Investor fees for raising seed capital

[Albert]

Investor fees for raising seed capital

Hi there - we're currently raising a seed round and received a term sheet, which looks good. However, there's a clause stating that there's a 10% investor fee + tax on the raise. i.e. if they invest £100k then the fee would be £10k + 20% = £12k total. Thus we'd receive £88k but dilute as if it's £100k,

Is this normal? Has anyone seen this before?

submitted by /u/mickeyj36
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