Common use of Redemption Fee Clause in Contracts

Redemption Fee. Concurrently with any redemption of shares of Series C Preferred Stock effected by the Company during the Third Redemption Period, the Company shall pay an additional fee to the holders thereof equal to five percent (5%) of the Redemption Price paid per share. Such fee may be paid, at the option of the Company, in either cash or shares of the Company’s Common Stock to be valued per share at the average of the seven (7) previous daily closing prices for the Company’s Common Stock as reported by OTC Markets.

Redemption Fee. Concurrently with any redemption of shares of Series C Preferred Stock effected by the Company during the Third First Redemption Period, the Company shall pay an additional fee to the holders thereof equal to five percent (5%) of the Redemption Price paid per share. Such fee may be paid, at the option of the Company, in either cash or shares of the Company’s Common Stock to be valued per share at the average of the seven (7) previous daily closing prices for the Company’s Common Stock as reported by OTC Markets.

Redemption Fee. Concurrently with any redemption of shares of Series C Preferred Stock effected by the Company during the Third Second Redemption Period, the Company shall pay an additional fee to the holders thereof equal to five ten percent (510%) of the Redemption Price paid per share. Such fee may be paid, at the option of the Company, in either cash or shares of the Company’s Common Stock to be valued per share at the average of the seven (7) previous daily closing prices for the Company’s Common Stock as reported by OTC Markets.