Common use of Expenses of the Representative Clause in Contracts

Expenses of the Representative. The Company further agrees that, in addition to the expenses payable pursuant to Section 4.6(a), on the Closing Date, the Company will reimburse the Representative for its out-of-pocket expenses related to the Offering up to an aggregate of $75,000 by deduction from the proceeds of the Offering contemplated herein. For purposes of clarity, the expense reimbursement set forth in this Section 4.6(b) shall not be applicable to any expenses of the Underwriters other than the Representative and the Company agrees it will not reimburse any Underwriter for expenses other than the Representative.

Expenses of the Representative. The Company further agrees that, in addition to the expenses payable pursuant to Section 4.6(a4.5(a), on the Closing Date, the Company will reimburse the Representative for its actual and accountable out-of-pocket expenses related to the Offering up to an aggregate of $75,000 100,000 by deduction from the proceeds of the Offering contemplated herein. For purposes of clarity, the expense reimbursement set forth in this Section 4.6(b4.5(b) shall not be applicable to any expenses of the Underwriters other than the Representative and the Company agrees it will not reimburse any Underwriter for expenses other than the Representative.