Common use of Subscriber’s Legal Fees Clause in Contracts

Subscriber’s Legal Fees. The Company shall pay to Subscribers’ counsel, Grushko & Mxxxxxx, P.C., a fee of 200,000 shares of restricted Common Stock (“Fee Shares”) as reimbursement for services rendered to the Subscribers in connection with this Agreement and the Offering. Subscribers’ counsel is hereby granted all of the registration rights and other rights granted to the Subscribers in Section 11, including but not limited to, indemnification rights and liquidated damages. For the purpose of calculating liquidated damages pursuant to this Agreement and not for tax purposes, each share issued to Subscribers’ counsel shall have an attributed value of $0.10.

Appears in 1 contract

Samples: Subscription Agreement (Clear Skies Solar, Inc)

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Subscriber’s Legal Fees. The Company shall pay to Subscribers’ counsel, Grushko & Mxxxxxx, P.C., a fee of 200,000 550,000 shares of restricted Common Stock (“Fee Shares”) as reimbursement for services rendered to the Subscribers in connection with this Agreement and the Offering. Subscribers’ counsel is hereby granted all of the registration rights and other rights granted to the Subscribers in Section 11, including but not limited to, indemnification rights and liquidated damages. For the purpose of calculating liquidated damages pursuant to this Agreement and not for tax purposes, each share issued to Subscribers’ counsel shall have an attributed value of $0.100.05.

Appears in 1 contract

Samples: Subscription Agreement (Clear Skies Solar, Inc)

Subscriber’s Legal Fees. The Company shall pay to Subscribers’ counsel, Grushko & MxxxxxxXxxxxxx, P.C., a fee of 200,000 80,000 shares of restricted Common Stock (“Fee Shares”) as reimbursement for services rendered to the Subscribers in connection with this Agreement and the Offering. Subscribers’ counsel is hereby granted all of the registration rights and other rights granted to the Subscribers in Section 11, including but not limited to, indemnification rights and liquidated damages. For the purpose of calculating liquidated damages pursuant to this Agreement and not for tax purposes, each share issued to Subscribers’ counsel shall have an attributed value of $0.10.

Appears in 1 contract

Samples: Subscription Agreement (Clear Skies Solar, Inc)

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Subscriber’s Legal Fees. The Company shall pay to Subscribers’ counsel, Grushko & Mxxxxxx, P.C., a fee of 200,000 150,000 shares of restricted Common Stock (“Fee Shares”) as reimbursement for services rendered to the Subscribers in connection with this Agreement and the Offering. Subscribers’ counsel is hereby granted all of the registration rights and other rights granted to the Subscribers in Section 11, including but not limited to, indemnification rights and liquidated damages. For the purpose of calculating liquidated damages pursuant to this Agreement and not for tax purposes, each share issued to Subscribers’ counsel shall have an attributed value of $0.10.

Appears in 1 contract

Samples: Subscription Agreement (Clear Skies Solar, Inc)

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