Common use of Commitment Fee Shares Clause in Contracts

Commitment Fee Shares. (i) As a condition to the Commitment Closing, on the Effective Date the Company shall issue to Investor, as an estimate of the maximum number of Commitment Fee Shares to which Investor may become entitled under this Agreement, 10,000,000 Commitment Fee Shares. The Commitment Fee Shares shall be evidenced by a stock certificate titled in the name of Investor or its designee. The stock certificate shall bear a legend substantially in the form set forth in Section 5.1(b) hereof and, at the Company’s option, an additional legend indicating that such shares are subject to the contractual restrictions set forth in this Agreement.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Yasheng Eco-Trade Corp)

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Commitment Fee Shares. (i) As a condition to the Commitment Closing, on or prior to the Effective Date the Company shall issue to Investor, as an estimate of the maximum number of Commitment Fee Shares to which Investor may be or become entitled under this Agreement, 10,000,000 Commitment Fee Shares. The Commitment Fee Shares shall be evidenced by a stock certificate delivered to Investor and titled in the name of Investor or its designee. The stock certificate shall bear a legend substantially in the form set forth in Section 5.1(b) hereof and, at the Company’s option, an additional legend indicating that such shares are subject to the contractual restrictions set forth in this Agreement.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Purespectrum, Inc.)

Commitment Fee Shares. (i) As a condition to the Commitment Closing, on or prior to the Effective Date the Company shall issue to InvestorInvestor or its designee, as an estimate of the maximum number of Commitment Fee Shares to which Investor may be or become entitled under this Agreement, 10,000,000 1,470,588 Commitment Fee Shares. The Commitment Fee Shares shall be evidenced by a stock certificate titled in the name of Investor or its designeedesignee and delivered to the Company’s legal counsel to hold in trust for Investor. The stock certificate shall bear a legend substantially in the form set forth in Section 5.1(b) hereof and, at the Company’s option, an additional legend indicating that such shares are subject to the contractual restrictions set forth in this Agreement.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Urban Barns Foods Inc.)

Commitment Fee Shares. (i) As a condition to the Commitment Closing, on or prior to the Effective Date the Company shall issue to Investor, as an estimate of the maximum number of Commitment Fee Shares to which Investor may become entitled under this Agreement, 10,000,000 19,121,282 Commitment Fee Shares. The Commitment Fee Shares shall be evidenced by a stock certificate certificate, titled in the name of Investor or its designee. The stock certificate shall bear , and bearing a legend substantially in the form set forth in Section 5.1(b) hereof and, at the Company’s option, and an additional legend indicating that such shares are subject to the contractual restrictions set forth in this Agreement.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (MedClean Technologies, Inc.)

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Commitment Fee Shares. (i) As a condition to the Commitment Closing, on or prior to the Effective Date the Company shall issue to InvestorInvestor or its designee, as an estimate of the maximum number of Commitment Fee Shares to which Investor may be or become entitled under this Agreement, 10,000,000 Commitment Fee Shares2,445,688 shares of Common Stock. The Commitment Fee Shares shall be evidenced by a stock certificate titled in the name of Investor or its designeedesignee and delivered to the Company’s legal counsel to hold in trust for Investor. The stock certificate shall bear a legend substantially in the form set forth in Section 5.1(b) hereof and, at the Company’s option, an additional legend indicating that such shares are subject to the contractual restrictions set forth in this Agreement.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Provision Holding, Inc.)

Commitment Fee Shares. (i) As a condition to the Commitment Closing, on or prior to the Effective Date the Company shall issue to Investor, as an estimate of the maximum number of Commitment Fee Shares to which Investor may become entitled under this Agreement, 10,000,000 19,121,282 Commitment Fee Shares. The Commitment Fee Shares shall be evidenced by a stock certificate certificate, titled in the name of Investor or its designee. The stock certificate shall bear , and bearing a legend substantially in the form set forth in Section 5.1(b) hereof and, at the Company’s option, an additional legend indicating that such shares are subject to the contractual restrictions set forth in this Agreement.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (MedClean Technologies, Inc.)

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