Common use of Placement Agent Fees Clause in Contracts

Placement Agent Fees. The Investor understands that the Placement Agent will be paid a cash fee equal to the sum of (i) 9% of the gross cash proceeds received by the Company from the sale of the Closing Securities and (ii) 7% of the principal amount of the Convertible Notes surrendered to the Company as permitted in Section 1.2 of this Agreement.

Placement Agent Fees. The Investor understands that the Placement Agent will be paid a cash fee equal to the sum of (i) 9% of the gross cash proceeds received by the Company from the sale of the Closing Securities and (ii) 7% of the principal amount of the Convertible Notes surrendered to the Company as permitted in Section 1.2 of this AgreementSecurities.