Common use of Fee Structure and Payment Schedule Clause in Contracts

Fee Structure and Payment Schedule. The Company agrees to pay RP Financial fees for preparation and delivery of the original appraisal report and subsequent appraisal updates as shown in the detail below, plus reimbursable expenses. Payment of these fees shall be made according to the following schedule: • $10,000 upon execution of this letter of agreement engaging RP Financial’s appraisal services; • $90,000 upon delivery of the completed original appraisal report; and • $10,000 upon delivery of each subsequent appraisal update report required in conjunction with the regulatory application and stock offering. It is anticipated that there will be at least one appraisal update report, specifically the update to be prepared in conjunction with the completion of the stock offering. The Company will reimburse RP Financial for reasonable out-of-pocket expenses incurred in preparation of the original appraisal and subsequent updates. Such out-of-pocket expenses will likely include travel, printing, telephone, facsimile, shipping, reasonable counsel fees, computer and data services, and will not exceed $10,000 in the aggregate, without the Company’s authorization to exceed this level.

Fee Structure and Payment Schedule. The Company Bank agrees to pay RP Financial the following fees for preparation and delivery of the original appraisal report and subsequent appraisal updates as shown in the detail belowupdates, plus reimbursable expenses. Payment of these fees shall be made according to the following schedule: • · $10,000 15,000 upon execution of this letter of agreement engaging RP Financial’s appraisal services; • · $90,000 50,000 upon delivery of the completed original appraisal report; and • · $10,000 upon delivery of each subsequent appraisal update report required in conjunction with the regulatory application and stock offering. It is anticipated that there will be at least one appraisal update report, specifically the update to be prepared in conjunction with the completion of the stock offering. The Company Bank will reimburse RP Financial for reasonable out-of-pocket expenses incurred in preparation of the original appraisal and subsequent updates. Such out-of-pocket expenses will likely include travel, printing, telephone, facsimilecommunications, shipping, reasonable counsel fees, computer and data services, and will not exceed $10,000 7,500 in the aggregate, without the CompanyBank’s authorization to exceed this level.

Fee Structure and Payment Schedule. The Company agrees to pay RP Financial the following fees for preparation and delivery of the original appraisal report and subsequent appraisal updates as shown in the detail belowupdates, plus reimbursable expenses. Payment of these fees shall be made according to the following schedule: • ● $10,000 upon execution of this letter of agreement engaging RP Financial’s appraisal services; • ● $90,000 37,500 upon delivery of the completed original appraisal report; and • and, ● $10,000 upon delivery of each subsequent appraisal update report required in conjunction with the regulatory application and stock offering. It is anticipated that there will be at least one appraisal update report, specifically the update to be prepared in conjunction with the completion of the stock offering. The Company will reimburse RP Financial for reasonable out-of-pocket expenses incurred in preparation of the original appraisal and subsequent updates. Such out-of-pocket expenses will likely include travel, printing, telephone, facsimilecommunications, shipping, reasonable counsel fees, computer and data services, and will not exceed $10,000 in the aggregate, without the Company’s authorization to exceed this level.. ​

Fee Structure and Payment Schedule. The Company agrees to pay RP Financial fees for preparation and delivery of the original appraisal report and subsequent appraisal updates as shown in the detail below, plus reimbursable expenses. Payment of these fees shall be made according to the following schedule: • $10,000 5,000 upon execution of this letter of agreement engaging RP Financial’s appraisal services; • $90,000 30,000 upon delivery of the completed original appraisal report; and • $10,000 5,000 upon delivery of each subsequent appraisal update report required in conjunction with the regulatory application and stock offering. It is anticipated that there will be at least one appraisal update report, specifically the update to be prepared in conjunction with the completion of the stock offering. The Company will reimburse RP Financial for reasonable out-of-pocket expenses incurred in preparation of the original appraisal and subsequent updates. Such out-of-pocket expenses will likely include travel, printing, telephone, facsimile, shipping, reasonable counsel fees, computer and data services, and will not exceed $10,000 7,500 in the aggregate, without the Company’s authorization to exceed this level.

Fee Structure and Payment Schedule. The Company Bank agrees to pay RP Financial fees for preparation and delivery of the original appraisal report and subsequent appraisal updates as shown in the detail below, plus reimbursable expenses. Payment of these fees shall be made according to the following schedule: • $10,000 25,000 upon execution of this letter of agreement engaging RP Financial’s appraisal services; • $90,000 100,000 upon delivery of the completed original appraisal report; and • $10,000 15,000 upon delivery of each subsequent appraisal update report required in conjunction with the regulatory application and stock offering. It is anticipated that there will be at least one appraisal update report, specifically the update to be prepared in conjunction with the completion of the stock offering. The Company Bank will reimburse RP Financial for reasonable out-of-pocket expenses incurred in preparation of the original appraisal and subsequent updates. Such out-of-pocket expenses will likely include traveltravel (if necessary), printing, telephone, facsimile, shipping, reasonable counsel fees, computer and data services, and will not exceed $10,000 in the aggregate, without the CompanyBank’s authorization to exceed this level.

Fee Structure and Payment Schedule. The Company agrees to pay RP Financial fees for preparation and delivery of the original appraisal report and subsequent appraisal updates as shown in the detail below, plus reimbursable expenses. Payment of these fees shall be made according to the following schedule: • $10,000 5,000 upon execution of this letter of agreement engaging RP Financial’s appraisal services; • $90,000 42,500 upon delivery of the completed original appraisal report; and • $10,000 7,500 upon delivery of each subsequent appraisal update report required in conjunction with the regulatory application and stock offering. It is anticipated that there will be at least one appraisal update report, specifically the update to be prepared in conjunction with the completion of the stock offering. The Company will reimburse RP Financial for reasonable out-of-pocket expenses incurred in preparation of the original appraisal and subsequent updates. Such out-of-pocket expenses will likely include travel, printing, telephone, facsimile, shipping, reasonable counsel fees, computer and data services, and will not exceed $10,000 in the aggregate, without the Company’s authorization to exceed this level.

Fee Structure and Payment Schedule. The Company Bank agrees to pay RP Financial the following fees for preparation and delivery of the original appraisal report and subsequent appraisal updates as shown in the detail belowupdates, plus reimbursable expenses. Payment of these fees shall be made according to the following schedule: • $10,000 15,000 upon execution of this letter of agreement engaging RP Financial’s appraisal services; • $90,000 75,000 upon delivery of the completed original appraisal report; and • $10,000 upon delivery of each subsequent appraisal update report required in conjunction with the regulatory application and stock offering. It is anticipated that there will be at least one appraisal update report, specifically the update to be prepared in conjunction with the completion of the stock offering. The Company Bank will reimburse RP Financial for reasonable out-of-pocket expenses incurred in preparation of the original appraisal and subsequent updates. Such out-of-pocket expenses will likely include travel, printing, telephone, facsimile, shipping, reasonable counsel fees, computer and data services, and will not exceed $10,000 7,500 in the aggregate, without the CompanyBank’s authorization to exceed this level.