Common use of Monitoring Fee Clause in Contracts

Monitoring Fee. The Company shall pay Yorkville, upon the receipt of notice therefore, a monthly monitoring fee (“Monitoring Fee”) for its continuing due diligence, structuring, monitoring and managing of the SEDA commitment for the Investor pursuant to Yorkville’s existing advisory obligations to the Investor. The Monitoring Fee shall be charged as follows: (a) $1,000 shall be due on the first business day of the first month following the effective date of the Registration Statement, and (b) $1,000 each month during the Commitment Period beginning on the month following the month of the payment in clause (a) is due until termination in accordance with Section 10.02.

Monitoring Fee. The Company shall pay Yorkville, upon the receipt of notice an invoice therefore, a monthly monitoring fee (“Monitoring Fee”) for its continuing due diligence, structuring, monitoring and managing of the SEDA commitment for the Investor pursuant to Yorkville’s existing advisory obligations to the Investor. The Monitoring Fee shall be charged as follows: (a) $1,000 10,000 shall be due on the first business day of the first month following the effective date of the Registration Statement, and (b) $1,000 2,000 each month during the Commitment Period beginning on the month following the month of the payment in clause (a) is due until either termination in accordance with Section 10.0210.2.