EX-10.15
from S-1/A
3 pages
“In Consideration for the Investor’s Execution and Delivery of This Agreement, the Company Shall Issue to the Investor the Upfront Commitment Fee on the Commencement Date, by Transfer of the Commitment Shares to an Account Designated by the Investor, and Will Provide Investor, Not Later Than 4:00 P.M. New York City Time on the Trading Date on the Commencement Date, One or More Book-Entry Statement(s) Representing the Commitment Shares in the Name of the Investor or Its Designee. Further, the Company Agrees to Pay to the Investor an Amount Equal to $250,000.00 in Immediately Available Funds (“Cash Commitment Fee”), Which Shall Be Deemed to Be Fully Earned Upon the Commencement Date and Shall Be Paid in Full No Later Than the 120th Day Following the Commencement Date. for the Avoidance of Doubt, the Obligations Pursuant to This Section 10.1(ii) Shall Survive Termination of the Purchase Agreement.”
12/34/56