Common use of Payment of Prospect Fee Clause in Contracts

Payment of Prospect Fee. Participant shall pay an aggregate prospect fee to PetroShare upon the execution of this Agreement equal to the sum of Seventy Five Thousand Dollars ($75,000) ("Prospect Fee").

Appears in 3 contracts

Samples: Participation Agreement (PetroShare Corp.), Participation Agreement (PetroShare Corp.), Participation Agreement (PetroShare Corp.)

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Payment of Prospect Fee. Participant shall pay an aggregate prospect fee to PetroShare upon the execution of this Agreement equal to the sum of Seventy Five Thousand Dollars $187,500 [$7,500 per each percentage point of Participant’s Interest] ($75,000) ("Prospect Fee").

Appears in 3 contracts

Samples: Participation Agreement (PetroShare Corp.), Participation Agreement (PetroShare Corp.), Participation Agreement (PetroShare Corp.)

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Payment of Prospect Fee. Participant shall pay an aggregate prospect fee to PetroShare upon the execution of this Agreement equal to the sum of Seventy Five Thousand Dollars ($75,000) 187,500 ("Prospect Fee").

Appears in 1 contract

Samples: Participation Agreement (PetroShare Corp.)

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