Placement Agent’s Fee. The Company shall pay to Chardan a cash placement fee (the “Placement Agent’s Closing Fee”) equal to six percent (6%) of the aggregate purchase price paid by each purchaser (the “Purchaser” or “Purchasers”) of Securities (excluding any proceeds from the exercise of warrants) that are sold by the Company in the Offering. The Placement Agent’s Closing Fee shall be due and paid at the closing of the Offering (the “Closing”) from the gross proceeds of the Securities sold by the Company to the Purchasers (excluding any proceeds from the exercise of warrants).
Appears in 3 contracts
Samples: 22nd Century Group, Inc., 22nd Century Group, Inc., 22nd Century Group, Inc.
Placement Agent’s Fee. The Company shall pay to Chardan a cash placement fee (the “Placement Agent’s Closing Fee”) equal to six seven percent (67%) of the aggregate purchase price paid by each purchaser (the “Purchaser” or “Purchasers”) of Securities (excluding any proceeds from the exercise of warrants) that are sold by the Company in the Offering. The Placement Agent’s Closing Fee shall be due and paid at the closing of the Offering (the “Closing”) from the gross proceeds of the Securities sold by the Company to the Purchasers (excluding any proceeds from the exercise of warrants).
Appears in 1 contract
Samples: Check-Cap LTD
