This Engagement Agreement involves
Title: FIRST AMENDMENT TO ENGAGEMENT AGREEMENT
Industry: Software and Programming Sector: Technology
FIRST AMENDMENT TO
THIS FIRST AMENDMENT TO ENGAGEMENT AGREEMENT (this “Amendment”) is made and entered into effective as of December 20, 2010 by and among Northland Securities, Inc. (“Northland”) and Wireless Ronin Technologies, Inc. (the “Company”).
WHEREAS, the Company and Northland are parties to that certain Engagement Agreement, dated October 26, 2010, regarding an offering of equity securities of the Company (the “Offering”); and
WHEREAS, on November 19, 2010, the Company closed on the sale of 1,425,000 units at a price of $1.25 per unit, each consisting of one share of the Company’s common stock and one three-year warrant to purchase 0.20 shares of the Company’s common stock at an exercise price of $1.4375 per share, for which the Company has paid Northland the Financing Fee (as defined below) and related expenses; and
WHEREAS, the Company and Northland desire to amend the Engagement Agreement in response to comments received from the Financial Industry Regulatory Authority (“FINRA”).
NOW, THEREFORE, the parties hereto agree as follows:
1. Amendment of Engagement Agreement . Paragraph C.1 of the Engagement Agreement shall be amended in its entirety as follows:
“1. FINANCING FEE. The Company hereby agrees to pa