IRREVOCABLE NON-CANCELABLE FEE AGREEMENT
With reference to the successful (and contingent to) funding of
___________________________________________________________________________
THE FOLLOWING IS TO DELINEATE THE AGREEMENT:
___________________________________________________________________________
agents for the borrower, agree to arrange funding for the above referenced project;
Approximately $________________, ______________________________________U.S dollars.
Upon the successfully arrangement of funding, (________________________________________)
agrees that all payable borrower's rep. fees shall be at ____% for all funding.
____________________________________________________________________________
also agree that no upfront fees will be in effect from any and all parties.
This fee shall be paid at the
closing of escrow and shall be in addition to and exclusive of any bank or financial institution loan fees
and/or any other funding fees.
These fees are to be remitted by borrower, attorney and/or title company
and will be remitted directly upon closing of escrow immediately upon borrowers receipt and acceptance
of the provided loan proceeds.
PARTICIPANTS TO THIS AGREEMENT:
Borrowers Rep: _____________________________________________ Date:___________
Borrowers Rep: _____________________________________________ Date:___________
Borrowers Rep: _____________________________________________ Date:___________
Signatory __________________________________________________ Date:___________Witness: ___________________________________________________ Date:___________
The parties hereto agree that a fax copy of this agreement is to be considered binding and enforceable.
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