Fee Shares definition

Fee Shares shall have the meaning set forth in Section 9.10(i).

Fee Shares shall have the meaning ascribed to it in the Investment Agreement.

Fee Shares means a non-refundable fee of $375,000.00 payable to Investor in cash or shares of Common Stock valued at 85% of the VWAP for the 5 Trading Days immediately preceding the date the initial Registration Statement is declared effective, unless no Registration Statement has been declared effective within 6 months of the Commitment Closing, in which case, if paid in shares of Common Stock, such shares shall be valued at 85% of the VWAP for the 5 Trading Days immediately preceding the six month anniversary of the Commitment Closing.

Examples of Fee Shares in a sentence

The Buyer shall use its best efforts to sell the Commitment Fee Shares in the principal trading market of the Company’s Common Stock or otherwise, at any time in accordance with applicable securities laws.
The issuance of the Commitment Fee Shares is duly authorized and, upon issuance in accordance with the terms of this Agreement, will be validly issued, fully paid and non-assessable and free from all preemptive or similar rights, taxes, liens, charges and other encumbrances with respect to the issue thereof.
Nothing herein contained shall be interpreted to in any way limit the net proceeds from the sale of the Commitment Fee Shares which shall be generated by the Buyer.
The Commitment Fee Shares, when issued, shall be deemed to be validly issued, fully paid, and non-assessable shares of the Company’s Common Stock.
The Company shall, at or before 8:30 a.m., New York City time, on the first Trading Day after the Commitment Closing Date, issue a press release (the “Press Release”) reasonably acceptable to the Investor disclosing the execution of this Agreement and the Registration Rights Agreement by the Company and the Investor and the issuance of the Commitment Shares and the Fee Shares to the Investor, and briefly describing the transactions contemplated thereby.

Fee Shares means any shares of Common Stock issued by the Company to Investor in payment of the Commitment Fee.

Fee Shares means the issued ordinary share capital of the Company as enlarged by the Placing Shares, the Reef Shares, the Fee Shares and the Settlement Shares as further described in the Circular; and

Fee Shares means a non-refundable fee of $150,000.00 payable to Investor in cash or shares of Common Stock valued at 85% of the VWAP for the 5 Trading Days immediately preceding the first Tranche Closing, paid at the first Tranche Closing; or, if the first Tranche Closing has not occurred within 6 months from the Effective Date, valued at 85% of the VWAP for the 5 Trading Days immediately preceding the Effective Date. On the Effective Date, the Company will issue Fee Shares in such amount in the name of Investor and deliver certificates to Company’s counsel to be held by Company’s counsel in escrow for Investor until the earlier of the first Tranche Closing or 6 months following the Effective Date, at which time Company’s counsel shall deliver the certificates to Investor, unless the non-refundable fee is paid in cash prior to such time. If the VWAP is higher or lower on the first Tranche Closing date than the Effective Date, additional shares shall be issued by Company or returned to Company, respectively. Company and Investor waive any conflicts of interest arising from Company’s counsel acting in this limited escrow capacity.

Fee Shares shall have the meaning specified in Section 11. “Indemnities” shall have the meaning specified in Section 10.

Fee Shares has the meaning specified in the Recitals hereto.

Fee Shares shall have the meanin ascribed to it in the Investment Agreement.

Fee Shares has the meaning set forth in Section 3.1.