Commission to the Agent. 9.1 The Subscriber understands that upon Closing the Company may, in its sole discretion, approve the payment of a commission to an agent or agents, such commission to be calculated on the basis of a percentage of the gross proceeds of the Offering raised from Subscribers introduced to the Company by such agent(s).
Commission to the Agent. 12.1 The Subscriber understands that upon Closing, the Company will pay a commission of up to six percent (6%) of the gross proceeds raised from the Offering, payable in cash. In addition, upon Closing the Company will pay a commission of four percent (4%) of the gross proceeds raised from the Offering in the form of Warrants to the Agent, with the same terms and conditions as the Subscriber Warrants.
Commission to the Agent. 12.1 The Subscriber understands that upon Closing, the Agent will receive from the Company a commission of up to seven percent (7%) of the gross proceeds raised from the Offering, payable to the Agent in cash plus a cash bonus of US$25,000 if US$2,000,000 of Units are sold by June 30, 2003. The Agent will also receive share purchase warrants which permit the acquisition of the Warrant Shares at the exercise price of US$3.38 per Warrant Share in such number as equals five percent (5%) of the gross proceeds from the Offering.
Commission to the Agent. 10.1 The Purchaser acknowledges that the Agent will receive from the Issuer a commission in an amount equivalent to 8% of the gross proceeds raised from the Private Placement in Canada provided, however, that the Agent shall receive a commission equivalent to 4% of the gross proceeds raised from the Private Placement in Canada from those persons identified on the President's List as provided by the Issuer and as defined in the Agency Agreement and a Fiscal Advisory Fee equal to 4% of the gross proceeds raised from the Private Placement in the United States. The Purchaser further acknowledges that the Agent will also receive Agent's Warrants (as defined in the Agency Agreement) which will be exercisable into Agent's Compensation Options (as defined in the Agency Agreement) and will entitle the Agent to purchase such number of Units of the Issuer as is equal to 10% of the Special Warrants sold under the Private Placement in the aggregate, inclusive of those Special Warrants sold in the United States, and is further entitled to reimbursement of its expenses in connection with the Private Placement.
Commission to the Agent. 7.1 The Subscriber understands that in connection with the issue and sale of the Units pursuant to the Offering, the Agent will receive from the Corporation on Closing, a corporate finance fee in the amount of up to $[●] and a cash payment equal to 7% of the gross proceeds of the Offering. The Corporation will also grant to the Agent non-assignable warrants (the “Broker Warrants”) equal to 3% of the number of Units sold pursuant to the Offering. Each Broker Warrant shall be exercisable by the Agent to acquire one share of the Corporation’s common stock at an exercise price of $4.50 per common share until 5:00 p.m. (Pacific Standard Time) on the date that is two years following the Closing Date. No other fee or commission is payable by the Corporation in connection with the completion of the Offering.
Commission to the Agent. The Subscriber understands that in connection with the issue and sale of the Units pursuant to the Offering, the Agent will receive from the Corporation on Closing a cash commission (the “Commission”) equal to 6.0% of the gross proceeds from the issuance of Units. Except as disclosed in the Agency Agreement, no other fee or commission is payable by the Corporation in connection with the completion of the Offering; however, the Corporation will pay certain fees and expenses of the Agent (including fees and expenses of counsel to the Agent) plus applicable taxes in connection with the Offering, as set out in the Agency Agreement.
Commission to the Agent. The Subscriber acknowledges and agrees that the gross proceeds derived from the sale of the Special Warrants less the Cash Commission (as defined below) shall be paid to the Company on the Closing. The Subscriber understands that upon completion of the Offering, the Agent will receive from the Company a cash commission (the "Cash Commission") equal to 8% of the Subscription Price of the Special Warrants to be sold under this offering to Subscribers. Agent's special warrants (the "Agent's Option") exercisable to acquire Agent's warrants to purchase that number of Shares equal to 10% of the Shares issuable upon the exercise of Special Warrants will be issued to the Agent or according to the Agent's direction. No other fee or commission is payable by the Company in connection with the sale of the Special Warrants. However, the Company will pay those fees and expenses in connection with the offering as are set out in the Agency Agreement. The Agent and its directors, officers, employees and affiliates may, from time to time, hold positions in securities of the Company. Both the Company and the Subscriber acknowledge that the Agent is acting as agent in this transaction and the Subscriber hereby acknowledges that all warranties, conditions, representations or stipulations, whether express or implied and whether arising hereunder or under prior agreement or statement or by statute or at common law are expressly those of the Company, other that those relating solely to the Agent. The Subscriber acknowledges that its decision to execute this Agreement and purchase the Special Warrants has not been based upon any information or representation concerning the Company provided to the Subscriber by the Company or the Agent other than those contained in this Agreement and such as are contained in documents publicly available in the Company's files at the offices of the British Columbia Securities Commission or The Toronto Stock Exchange (the "Disclosure Record"), and that the Subscriber is relying entirely upon this Agreement and the Disclosure Record. Any information given or statement made is given or made without liability or responsibility howsoever arising on the part of the Agent. No person in the employment of, or acting as agent of, the Agent has any authority to make or give any representation or warranty and the Company and the Subscriber hereby release the Agent from any claims that may arise in respect thereof.
Commission to the Agent. The Subscriber understands that in connection with the issue and sale of the Units pursuant to the Offering, the Agent will receive from the Corporation, a cash commission equal to 7% of the Aggregate Subscription Price of all of the Units sold, payable at Closing. The Corporation will also grant to the Agent on the Closing Date warrants (the "Compensation Options") equal to 8% of the number of Units sold pursuant to the Offering. Each Compensation Option shall be exercisable by the Agent to acquire one Common Share of the Corporation at a price of US$0.70 per Common Share until 5:00 p.m. (Toronto time) on the date that is 24 months following the Closing. No other fee or commission is payable by the Corporation in connection with the completion of the Offering.
Commission to the Agent. The Subscriber understands that, in connection with the issue and sale of the Subscription Receipts pursuant to the Offering, the Agent will receive from the Corporation on Closing, a cash commission equal to 7.0% of the aggregate Subscription Amount. The Corporation will also issue to the Agent compensation options (the “Compensation Option”) exercisable, without payment of additional consideration, to acquire broker warrants (the “Broker Warrants”) equal, in the aggregate, to 6.0% of the number of Subscription Receipts sold pursuant to the Offering. Each Broker Warrant will be exercisable to purchase one Unit at a price of $4.50 until 5:00 p.m. (Toronto time) on the date that is 18 months following the Closing Date. No other fee or commission is payable by the Corporation in connection with the completion of the Offering; however, the Corporation will pay certain fees and expenses of the Agent in connection with the Offering, as set out in the Agency Agreement.
Commission to the Agent. 4.1 The Subscriber understands that upon Closing, the Company will not pay a commission to anyone regarding the gross proceeds raised from the Offering.
