Placement Agent Fees. On the initial Advance Date and all ---------------------- subsequent Advance Dates the Company shall pay the May Davis Group, Inc., as cash compens▇▇▇▇▇, an amount equal to Four and one half percent (4.5%) of the gross proceeds of the Advance. Upon initial Closing Forefront shall issue to the May Davis Group a warrant to purch▇▇▇ eight hundred and thirty three thousand three hundred and thirty three thousand shares (833,333) of the Company's Common Stock exercisable at an exercise price of 110% of the Closing Bid Price of Forefront's Common Stock on the day of Closing. Furthermore upon Closing the Company shall issue to the May Davis Group nine hundred and fifty ▇▇▇▇ thousand and forty seven and one half (955,047.5) restricted shares of the Company's Common.
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Sources: Equity Line of Credit Agreement (Forefront Inc), Equity Line of Credit Agreement (Forefront Inc)
Placement Agent Fees. On the initial Advance Date and all ---------------------- subsequent Advance Dates the Company shall pay the May Davis Group, Inc., as cash compens▇▇▇▇▇, an amount equal to Four and one half percent (4.5%) of the gross proceeds of the Advance. Upon initial Closing Forefront the Company shall issue to the May Davis Group a warrant to purch▇▇▇ eight hundred and thirty three thousand three hundred and thirty three thousand shares (833,333) of the Company's Common Stock exercisable at an exercise price of 110% of the Closing Bid Price of Forefrontthe Company's Common Stock on the day of Closing. Furthermore upon Closing the Company shall issue to the May Davis Group nine hundred and fifty ▇▇▇▇ thousand and forty seven and one half (955,047.5) restricted shares of the Company's Common.
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