15Closing Commitment Fee. The Company shall issue to the Purchaser two million two hundred and fifty thousand (2,250,000) shares of the Company's Common Stock (the "Commitment Fee Shares") as a closing commitment fee, which fee shall be fully earned on the Closing Date. Such shares shall be issued in the name of JIG on the Closing Date and the related share certificate shall be delivered to the Purchaser not later than five (5) days after the Closing Date. The Commitment Fee Shares shall be evidenced by an original share certificate duly executed, and validly issued and delivered by the Company to the Purchaser, representing 2,250,000 shares of Common Stock of the Company. Such share certificate shall contain any restrictive legend comparable to the legend in Section 6.13€(i), provided however, the Company shall promptly cause such legend to be removed at any time that there is an effective registration statement covering the resale of such shares. The Purchaser agrees that it shall return such share certificate to the Company for its prompt inclusion of a restrictive legend comparable to the legend in Section 6.31(e)(i) if the Company provides written notice to the Purchaser that the registration statement referenced in Section 7.14 has ceased to be effective under applicable SEC rules and regulations.
Appears in 2 contracts
Sources: Note Purchase Agreement, Note Purchase Agreement (Staffing 360 Solutions, Inc.)