Common use of Placement Agent’s Fee Clause in Contracts

Placement Agent’s Fee. As compensation for services rendered, the Company shall pay to the Placement Agent in cash by wire transfer in immediately available funds to an account or accounts designated by the Placement Agent an amount (the “Placement Fee”) equal to eight percent (8.0%) of the aggregate gross proceeds received by the Company from the sale of the Securities, at the closing (the “Closing” and the date on which the Closing occurs, the “Closing Date”); and the Company shall issue to the Placement Agent or its designees at the Closing a five-year unit purchase option to purchase such number of Units (as defined in Section 3) equal to 8.0% of the Units sold in this Offering at an exercise price of $1.75 per unit (125% of the price per Unit), which unit purchase option shall be exercisable at any time, during the period commencing 180 days from the commencement of sales in the Offering (the “Placement Agent Unit Purchase Option” and together with the shares of Common Stock, Warrants (and Common Stock underlying such Warrants) underlying the Placement Agent Unit Purchase Option, the “Placement Agent Securities”). The Placement Agent may deduct from the net proceeds of the Offering payable to the Company on the Closing Date the Placement Fee set forth herein to be paid by the Company to the Placement Agent.

Placement Agent’s Fee. As compensation for services rendered, the Company shall pay to the Placement Agent in cash by wire transfer in immediately available funds to an account or accounts designated by the Placement Agent an amount (the “Placement Fee”) equal to eight percent (8.0%) of the aggregate gross proceeds received by the Company from the sale of the Securities, at the closing (the “Closing” and the date on which the Closing occurs, the “Closing Date”); and the Company shall issue to the Placement Agent or its designees at the Closing a five-year unit purchase option to purchase such number of Units (as defined in Section 3) equal to 8.05.0% of the Units sold in this Offering at an exercise price of $1.75 [●] per unit (125% of the price per Unit), which unit purchase option shall be exercisable at any time, during the period commencing 180 days from the commencement effective date of sales in the Offering Registration Statement (the “Effective Date”) (the “Placement Agent Unit Purchase Option” and together with the shares of Common Stock, Stock and Warrants (and Common Stock underlying such Warrants) underlying the Placement Agent Unit Purchase Option, the “Placement Agent Securities”). The Placement Agent may deduct from the net proceeds of the Offering payable to the Company on the Closing Date the Placement Fee set forth herein to be paid by the Company to the Placement Agent.

Placement Agent’s Fee. As compensation for services rendered, the Company shall pay to the Placement Agent in cash by wire transfer in immediately available funds to an account or accounts designated by the Placement Agent an amount (the “Placement Fee”) equal to eight percent (8.0%) of the aggregate gross proceeds received by the Company from the sale of the Securities, at the closing (the “Closing” and the date on which the Closing occurs, the “Closing Date”); and the Company shall issue to the Placement Agent or its designees at the Closing a five-year unit purchase option to purchase such number of Units (as defined in Section 3) equal to 8.0% of the Units sold in this Offering at an exercise price of $1.75 1.25 per unit (125% of the price per Unit), which unit purchase option shall be exercisable at any time, during the period commencing 180 days six months from the commencement date of sales in the Offering (the “Placement Agent Unit Purchase Option” and together with the shares of Common Stock, Warrants (and Common Stock underlying such Warrants) underlying the Placement Agent Unit Purchase Option, the “Placement Agent Securities”). The Placement Agent may deduct from the net proceeds of the Offering payable to the Company on the Closing Date the Placement Fee set forth herein to be paid by the Company to the Placement Agent.

Placement Agent’s Fee. As compensation for services rendered, the Company shall pay to the Placement Agent in cash by wire transfer in immediately available funds to an account or accounts designated by the Placement Agent an amount (the “"Placement Fee”") equal to eight percent (8.0%) of the aggregate gross proceeds received by the Company from the sale of the Securities, at the closing (the “"Closing” " and the date on which the Closing occurs, the “"Closing Date”"); and the Company shall issue to the Placement Agent or its designees at the Closing a fivethree-year unit purchase option to purchase such number of Units (as defined in Section 3) equal to 8.05.0% of the Units sold in this Offering at an exercise price of $1.75 1.30 per unit (125% of the price per Unit), which unit purchase option shall be exercisable at any time, during the period commencing 180 days from the commencement effective date of sales in the Offering Registration Statement (the “"Effective Date") (the "Placement Agent Unit Purchase Option” " and together with the shares of Common Stock, Stock and Warrants (and Common Stock underlying such Warrants) underlying the Placement Agent Unit Purchase Option, the “"Placement Agent Securities”"). The Placement Agent may deduct from the net proceeds of the Offering payable to the Company on the Closing Date the Placement Fee set forth herein to be paid by the Company to the Placement Agent.

Placement Agent’s Fee. As compensation for services rendered, the Company shall pay to the Placement Agent in cash by wire transfer in immediately available funds to an account or accounts designated by the Placement Agent an amount (the “Placement Fee”) equal to eight percent (8.0%) of the aggregate gross proceeds received by the Company from the sale of the Securities, at the closing (the “Closing” and the date on which the Closing occurs, the “Closing Date”); and the Company shall issue to the Placement Agent or its designees at the Closing a five-year unit purchase option to purchase such number of Units (as defined in Section 3) equal to 8.05.0% of the Units sold in this Offering at an exercise price of $1.75 1.00 per unit (125% of the price per UnitUnit sold to Purchaser in the Offering), which unit purchase option shall be exercisable at any time, time during the period commencing 180 days from the commencement of sales in the Offering (the “Effective Date”) (the “Placement Agent Unit Purchase Option” and together with the shares of Common Stock, Stock and Warrants (and Common Stock underlying such Warrants) underlying the Placement Agent Unit Purchase Option, the “Placement Agent Securities”). The Placement Agent may deduct from the net proceeds of the Offering payable to the Company on the Closing Date the Placement Fee set forth herein to be paid by the Company to the Placement Agent.

Placement Agent’s Fee. As compensation for services rendered, the Company shall pay to the Placement Agent in cash by wire transfer in immediately available funds to an account or accounts designated by the Placement Agent an amount (the “Placement Fee”) equal to eight percent (8.0%) of the aggregate gross proceeds received by the Company from the sale of the Securities, at the closing (the “Closing” and the date on which the Closing occurs, the “Closing Date”); and the Company shall issue to the Placement Agent or its designees at the Closing a five-year unit purchase option to purchase such number of Units (as defined in Section 3) equal to 8.05.0% of the Units sold in this Offering at an exercise price of $1.75 1.25 per unit (125% of the price per Unit), which unit purchase option shall be exercisable at any time, during the period commencing 180 days from the commencement effective date of sales in the Offering Registration Statement (the “Effective Date”) (the “Placement Agent Unit Purchase Option” and together with the shares of Common Stock, Stock and Warrants (and Common Stock underlying such Warrants) underlying the Placement Agent Unit Purchase Option, the “Placement Agent Securities”). The Placement Agent may deduct from the net proceeds of the Offering payable to the Company on the Closing Date the Placement Fee set forth herein to be paid by the Company to the Placement Agent.

Placement Agent’s Fee. As compensation for services rendered, the Company shall pay to the Placement Agent in cash by wire transfer in immediately available funds to an account or accounts designated by the Placement Agent an amount (the “Placement Fee”) equal to eight percent (8.0%) of the aggregate gross proceeds received by the Company from the sale of the Securities, at the closing (the “Closing” and the date on which the Closing occurs, the “Closing Date”); and the Company shall issue to the Placement Agent or its designees at the Closing a five-year unit purchase option to purchase such number of Units (as defined in Section 3) equal to 8.05.0% of the Units sold in this Offering at an exercise price of $1.75 1.125 per unit (125% of the price per UnitUnit sold to Purchaser in the Offering), which unit purchase option shall be exercisable at any time, time during the period commencing 180 days from the commencement of sales in the Offering (the “Effective Date”) (the “Placement Agent Unit Purchase Option” and together with the shares of Common Stock, Stock and Warrants (and Common Stock underlying such Warrants) underlying the Placement Agent Unit Purchase Option, the “Placement Agent Securities”). The Placement Agent may deduct from the net proceeds of the Offering payable to the Company on the Closing Date the Placement Fee set forth herein to be paid by the Company to the Placement Agent.