Common use of Offering Fee Clause in Contracts

Offering Fee. The “Offering Fee” shall be equal to 7% of the total dollar amount of equity capital raised in the Offering. The Offering Fee shall be paid to Managing Broker-Dealer contemporaneously with each closing of the sale of Securities pursuant to the Offering. The Offering Fee above will also be due and payable to Managing Broker-Dealer, per the above fee percentages, on any amounts raised, funded or committed by Client, its affiliates, or any of their respective personnel, owners, board members, Advisers or other associated parties.