Common use of Warrant Exercise Compensation Clause in Contracts

Warrant Exercise Compensation. The Company has agreed to pay to certain parties identified on Schedule 8 to the Subscription Agreement Warrant Exercise Compensation 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 not later than the tenth (10th) business days 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.

Warrant Exercise Compensation. The Company has agreed to pay to certain parties the Broker identified on Schedule 8 to the Subscription Agreement (“Broker”) Warrant Exercise Compensation as described in the Subscription Agreement equal to ten five percent (105%) 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 Broker not later than the tenth fifth (10th5th) business days 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.

Warrant Exercise Compensation. The Company has agreed to pay to certain parties the Broker identified on Schedule 8 to the Subscription Agreement (“Broker”) 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 Broker not later than the tenth fifth (10th5th) business days 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 BROKER’S WARRANT.]

Warrant Exercise Compensation. The Company has agreed to pay to certain parties the entity identified on Schedule 8 to the Subscription Agreement (“Broker”) Warrant Exercise Compensation as described in the Subscription Agreement equal to ten five percent (105%) 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 Broker not later than the tenth fifth (10th5th) business days 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.

Warrant Exercise Compensation. The Company has agreed to pay to certain parties the Broker identified on Schedule 8 to the Subscription Agreement ("Broker") Warrant Exercise Compensation as described in the Subscription Agreement equal to ten five percent (105%) 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 Broker not later than the tenth fifth (10th5th) business days 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.

Warrant Exercise Compensation. The Company has agreed to pay to certain parties the Broker identified on Schedule 8 7 to the Subscription Unit Purchase Agreement ("Broker") Warrant Exercise Compensation as described in the Unit Purchase 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 Broker not later than the tenth fifth (10th5th) business days 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.