Form: Finders Fee Agreement
Description: This is an agreement where the company agrees to pay a fee to a
finder of investors who purchase stock in the company.
Form 7.9
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All Rights Reserved.
FINDERS FEE AGREEMENT
This is an agreement made by and between _________________, a
corporation ("Company") and ______________________ ("Finder").
1.
Stock. Company seeks a purchaser or purchasers of some of its capital
stock from qualified sophisticated investors. Finder represents to Company that he has
access to sophisticated investors and believes that he can introduce parties interested
in investing in the Company.
2.
Legal Compliance. In connection with introduction to investors, Finder
shall comply with all applicable laws and shall specifically, but not as a limitation
thereof, comply with the requirements set forth in Rule 506 of Regulation D under the
Securities Act of 1933, as amended. Finder represents and warrants that it has all
permits, licenses and registrations required to perform the services hereunder.
3.
Nonexclusive Right. For a period of 90 days after the date hereof, Finder
shall have the non-exclusive right to introduce prospective investors to the Company who
meet the definition of "accredited investors" under SEC Rule 506, and who are not already
known to the Company ("Qualified Investors"). Finder shall confirm to the Company that
the introduction has been made in writing within 10 days of the introduction.
4.
Acceptance of Investors. The decision to accept a Qualified Investor as a
shareholder in the Company is in the sole discretion of the Company.
5.
Fee. In the event that a Qualified Investor is accepted by the Company,
and the Qualified Investor closes the purchase of Company stock within six (6) months of the date
hereof, then the Company shall pay Finder a finder's fee equal to ___% of the dollar amount of
securities purchased by the Qualified Investors. The fee shall be paid within 30 days after the
closing of the sale of stock to the Qualified Investor. Finder shall notify Qualified Investors that he
will receive a finder's fee in the event of the sale of stock to Qualified Investors.
6.
Miscellaneous. This letter shall be governed by the substantive laws of
the State of _____________ without regard to conflict of law principles. This letter constitutes the
entire understanding and agreement between the parties hereto and their affiliates with respect to
its subject matter and supersedes all prior or contemporaneous agreements, representations,
warranties and understandings of such parties (whether oral or written). No promise, inducement,
representation or agreement, other than as expressly set forth herein, has been made to or by the
parties hereto. This letter may be amended only by written agreement,
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Form 7.9
Copyright LegalDocs Online,
Inc. All Rights Reserved.
signed by the parties to be bound by the amendment. Evidence shall be inadmissible
to show agreement by and between such parties to any term or condition contrary to
or in addition to the terms and conditions contained in this letter. This letter shall be
construed according to its fair meaning and not strictly for or against either party.
Date: ____________________
Company: ___________________
By:
___________________
Finder: ____________________
Signature
_____________________
Printed Name
Title: ___________________
Address:
___________________ Address: _____________________
___________________
_____________________
___________________
_____________________
Form 7.9
Copyright LegalDocs Online, Inc.
All Rights Reserved.
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