Structuring Fees. Each of the parties shall pay its own fees and expenses (including the fees of any attorneys, accountants, appraisers or others engaged by such party) in connection with this Agreement and the transactions contemplated hereby, except that on first (1st) day the Company's Common Stock becomes listed on the Principal Market, the Company shall issue to Yorkville Advisors Management, LLC shares of the Company's Common Stock in an amount equal to Fifteen Thousand Dollars ($15,000) divided by Bid Price of the Company's Common Stock on the first (1st) Trading Day of the Common Stock once it is listed on a Principal Market. Subsequently on each advance date, the Company will pay Yorkville Advisors Management, LLC a structuring fee of Five Hundred Dollars ($500) directly out the proceeds of any Advances hereunder.
Appears in 3 contracts
Sources: Standby Equity Distribution Agreement (Deep Field Technologies, Inc.), Standby Equity Distribution Agreement (iVoice Technology, Inc.), Standby Equity Distribution Agreement (SpeechSwitch, Inc.)