Common use of Administrative Expenses Clause in Contracts

Administrative Expenses. Issuer shall bear and pay all costs, fees and expenses relating to the preparation, printing, filing and dissemination of information relating to the Securities issued to Shareholders pursuant to each Offering and any amendments or supplements thereto, including any federal or state fees imposed on Issuer or on DriveWealth relating to the Offering, including but not limited to any costs, fees or expenses incurred by DriveWealth in connection with the filing of documents with regulatory authorities (such as costs for federal and state filings of the Offering under Regulation D (e.g., Form D) or Regulation A of the Securities Act (e.g., Form 1-A and FINRA Rule 5110)), and any fees or expenses relating to the issuance and/or delivery of the Securities (such as transfer agent fees, certificate fees, DTCC fees, NSCC fees). DriveWealth understands that Offerings by Issuer are largely standardized, covered under one offering circular, and will disclose any such administrative expenses to Issuer in advance of incurring them and endeavor to minimize such administrative fees accordingly.