Selling Agent’s Fee Clause Samples
The Selling Agent’s Fee clause defines the compensation that the selling agent will receive for facilitating the sale of a property or asset. Typically, this fee is expressed as a percentage of the final sale price or as a fixed amount, and it outlines when and how the payment is to be made, such as at closing or upon fulfillment of certain conditions. By clearly specifying the agent’s remuneration, this clause ensures transparency and helps prevent disputes over payment, thereby aligning expectations between the parties involved.
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Selling Agent’s Fee. As compensation for services rendered, the Company shall pay to the Selling Agent in cash by wire transfer in immediately available funds to an account or accounts designated by the Selling Agent an amount equal to three percent (3.0%) of the aggregate gross proceeds received by the Company from the sale of the Securities, at the closing(s) (the “Closing” and the date on which each Closing occurs, the “Closing Date”). Notwithstanding the foregoing, in the event that the Selling Agent shall elect, in the exercise of its sole discretion, to offer and sell the Securities in the Offering to its clients or customers (the “Direct Sales”), then and in such event, the Selling Agent shall be entitled to receive a commission equal to seven percent (7%) of the aggregate gross proceeds received by the Company with respect only to such Direct Sales.
Selling Agent’s Fee. As compensation for services rendered, the Company shall pay to the Selling Agent in cash by wire transfer in immediately available funds to an account or accounts designated by the Selling Agent an amount equal to 5.5% of the aggregate gross proceeds received by the Company from the sale of the Securities, at the closing(s) (the “Closing” and the date on which each Closing occurs, the “Closing Date”); and the Company shall issue to the Selling Agent or its officers or partners at each Closing five-year warrants to purchase such number of Shares (as defined in Section 3) equal to 5.0% of the Shares sold in this Offering at an exercise price of $6.60 (110% of the price per Share), which warrants shall be exercisable at any time, during the period commencing six months from the effective date of the Offering (the “Selling Agent Warrant” and together with the shares of Common Stock underlying the Selling Agent Warrant, the “Selling Agent Securities”).
Selling Agent’s Fee. As compensation for services rendered, the Company shall pay to the Selling Agent, in cash, by wire transfer in immediately available funds, to an account or accounts designated by the Selling Agent an amount equal to either (i) three percent (3.0%) of the aggregate gross proceeds received by the Company from the Offering, at the closing(s) (each, a “Closing” and the date on which each Closing occurs, each a “Closing Date”), (ii) six percent (6.0%) of the aggregate gross proceeds received by the Company from the Offering at the Closing(s) from investors investing in the Offering through the Company’s platform hosted by Start Engine Primary, LLC, and, (iii) in the event that the Selling Agent shall elect, in the exercise of its sole discretion, to offer and sell the Securities in the Offering to its clients or customers (the “Direct Sales”), then and in such event, the Selling Agent shall be entitled to receive a commission equal to seven percent (7%) of the aggregate gross proceeds received by the Company in the Offering with respect only to such Direct Sales.