Common use of Consideration; Expenses Clause in Contracts

Consideration; Expenses. (a) In consideration of the services to be provided for hereunder, the Company shall pay to the Representative on behalf of the Underwriters of the following compensation with respect to the Shares: (i) a commission equal to six and half percent (6.5%) of the aggregate gross proceeds received by the Company from the sale of the Shares in the offering; (ii) an accountable expense allowance of up to US$240,000 of which US$80,000 has been advanced to the Representative as cash retainer fee (the “Cash Retainer”). The Company has also paid the Representative US$80,000 upon the first public filing of the Registration Statement, and the remaining US$80,000 shall be paid to the Representative once the Registration Statement is declared effective by the Commission; provided, that the Company shall pay the accountable expense allowance regardless of whether the transactions contemplated by this Agreement are consummated or this Agreement is terminated. Notwithstanding the foregoing, any Cash Retainer or advance received by the Representative will be returned to the Company to the extent not actually incurred in compliance with FINRA Rule 5110(g)(4); and (iii) a non-accountable expense allowance equal to one percent (1%) of the gross proceeds received by the Company from the sale of the Shares in the offering.

Consideration; Expenses. (a) In consideration of the services to be provided for hereunder, the Company shall pay to the Representative Representative, which, with respect to clause (i) is on behalf of the Underwriters of Underwriters) the following compensation with respect to the Shares: (i) a commission equal to (i) seven percent (7%) of the aggregate gross proceeds received by the Company from the sale of Shares in the offering, up to US$29,999,999.99, or (ii) six and a half percent (6.5%) of the aggregate gross proceeds if the aggregate gross proceeds exceed US$30,000,000.00; (ii) a non-accountable expense allowance to be paid to the Representative equal to one percent (1%) of the aggregate gross proceeds received by the Company from the sale of the Shares in the offering;; and (iiiii) an accountable expense allowance of up to US$240,000 300,000 of which up to US$80,000 has been advanced to the Representative as cash retainer fee (the “Cash Retainer”). The Company has also paid the Representative US$80,000 upon the first public filing of the Registration Statement, and the remaining US$80,000 300,000 shall be paid to the Representative once at the Registration Statement is declared effective by the CommissionClosing; provided, that the Company shall pay the accountable expense allowance regardless of whether the transactions contemplated by this Agreement are consummated or this Agreement is terminated. Notwithstanding the foregoing, any Cash Retainer or advance received by the Representative will be returned to the Company to the extent not actually incurred in compliance with FINRA Rule 5110(g)(45110(f)(2)(C); and (iii) a non-accountable expense allowance equal to one percent (1%) of the gross proceeds received by the Company from the sale of the Shares in the offering.

Consideration; Expenses. (a) In consideration of the services to be provided for hereunder, the Company shall pay to the Representative on behalf of the Underwriters of the following compensation with respect to the SharesShares that they are offering: (i) a commission equal to six seven and half percent (6.57.5%) of the aggregate gross proceeds received by the Company from the sale of the Shares in the offering; (ii) an accountable expense allowance of up to US$240,000 200,000 of which US$80,000 [80,000] has been advanced paid to the Representative as cash retainer fee (the “Cash Retainer”). The Company has also paid the Representative US$80,000 60,000 upon the first public filing of the Registration Statementdraft registration statement, and the remaining US$80,000 60,000 shall be paid to the Representative once the Registration Statement registration statement is declared effective by the Commission; provided, that the Company shall pay the accountable expense allowance regardless of whether the transactions contemplated by this Agreement are consummated or this Agreement is terminated. Notwithstanding the foregoing, any Cash Retainer or advance received by the Representative will be returned to the Company to the extent not actually incurred in compliance with FINRA Rule 5110(g)(4); and (iii) a non-accountable expense allowance equal to one percent (1%) of the gross proceeds received by the Company from the sale of the Shares in the offering.

Consideration; Expenses. (a) In consideration of the services to be provided for hereunder, the Company shall pay to the Representative Representatives on behalf of the Underwriters of the following compensation with respect to the SharesShares that they are offering: (i) a commission equal to six and a half percent (6.5%) of the aggregate gross proceeds received by the Company from the sale of the Shares in the offeringthis Offering; (ii) an accountable expense allowance of up to US$240,000 of which US$80,000 US$ 75,000 has been advanced to the Representative Representatives as cash retainer fee (the “Cash Retainer”), and US$ 75,000 has been paid to the Representative upon the initial submission of the draft registration statement. The Company has also paid the Representative US$80,000 upon the first public filing of the Registration Statement, and the remaining US$80,000 shall US$ 90,000 will be paid to the Representative once Representatives after the Registration Statement registration statement is declared effective by the Commission; provided, that the Company shall pay the accountable expense allowance regardless of whether the transactions contemplated by this Agreement are consummated or this Agreement is terminated. Notwithstanding the foregoing, any Cash Retainer or advance received by the Representative Representatives will be returned to the Company to the extent not actually incurred in compliance with FINRA Rule 5110(g)(4); and; (iii) a non-accountable expense allowance equal to of one percent (1%) of the aggregate gross proceeds received by the Company from the sale of the Shares in the offering.; and