Common use of Warrant Exercise Compensation Clause in Contracts

Warrant Exercise Compensation. The Company has agreed to pay to certain Finders identified in the Subscription Agreement Warrant Exercise Compensation as described in the Subscription Agreement equal to six percent (6%) 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 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.

Warrant Exercise Compensation. The Company has agreed to pay to certain Finders the Finder identified in on Schedule 8 to the Subscription Agreement ("Finder") Warrant Exercise Compensation as described in the Subscription Agreement equal to six ten percent (610%) 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 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.

Warrant Exercise Compensation. The Company has agreed to pay to certain the Finders identified in the Subscription Agreement Warrant Exercise Compensation as described in the Subscription Agreement Agreement, in the aggregate, equal to six ten percent (610%) 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 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.