Common use of Monitoring Fee Clause in Contracts

Monitoring Fee. The Company shall pay Yorkville, upon the receipt of an invoice therefore, a monthly monitoring fee (“Monitoring Fee”) for its continuing due diligence, structuring, monitoring and managing of the SEDA commitment for the Investor pursuant to Yorkville’s existing advisory obligations to the Investor. The Monitoring Fee shall be charged as follows: (a) $10,000 shall be due on the first business day of the first month following the effective date of the Registration Statement, and (b) $2,000 each month during the Commitment Period beginning on the month following the month of the payment in clause (a) is due until either termination in accordance with Section 10.2.

Monitoring Fee. The Company shall pay Yorkville, upon the receipt of an invoice notice therefore, a monthly monitoring fee (“Monitoring Fee”) for its continuing due diligence, structuring, monitoring and managing of the SEDA commitment for the Investor pursuant to Yorkville’s existing advisory obligations to the Investor. The Monitoring Fee shall be charged as follows: (a) $10,000 1,000 shall be due on the first business day of the first month following the effective date of the Registration Statement, and (b) $2,000 1,000 each month during the Commitment Period beginning on the month following the month of the payment in clause (a) is due until either termination in accordance with Section 10.210.02.

Monitoring Fee. The Company shall pay Yorkville, upon the receipt of an invoice therefore, a monthly monitoring fee (“Monitoring Fee”) for its continuing due diligence, structuring, monitoring and managing of the SEDA commitment for the Investor pursuant to Yorkville’s existing advisory obligations to the Investor. The Monitoring Fee shall be charged changed as follows: (a) $10,000 shall be due 3,333 (the “Effective Date Monitoring Fee”) on the first business day of the first month following the effective date of the Registration Statement, Effective Date and (b) $2,000 3,333 on the first business day of each month during the Commitment Period beginning on the month following the month payment of the payment in clause (a) is due until either termination in accordance with Section 10.2Effective Date Monitoring Fee.