Records Agent Fees. For the Records Agent services outlined above, the Company agrees to pay FIG a cash fee of $35,000. This fee is based on the requirements of the current banking regulations, the Plan, as currently contemplated, and the expectation that member data will be processed as of three key record dates. Any material changes in the regulations or the Plan, or delays requiring duplicate or replacement processing due to changes to record dates, may result in additional fees not to exceed $10,000. All Records Agent fees under this Agreement shall be payable as follows (a) $5,000 upon the execution of this Agreement, which shall be non-refundable and (b) the balance upon mailing subscription documents.
Appears in 4 contracts
Samples: Financial Advisory Agreement (Eureka Homestead Bancorp, Inc.), Financial Advisory Agreement (TEB Bancorp, Inc.), Financial Advisory Agreement (FFBW, Inc.)
