Common use of Listing Fee Clause in Contracts

Listing Fee. In the event the shares of the company are listed on a public exchange or the shares of the company are acquired by a publicly traded entity and the listing share price for each share exceeds $9.20 plus a 6% to 10% cumulative non-compounded annual pre-tax return increase in the share price of such shares at the time of listing, the advisor will forthwith be paid a listing fee per the schedule below. Share Price Increase Exceeding $9.20 Per Share Percentage to Advisor ---------------------------------------------- --------------------- 6% or more but less than 8% 5% of Net Proceeds 8% or more but less than 10% 10% of Net Proceeds 10% or more 20% of Net Proceeds