Common use of Payment of Transaction Fees Clause in Contracts

Payment of Transaction Fees. Notwithstanding the terms provided in Section 3(a), the Company and Agent agree that the Company shall pay to the Agent a Transaction Fee equal to two percent (2%) of the gross sales price of all the Shares sold pursuant to this Offering, unless otherwise agreed upon by the Company and Agent.

Appears in 2 contracts

Sources: Equity Distribution Agreement (Top Ships Inc.), Equity Distribution Agreement (Top Ships Inc.)