Common use of Monthly Retainer Clause in Contracts

Monthly Retainer. Upon completion of a financing not less than $350,000.00, the Company shall pay Spartan a monthly consulting fee of two thousand five hundred dollars ($2,500.00) per month during the term of this Agreement moving up to ($3000.00) per month upon funding of not less than $500,000.00, the first payment of which shall be due on the first day of the month immediately following the completion of a financing not less than $350,000.00.

Appears in 2 contracts

Sources: Financial Advisory and Investment Banking Agreement (Adzone Research Inc), Financial Advisory and Investment Banking Agreement (Adzone Research Inc)