Common use of Legal Fees/Commissions Clause in Contracts

Legal Fees/Commissions. The Company shall pay to counsel to the Subscriber its fee of $15,000 for services rendered to the Subscriber in reviewing this Agreement and other subscription agreements for the aggregate subscription amounts of up to $500,000 and acting as escrow agent. The Company will pay a cash commission of three percent (3%) of the Purchase Price designated on the signature page hereto to certain Placement Agents identified on Schedule B hereto. The cash commissions 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. The Company will also issue and deliver to the Placement Agents as additional compensation Preferred Stock of the Company ("Commission Shares") and Placement Warrants designated on Schedule B hereto. The Commissions will be issued to the Placement Agents only when, as, and if the corresponding subscription amount is released from escrow to the Company. All the representations, covenants, warranties and undertakings, including but not limited to registration rights made or granted to or for the benefit of the Subscriber and the terms described in Sections 9.1, 9.2, and 9.3 hereof are hereby also made and granted to the Placement Agents in respect of the Commission Shares, Placement Warrants and Company Shares issuable upon exercise of the Placement Warrants.

Appears in 1 contract

Samples: Subscription Agreement (China Peregrine Food Corp)

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Legal Fees/Commissions. The Company shall pay to counsel to the Subscriber its fee of $15,000 5,000 for services rendered to the Subscriber in reviewing this Agreement and other subscription agreements for the aggregate subscription amounts of up to $500,000 and acting as escrow agent. The Company will pay a cash commission of three percent (3%) of the First Put Purchase Price designated on the signature page hereto to certain Placement Agents identified on Schedule B A hereto. The cash commissions 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. The Company will also issue and deliver to the Placement Agents as additional compensation First Put Preferred Stock of the Company ("First Put Commission Shares") and First Put Placement Warrants designated on Schedule B A hereto. The Commissions will be issued to the Placement Agents only when, as, and if the corresponding subscription amount is released from escrow to the Company. All the representations, covenants, warranties and undertakings, including but not limited to registration rights made or granted to or for the benefit of the Subscriber and the terms described in Sections 9.1, 9.2, and 9.3 hereof are hereby also made and granted to the Placement Agents in respect of the First Put Commission Shares, First Put Placement Warrants and Company Shares issuable upon exercise of the First Put Placement Warrants.

Appears in 1 contract

Samples: First Put Subscription Agreement (Bikers Dream Inc)

Legal Fees/Commissions. The Company shall pay to counsel to the Subscriber its fee of $15,000 for services rendered to the Subscriber in reviewing this Agreement and other subscription agreements for the aggregate subscription amounts of up to $500,000 1,500,000 and acting as escrow agent. The Company will pay a cash commission of three percent (3%) of the Purchase Price designated on the signature page hereto to certain Placement Agents identified on Schedule B hereto. The cash commissions 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. The Company will also issue and deliver to the Placement Agents as additional compensation Preferred Stock of the Company ("Commission Shares") and Placement Warrants designated on Schedule B hereto. The Commissions will be issued to the Placement Agents only when, as, and if the corresponding subscription amount is released from escrow to the Company. All the representations, covenants, warranties and undertakings, including but not limited to registration rights made or granted to or for the benefit of the Subscriber and the terms described in Sections 9.1, 9.2, and 9.3 hereof are hereby also made and granted to the Placement Agents in respect of the Commission Shares, Placement Warrants and Company Shares issuable upon exercise of the Placement Warrants.

Appears in 1 contract

Samples: Subscription Agreement (Bikers Dream Inc)

Legal Fees/Commissions. The Company shall pay to counsel to the Subscriber its fee of $15,000 20,000 for services rendered to the Subscriber in reviewing this Agreement and other subscription agreements for the aggregate subscription amounts of up to $500,000 750,000 and acting as escrow agent. The Company will pay a cash commission and unaccountable expense allowance, in the aggregate, of three twelve percent (312%) of the Purchase Price designated on the signature page hereto to certain Placement Agents identified on Schedule B hereto. The cash commissions 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. The Company will also issue and deliver to the Placement Agents as additional compensation Preferred Stock of the Company ("Commission Shares") and Placement Warrants designated on Schedule B hereto. The Commissions cash commissions and Placement Warrants will be issued to the Placement Agents only when, as, and if the corresponding subscription amount is released from escrow to the Company. All the representations, covenants, warranties and warranties, undertakings, and indemnification including but not limited to registration rights made or granted to or for the benefit of the Subscriber and the terms described in Sections 9.1, 9.2, and 9.3 hereof are hereby also made and granted to the Placement Agents in respect of the Commission Shares, Placement Warrants and Company Shares issuable upon exercise of the Placement Warrants.

Appears in 1 contract

Samples: Subscription Agreement (Kaleidoscope Media Group Inc)

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Legal Fees/Commissions. The Company shall pay to counsel to the Subscriber its fee of $15,000 45,000 for services rendered to the Subscriber in reviewing this Agreement and other subscription agreements for the aggregate subscription amounts of up to $500,000 2,866,666 and acting as escrow agent. The Company will pay a cash commission and unaccountable expense allowance, in the aggregate, of three twelve percent (312%) of the Purchase Price designated on the signature page hereto to certain Placement Agents identified on Schedule B hereto. The cash commissions 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. The Company will also issue and deliver to the Placement Agents as additional compensation Preferred Stock of the Company ("Commission Shares") and Placement Warrants designated on Schedule B hereto. The Commissions cash commissions and Placement Warrants will be issued to the Placement Agents only when, as, and if the corresponding subscription amount is released from escrow to the Company. All the representations, covenants, warranties and warranties, undertakings, and indemnification including but not limited to registration rights made or granted to or for the benefit of the Subscriber and the terms described in Sections 9.1, 9.2, and 9.3 hereof are hereby also made and granted to the Placement Agents in respect of the Commission Shares, Placement Warrants and Company Shares common stock issuable upon exercise of the Placement Warrants.

Appears in 1 contract

Samples: Subscription Agreement (Antra Holdings Group Inc)

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