connection with the exercise of the Warrants issued in connection with the Initial Offering ("Initial Warrants"), and Warrants issuable in connection with the Put ("Put Warrants") ("Warrant Exercise Compensation"); 7% of the following $8,000,000 of such actual cash proceeds; and 5% of all cash proceeds thereafter. Collectively, the Initial Warrants and Put Warrants are referred to herein as Warrants. The Finder's Fee must be paid each Closing Date and Put Closing Date with respect to the Notes issued on such date. The Warrant Exercise Compensation must be paid within ten (10) days of Warrant exercise to the Finders identified on Schedule B hereto, within ten (10) days of receipt of the Warrant exercise cash. The Finder's Fee and legal fees will be payable out of funds held pursuant to a Funds Escrow Agreement to be entered into by the Company, Subscriber and an Escrow Agent. On the Closing Date, the Company will pay the entity identified on Schedule B hereto, the sum of $2,500 as a non- non-accountable expense allowance ("Non-Accountable Expense Allowance").

Appears in 1 contract

Samples: Subscription Agreement (Ibiz Technology Corp)

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Fees/Warrants. (a) The Company shall pay to counsel to the Subscriber its fees, up to a maximum of $25,000 (of which $7,500 has been paid) for services rendered to Subscribers in connection with this Agreement and the other Subscription Agreements for aggregate subscription amounts of up to $750,000 500,000 (the "Initial Offering"), ”) and acting as escrow agent for the Initial Offering. The Company will pay to the Finders identified on Schedule B hereto a cash fee in the amount of: nine of ten percent (910%) of the Purchase Price and aggregate Put Purchase Price (defined in Section 11.1(a) hereto), and set forth on the signature page hereto ("Finder's ’s Fee") and of the actual cash proceeds received by the Company in connection with the exercise of the Warrants issued in connection with the Initial Offering ("Initial Warrants"), and Warrants issuable in connection with the Put ("Put Warrants") ("Warrant Exercise Compensation")”) to the Finders identified on Schedule B hereto. Collectively, the Initial Warrants and Put Warrants are referred to herein as Warrants. The Finder's ’s Fee must be paid each Closing Date and Put Closing Date with respect to the Notes issued on such date. The Warrant Exercise Compensation must be paid within ten (10) days of Warrant exercise to the Finders identified on Schedule B hereto, within ten (10) days of receipt of the Warrant exercise cash. The Finder's ’s Fee and legal fees will be payable out of funds held pursuant to a Funds Escrow Agreement to be entered into by the Company, Subscriber and an Escrow Agent. On the Closing Date, the Company will pay the entity identified on Schedule B hereto, the sum of $2,500 as a non- accountable expense allowance ("Non-Accountable Expense Allowance").6

Appears in 1 contract

Samples: Subscription Agreement (American Technologies Group Inc)

Fees/Warrants. (a) The Company shall pay to counsel to the Subscriber its fees, up to a maximum fees of $25,000 (of which $7,500 has been paid) 22,500 for services rendered to Subscribers in connection with this Agreement and the other Subscription Agreements for aggregate subscription amounts of up to $750,000 500,000 (the "Initial Offering"), and acting as escrow agent for the Initial Offering. The Company will pay to the Finders identified on Schedule B hereto a cash fee in the total amount of: nine of ten percent (910%) of the Purchase Price and aggregate Put Purchase Price (as defined in Section 11.1(a) hereto), and set forth on the signature page hereto ("Finder's Fee") and of the actual cash proceeds received by the Company in connection with the exercise of the Warrants issued in connection with the Initial Offering ("Initial Warrants"), and Warrants issuable in connection with the Put ("Put Warrants") ("Warrant Exercise Compensation")) to the Finders identified on Schedule B hereto. Collectively, the Initial Warrants and Put Warrants are referred to herein as Warrants. The Finder's Fee must be paid each Closing Date and Put Closing Date with respect to the Notes issued on such date. The Warrant Exercise Compensation must be paid within ten (10) calendar days of Warrant exercise to the Finders identified on Schedule B hereto, within ten (10) days of receipt of the Warrant exercise cash. The Finder's Fee and legal fees will be payable out of funds held pursuant to a Funds Escrow Agreement to be entered into by the Company, Subscriber and an Escrow Agent. On the Closing Date, the Company will pay the entity identified on Schedule B hereto, the sum of $2,500 as a non- non-accountable expense allowance ("Non-Accountable Expense Allowance").

Appears in 1 contract

Samples: Subscription Agreement (Plus Solutions Inc)

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