Underwriters’ Compensation. (1) In consideration for the services of the Underwriters under this Agreement (including the ancillary services of acting as financial advisors to the Company in respect of the issue of the Securities and advising on the terms and conditions of the Offering), the Company will pay to the Underwriters, as applicable (the “Underwriting Fee”):
Underwriters’ Compensation. (a) In consideration for the performance of its obligations hereunder, the Corporation shall, subject to the provisions of this Agreement, pay to the Underwriters an aggregate fee (the “Underwriting Fee”) equal to 6% of the Gross Proceeds.
Underwriters’ Compensation. Except as described in the Registration Statement, the Preliminary Prospectus and the Prospectus, there are no arrangements, agreements or understandings of the Company or any Initial Stockholder that may affect the Underwriters’ compensation, and the Company has not made any direct or indirect payments (in cash, securities or otherwise) to: (i) any person, as a finder’s fee, consulting fee or otherwise, in consideration of such person raising capital for the Company or introducing to the Company persons who raised or provided capital to the Company; (ii) to any FINRA member; or (iii) to any person or entity that has any direct or indirect affiliation or association with any FINRA member, within the twelve months prior to the Effective Date.
Underwriters’ Compensation. (1) The Company shall be entitled to designate in writing a list of purchasers to be mutually agreed upon with the Underwriter (the “President’s List”) who may purchase Offered Shares under the Offering.
Underwriters’ Compensation. In consideration for the Underwriter’s services in connection with the issue and sale of the Units under the terms of this Agreement, the Corporation shall (i) pay to the Underwriter, at the Closing Time a fee (the “Underwriter’s Fee”) equal to 7% of the gross proceeds of the Offering (or $0.0315 per Unit) up to maximum gross proceeds of $5,499,999.90 and such amount shall be paid by way of set-off against the aggregate purchase price of the Units payable at Closing; and (ii) issue to the Underwriter and Sub-Dealers, if any, on written direction of the Underwriter, the Broker Warrants.
Underwriters’ Compensation. (a) The Company hereby appoints the Underwriter as its exclusive agent during the continuance of the authorization hereunder to sell and obtain purchasers for 800,000 Shares at a public offering price of $5.00 per Shares and at an aggregate public offering price of $4,000,000 on a "best efforts, minimum or maximum basis. Unless 200,000 Shares are sold and payment received by the Company therefore by March 31, 2002, no Shares will be sold, and in that event the Underwriter will not receive any of the commissions mentioned, but will be entitled to all accountable out-of-pocket expenses, not to exceed $5,000. Such exclusive agency shall be good and irrevocable unless and until terminated as herein and hereinafter set forth.
Underwriters’ Compensation. At the Closing Time and the Over-Allotment Closing Time, the Company shall pay to ATB, on behalf of the Underwriters, (i) a cash fee (the “Cash Commission”) equal to 6.0% of the aggregate gross proceeds received from the sale of the applicable Offered Securities (including for certainty on any exercise of the Over-Allotment Option); and (ii) non-transferable broker warrants (“Broker Warrants”) equal to 6.0% of the sum of Initial Units and Additional Units sold at the applicable time (collectively, with the Cash Commission, the “Underwriters’ Fee”) in consideration of the services to be rendered by the Underwriters in connection with the Offering. Each such Broker Warrant shall be exercisable for the acquisition, for a period of 36 months following the Closing Date, at an exercise price equal to the Purchase Price, of one Common Share (a “BW Share”) and one-half of one Common Share purchase warrant of the Company (each whole such Common Share purchase warrant, a “BW Warrant”), which may be exercised for a period of 36 months following the Closing Date at a price of $0.58 to purchase one Common Share (a “BW Warrant Share”). The Cash Commission will be netted out of the gross proceeds of the Offering. Notwithstanding the foregoing, the Company may provide to the Underwriters a list of eligible purchasers on a “President’s List” for the Offering for up to a maximum of $4,180,000 in gross proceeds (the “President’s List Purchasers”), in respect of which (i) the Underwriters’ Fee shall be reduced to 3.0% of the aggregate gross proceeds received from the sale of the applicable Offered Securities to the President’s List Purchasers, and (ii) the Broker Warrants shall be reduced to 3.0% of the sum of Initial Units sold at the applicable time to the President’s List Purchasers. For greater certainty, the above noted fees are inclusive of all applicable taxes.
Underwriters’ Compensation. (a) The Company hereby appoints the Underwriter as its exclusive agent for a period of ninety (90) days from the Effective Date (unless extended by mutual written consent for an additional ninety (90) days) to sell and to obtain purchasers for
Underwriters’ Compensation. The total amount of underwriters’ discounts and commissions in the Planned Offering (the “Underwriters’ Compensation”) shall not exceed 5.25% of the price paid by the public for securities sold in the Planned Offering. If the Underwriters’ Compensation exceeds 5.25%, unless the Investor has agreed in advance in writing to the increased Underwriters’ Compensation, the Company shall reimburse the Investor, at the closing of the Planned Offering, for the difference between the actual Underwriters’ Compensation to be paid by the Investor and what the Underwriters’ Compensation would have been if it were set at 5.25%, and the Company shall direct the Underwriters to pay the amount of such difference to the Investor from the Company’s portion of the proceeds of the Planned Offering. .
Underwriters’ Compensation. In consideration for their services hereunder, the Corporation agrees to pay to the Underwriters at the Closing Time, a fee of $40.00 per Offered Debenture (being an aggregate amount of $2,000,000) (the “Underwriters’ Fee”). For greater certainty, the services provided by the Underwriters in connection herewith will not be subject to the Goods and Services Tax and any taxable supplies provided will be incidental to the exempt financial services provided.
