Common use of Warrant Solicitation Fees Clause in Contracts

Warrant Solicitation Fees. The Company hereby engages Rodman, on a non-exclusive basis, as its agent for the solicitation of xxx xxercise of the Warrants. The Company will (i) assist Rodman with respect to such solicitation, if requested by Rodman, and (xx) xt Rodman's request, provide Rodman, and direct the Cxxxxxx's transfer anx xxxxxxt agent to provide xx Xxdman, at the Company's cost, lists of the record and, to the extent xxxxx, beneficial owners of, the Warrants. Commencing one year from the Effective Date, the Company will pay Rodman a commission of two and one-half percent of the exercise price xx xxx Warrants 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 Rodman solicited his exercise. Rodman may engage sub-agents in its solxxxxxxion efforts. The Company xxxxxx to disclose the arrangement to pay such solicitation fees to Rodman in any prospectus used by the Company in connection with the rexxxxxxtion of the shares of Common Stock underlying the Warrants.

Warrant Solicitation Fees. The Company hereby engages RodmanXxxxxx, on a non-exclusive basis, as its agent for the solicitation of xxx xxercise the exercise of the Warrants. The Company will (i) assist Rodman Xxxxxx with respect to such solicitation, if requested by RodmanXxxxxx, and (xxii) xt Rodman's at Xxxxxx'x request, provide RodmanXxxxxx, and direct the CxxxxxxCompany's transfer anx xxxxxxt and warrant agent to provide xx Xxdmanto Xxxxxx, at the Company's cost, lists of the record and, to the extent xxxxxknown, beneficial owners of, the Warrants. Commencing one year from the Effective Date, the Company will pay Rodman Xxxxxx a commission of two and one-half three percent of the exercise price xx xxx of the Warrants for each Warrant exercised, payable on exercised within three (3) business days of the date of such exercise, on the terms provided for in the Warrant Agreement, exercise price is paid: (i) only if permitted under the rules and regulations of the NASD NASD, (ii) the Warrants are exercised in a transaction solicited by Xxxxxx and only to the extent that an investor who exercises his Warrants specifically designates, in writing, that Rodman Xxxxxx solicited his exercise, (iii) the Warrants are not held in a discretionary account and (iv) Xxxxxx has provided to the holders of the Warrants solicited for exercise, a copy of the prospectus used by the Company in connection with the registration of the shares of Common Stock underlying such Warrants. Rodman Xxxxxx may engage sub-agents in its solxxxxxxion solicitation efforts. The Company xxxxxx agrees to disclose the arrangement to pay such solicitation fees to Rodman Xxxxxx in any prospectus used by the Company in connection with the rexxxxxxtion registration of the shares of Common Stock underlying the Warrants.