Cash Fees. In consideration of the services to be provided for hereunder, the Company shall pay to the Placement Agent or its respective designees a total cash fee equal to eight percent (8.0%) of gross proceeds from the Placement of the total amount of Placement Agent Securities sold by the Placement Agent. In addition, the Company shall pay to the Placement Agent or its respective designees a total cash fee equal to three and one half percent (3.5%) of gross proceeds from the placement of any additional Securities sold in offering, including Securities sold to Pre-Existing Investors. In addition, the Company shall pay the Placement Agent an accountable expense allowance as set forth in Section 4 below. A.G.P. reserves the right to reduce any item of compensation or adjust the terms thereof as specified herein in the event that a determination shall be made by FINRA to the effect that the Placement Agent’s aggregate compensation is in excess of FINRA Rules or that the terms thereof require adjustment.
Cash Fees. During the Chairman Services Period, Executive shall receive an annual fee equal to Four Hundred Thousand ($400,000.00) Dollars payable to Executive as of the Retirement Date. Such fees shall be paid to Executive in four quarterly installments, in advance, in respect of the services to be performed as Chairman during the then current calendar quarter (with pro-ration for any partial period of service at the beginning and the end of the Chairman Services Period).
Cash Fees. If the Company elects to file additional patent applications with the help of the Consultant, the Company shall pay Consultant a cash fee for each patent application Consultant files on behalf of the Company. The standard rate is $7,500 per application, inclusive of the legal fees associated with such filings; however, that rate may vary based on the patent portfolio strategy the Company and Consultant jointly agree to pursue.
Cash Fees. In consideration of the services to be provided for hereunder, the Company shall pay to the Placement Agent or its respective designees a total cash fee equal to seven percent (7.0%) of gross proceeds from the Placement of the total amount of Placement Agent Securities sold by the Placement Agent. In addition, the Company shall pay the Placement Agent an accountable expense allowance as set forth in Section 4 below. A.G.P. reserves the right to reduce any item of compensation or adjust the terms thereof as specified herein in the event that a determination shall be made by FINRA to the effect that the Placement Agent’s aggregate compensation is in excess of FINRA Rules or that the terms thereof require adjustment.
Cash Fees. Mx. Xxxx shall receive a fee of $1,000.00 per month in cash. This fee shall accrue as debt to the Company until the Company has its first cash-flow positive month. At this point, the Company shall make arrangements to pay Mx. Xxxx the debt owed to him for these services. If a debt is still owed to Mx. Xxxx when the original Term is completed, or he has been removed or he has resigned, then the Debt owed to Mx. Xxxx shall be converted into common stock at the lower of price of $0.15 or the 20 day WVAP closing from the last date of Mx. Xxxx being on the board. The Company shall convert the Gxxx Debt and issue to Mx. Xxxx shares of common stock of the Company within 10 business days of the completion of the original Term, his removal or his resignation.
Cash Fees. Dr. Kurtis shall receive a fee of $1,000.00 per month in cash. This fee shall accrue as debt to the Company until the Company has its first cash-flow positive month. At this point, the Company shall make arrangements to pay Dr. Kurtis the debt owed to her for these services. If a debt is still owed to Dr. Kurtis when the original Term is completed, or she has been removed or she has resigned, then the Debt owed to Dr. Kurtis shall be converted into common stock at the lower of price of $0.15 or the 20-day WVAP closing from the last date of Dr. Kurtis being on the board. The Company shall convert the Kurtis Debt and issue to Dr. Kurtis shares of common stock of the Company within 10 business days of the completion of the original Term, his removal or his resignation.
Cash Fees. A Cash Placement Fee equal to five percent (5%) of the total amount of gross proceeds received for Bridge Securities. With respect to the Secondary Placement, APS Financial shall be paid a selling concession of eight percent (8%), a due diligence fee of four percent (4%) and an unaccountable expense reimbursement of three percent (3%), in each case based on the total gross proceeds from the Secondary Placement. Bridge Securities converted into the Secondary Placement will be treated as proceeds from the Secondary Placement for fee purposes.
Cash Fees. In consideration of your service as Chairman, the Company will pay you an annual cash fee equal to $100,000 (the “Annual Fee”), prorated for any partial year of service. The Annual Fee shall be payable in equal monthly instalments of $8,333.33 at the end of each calendar month. To the extent you no longer serve as Chairman, you shall no longer be entitled to the Annual Fee (other than a prorated payment until the date on which you stopped serving as Chairman).
Cash Fees. In consideration of the services to be provided for hereunder, the Company shall pay to the Placement Agent or its respective designees on the Closing Date a total cash fee equal to seven percent (7.0%) of gross proceeds from the Placement of the total amount of Units sold. In addition, the Company shall pay to the Placement Agent or its respective designees on the Closing Date a cash fee equal to one percent (1.0%) of gross proceeds from the Placement of the total amount of Units sold for non-accountable expenses. The Placement Agent reserves the right to reduce any item of compensation or adjust the terms thereof as specified herein in the event that a determination shall be made by FINRA to the effect that the Placement Agent’s aggregate compensation is in excess of FINRA Rules or that the terms thereof require adjustment.
Cash Fees. In consideration for consulting services and agreements hereunder, during the Consultation Period, the Company shall pay to Consultant consulting fees for the time expended rendering services under this agreement, at the rate of $5,000 per month for the first two years of this agreement, plus the warrants referred to hereinafter in Paragraph 4.2.1.
