Due Diligence Fees. a. Reserved when issuer due diligence is performed by an intermediary broker dealer or third-party due diligence firm instead of DriveWealth, or b. Issuer shall pay DriveWealth fees (whether charged by DriveWealth or by a third party) related to conducting due diligence with respect to Issuer, any Offering in a specific Series of Issuer, or any principal or other person associated with Issuer that DriveWealth deems necessary or appropriate, which may be up to $5,000 in the aggregate but may be greater if additional efforts are necessary to conduct adequate due diligence. DriveWealth understands that Offerings by Issuer are prepared by a professional legal firm, largely standardized, covered under one Regulation A+ offering circular (as amended from time to time), and will endeavor to minimize related diligence fees accordingly. DriveWealth will provide an estimate of Due Diligence Fees upon receipt of diligence materials and consult with Issuer before deciding to incur additional costs in excess of the estimate and will only incur such fees with the agreement of Issuer. Due Diligence Fees are payable even if no Securities are issued.
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Samples: Custody Agreement (RSE Innovation, LLC), Custody Agreement (RSE Portfolio, LLC), Custody Agreement (RSE Collection, LLC)
Due Diligence Fees. a. Reserved when issuer due diligence is performed by an intermediary broker dealer or third-party due diligence firm instead of DriveWealth, or
b. Issuer shall pay DriveWealth fees (whether charged by DriveWealth or by a third party) related to conducting due diligence with respect to Issuer, any Offering in a specific Series of Issuer, or any principal or other person associated with Issuer that DriveWealth deems necessary or appropriate, which may be up to $5,000 in the aggregate but may be greater if additional efforts are necessary to conduct adequate due diligence. DriveWealth understands that Offerings by Issuer are prepared by a professional legal firm, largely standardized, covered under one Regulation A+ offering circular (as amended from time to time), and will endeavor to minimize related diligence fees accordingly. DriveWealth will provide an estimate of Due Diligence Fees upon receipt of diligence materials and consult with Issuer before deciding to incur additional costs in excess of the estimate and will only incur such fees with the agreement of Issuerboth Parties. Due Diligence Fees are payable even if no Securities are issued.
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