This Fee Agreement involves
Title: FINDER'S AGREEMENT
[vFinance Investments, Inc. logo]
FINDER'S AGREEMENT dated as of June 14, 2005 (this "Agreement") by and
between Combimatrix Corporation (the "Company") and vFinance Investments, Inc.
WHEREAS, the Finder has organized a series of meetings between the Company
and various Institutional Investors ("Targets") as described in Section 3 below
with the main objective of increasing the Company's visibility among investors
and identifying potential sources of financing for the Company. These meetings
are free of cost for the Company and the Company has the right to accept and/or
reject the meetings scheduled by the Finder.
NOW THEREFORE, for good and valuable consideration the parties hereto agree
1. In the event the Company receives financing of any form from the
Institutional Investors ("Targets") listed below, their subsidiaries,
partners, and/or related parties (individually or collectively, a
"Transaction"), for a period of 12 months from the date of this
Agreement, the Company shall pay the Finder a five percent (5%) fee on
any form of equity funding and/or one percent (1%) fee on any form of
debt funding with respect to a Transaction. The fee is calculated by
applying the above mentioned rate to the Aggregate Consideration (as
defined in Section 2 below) in a Transaction, and it is due within 30
days of each such Transaction.
2. Aggregate Consideration is defined and computed as the total proceeds
paid by the targets to the Company in connection with a Transaction.
3. Targets: Redacted
4. The Finder assumes no obligations, other than to identify said
Target(s) and organize meetings for the Company. The Finder d