Common use of Warrant Solicitation Fees Clause in Contracts

Warrant Solicitation Fees. The Company hereby engages Sunrise, on a non-exclusive basis, as its agent for the solicitation of the exercise of the Warrants. The Company will (i) assist Sunrise with respect to such solicitation, if requested by Sunrise, and (ii) at Sunrise's request, provide Sunrise, and direct the Company's transfer and warrant agent to provide to Sunrise, at the Company's cost, lists of the record and, to the extent known, beneficial owners of, the Warrants. Commencing one year from the Effective Date, the Company will pay Sunrise 5% of the cash proceeds received upon exercise of the Warrants, and 5% of the value of the common stock received by the holder upon a cashless exercise of the Warrants, payable on the date of such exercise, on the terms provided for in the Warrant Agreement, only if permitted under the rules and regulations of the NASD and only to the extent that an investor who exercises his Warrants specifically designates, in writing, that Sunrise solicited his exercise. Sunrise may engage sub-agents in its solicitation efforts. The Company agrees to disclose the arrangement to pay such solicitation fees to Sunrise in any prospectus used by the Company in connection with the registration of the shares of Common Stock underlying the Warrants.

Warrant Solicitation Fees. The Company hereby engages SunriseXxxx Capital, on a non-exclusive basis, as its agent for the solicitation of the exercise of the Warrants. The Company will will: (i) assist Sunrise Xxxx Capital with respect to such solicitation, if requested by SunriseXxxx Capital, and (ii) at Sunrise's Xxxx Capital’s request, provide SunriseXxxx Capital, and direct the Company's ’s transfer and warrant agent to provide to SunriseXxxx Capital, at the Company's ’s cost, lists of the record and, to the extent known, beneficial owners of, the Warrants. Commencing one year from the Effective Date, the Company will pay Sunrise Xxxx Capital a commission of five percent (5% %) of the cash proceeds received upon exercise of the Warrants, and 5% of the value of the common stock received by the holder upon a cashless exercise of the WarrantsWarrants for each Warrant exercised, payable on the date of such exercise, on the terms provided for in the Warrant Agreement, only if permitted under the rules and regulations of the NASD and only to the extent that an investor who exercises his Warrants specifically designates, in writing, that Sunrise Xxxx Capital solicited his exercise. Sunrise Xxxx Capital may engage sub-agents in its solicitation efforts. The Company agrees to disclose the arrangement to pay such solicitation fees to Sunrise Xxxx Capital in any prospectus used by the Company in connection with the registration of the shares of Common Stock underlying the Warrants.

Warrant Solicitation Fees. The Company hereby engages SunriseXxxx Capital, on a non-exclusive basis, as its agent for the solicitation of the exercise of the Warrants. The Company will will: (i) assist Sunrise Xxxx Capital with respect to such solicitation, if requested by Sunrise, Xxxx Capital; and (ii) at Sunrise's Xxxx Capital’s request, provide SunriseXxxx Capital, and direct the Company's ’s transfer and warrant agent to provide to SunriseXxxx Capital, at the Company's ’s cost, lists of the record and, to the extent known, beneficial owners of, the Warrants. Commencing one year from the Effective Date, the Company will pay Sunrise Xxxx Capital a commission of five percent (5% %) of the cash proceeds received upon exercise of the Warrants, and 5% of the value of the common stock received by the holder upon a cashless exercise of the WarrantsWarrants for each Warrant exercised, payable on the date of such exercise, on the terms provided for in the Warrant Agreement, only if permitted under the rules and regulations of the NASD and only to the extent that an investor who exercises his Warrants specifically designates, in writing, that Sunrise Xxxx Capital solicited his exercise. Sunrise Xxxx Capital may engage sub-agents in its solicitation efforts. The Company agrees to disclose the arrangement to pay such solicitation fees to Sunrise Xxxx Capital in any prospectus used by the Company in connection with the registration of the shares of Common Stock underlying the Warrants.