Common use of Expenses of the Representative Clause in Contracts

Expenses of the Representative. The Company further agrees that, in addition to the fees and expenses payable pursuant to Section 4.5(a), on the Closing Date it will (i) reimburse the Representative for its reasonable and accountable out-of-pocket expenses incurred by the Representative related to the Offering in an amount up to $125,000 in the aggregate, and (ii) pay the non-accountable expenses of the Representative in cash in an amount equal to 2.0% of the gross proceeds raised in the Offering, each of which shall be paid by deduction from the gross proceeds of the Offering contemplated herein.

Expenses of the Representative. The Company further agrees that, in addition to the fees and expenses payable pursuant to Section 4.5(a), on the Closing Date it will (i) reimburse the Representative for its reasonable and accountable out-of-pocket expenses incurred by the Representative related to the Offering in an amount up to $125,000 105,000 in the aggregate, and (ii) pay the non-accountable expenses of the Representative a management fee in cash in an amount equal to 2.0% of the gross proceeds raised in the Offering, each of which shall be paid by deduction from the gross proceeds of the Offering contemplated herein.

Expenses of the Representative. The Company further agrees that, in addition to the fees and expenses payable pursuant to Section 4.5(a), on the Closing Date it will (i) reimburse the Representative for its reasonable and accountable out-of-pocket expenses incurred by the Representative related to the Offering in an amount up to $125,000 85,000 in the aggregate, and (ii) pay the non-accountable expenses of the Representative a management fee in cash in an amount equal to 2.01.0% of the gross proceeds raised in the Offering, each of which shall be paid by deduction from the gross proceeds of the Offering contemplated herein.