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Series
A warrants that give the warrant holder the right to acquire 1,000,000
shares of our common stock at $1.00 per share until September 1,
2008,
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Series
B warrants that give the warrant holder the right to acquire 1,000,000
shares of our common stock at a price of $2.00 per share from the
date
that they vest (which is the date upon which the G.M. Capital Partners,
Ltd. exercises the last of the Series A warrants) until December
31,
2009,
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Series
C warrants that give the warrant holder the right to acquire 750,000
shares of our common stock at a price of $2.50 per share from the
date
that they vest (which is the date upon which the G.M. Capital Partners,
Ltd. exercises the last of the Series B warrants) until December
31, 2009,
and
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Series
D warrants that give the warrant holder the right to acquire 750,000
shares of our common stock at a price of $3.00 per share from the
date
that they vest (which is the date upon which the G.M. Capital Partners,
Ltd. exercises the last of the Series C warrants) until December
31, 2009.
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for
acquisition consulting services, a percentage of the value of any
merger,
acquisition, joint partnership or similar transaction resulting from
such
services in the amount of 5% of the first $1,000,000 of the transaction,
4% for the second $1,000,000 of the transaction, 3% of the third
$1,000,000 of the transaction, 2% of the fourth $1,000,000 of the
transaction and 1% of all value in excess of $5,000,000,
and
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for
assistance in securing debt or equity financing, a cash ‘success fee’
equal to 10% of the gross proceeds of any financing resulting from
such
assistance.
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10.1
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G.M.
Capital Partners Ltd. Consulting Agreement, dated September 1,
2007
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