Placement Agents Fees and Expenses. Holder understands that, upon any exercise of this Warrant, the Placement Agent (as defined in the Purchase Agreement) shall be entitled to receive a commission equal to 10% and a non-accountable expense allowance equal to 2% of the aggregate Exercise Price paid by Holder upon such exercise. The Company shall direct the Holder to make such commission and expense payment directly to the Placement Agent and the Holder shall comply with such direction.
Appears in 3 contracts
Sources: Warrant Agreement (Camp Nine, Inc.), Warrant Agreement (Camp Nine, Inc.), Unit Purchase Agreement (Cactus Ventures, Inc.)