A fixed fee,paid at closing

Retainer of USD 30,000 at LOI, credited against the success fee. The success fee is a fixed amount based on investment size, payable only at closing.

Success fee in USD by investment size in USD. The lowest band is the minimum fee.

150,000 Under3,000,000 250,000 3,000,000to10,000,000 500,000 10,000,000to30,000,000 800,000 30,000,000to50,000,000 1,200,000 50,000,000to100,000,000 From1,500,000 100,000,000and above

05 The first step

35 Tokyo Venture Capital The Investor’s Passage