Common use of Warrant Exercise Compensation Clause in Contracts

Warrant Exercise Compensation. The Company has agreed to pay to the Finder identified on Schedule 8 to the Subscription Agreement (“Finder”) Warrant Exercise Compensation as described in the Subscription Agreement equal to ten percent (10%) of the cash proceeds payable to the Company upon exercise of the Warrant. The Warrant Exercise Compensation will be paid by the Company to the Finder not later than the fifth (5th) business day after the Company receives cash proceeds from the exercise of this Warrant. The Holder of the Warrant has no obligation or responsibility to pay Warrant Exercise Compensation. [THIS PARAGRAPH WILL BE RESERVED IN THE FINDER’S WARRANT.]

Appears in 4 contracts

Samples: Inrob Tech Ltd., Securac Corp, Sweet Success Enterprises, Inc

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Warrant Exercise Compensation. The Company has agreed to pay to the Finder identified on Schedule 8 to the Subscription Agreement (“Finder”) Warrant Exercise Compensation as described in the Subscription Agreement equal to ten percent (10%) of the cash proceeds payable to the Company upon exercise of the Warrant. The Warrant Exercise Compensation will be paid by the Company to the Finder not later than the fifth (5th) business day after the Company receives cash proceeds from the exercise of this Warrant. The Holder of the Warrant has no obligation or responsibility to pay Warrant Exercise Compensation. [THIS PARAGRAPH WILL BE RESERVED IN THE FINDER’S WARRANT.]

Appears in 3 contracts

Samples: Satellite Security Corp, Celtron International Inc, Satellite Security Corp

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Warrant Exercise Compensation. The Company has agreed to pay to the Finder identified on Schedule 8 to the Subscription Agreement (“Finder”) Warrant Exercise Compensation as described in the Subscription Agreement equal to ten percent (10%) of the cash proceeds payable to the Company upon exercise of the Warrant. The Warrant Exercise Compensation will be paid by the Company to the Finder not later than the fifth (5th) business day after the Company receives cash proceeds from the exercise of this Warrant. The Holder of the Warrant has no obligation or responsibility to pay Warrant Exercise Compensation. [THIS PARAGRAPH WILL BE RESERVED IN THE FINDER’S WARRANT.]

Appears in 2 contracts

Samples: China Biopharma, Inc., China Biopharma, Inc.

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