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: • $5,000 upon execution of this letter of agreement engaging RP Financial’s appraisal services; • $45,000 upon delivery of the completed original appraisal report; and • $5,000 upon delivery of each subsequent appraisal update report required in conjunction with the regulatory application and 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 $7,500 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: • $5,000 upon execution of this letter of agreement engaging RP Financial’s appraisal services; • $45,000 40,000 upon delivery of the completed original appraisal report; and • $5,000 upon delivery completion of each the conversion to cover all subsequent appraisal update report required in conjunction with valuation updates that may be required, provided that the regulatory application and stock offeringtransaction is not delayed for reasons described below. 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 $7,500 5,000 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: • ● $5,000 upon execution of this letter of agreement engaging RP Financial’s appraisal services; • ● $45,000 25,000 upon delivery of the completed original appraisal report; and • ● $5,000 upon delivery of each subsequent appraisal update report required in conjunction with the regulatory application and 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 $7,500 5,000 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: • · $5,000 upon execution of this letter of agreement engaging RP Financial’s appraisal services; • · $45,000 40,000 upon delivery of the completed original appraisal report; and • · $5,000 upon delivery completion of each the conversion to cover all subsequent appraisal update report required in conjunction with valuation updates that may be required, provided that the regulatory application and stock offeringtransaction is not delayed for reasons described below. 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 $7,500 5,000 in the aggregate, without the Company’s authorization to exceed this level.