Common use of Nonaccountable Expenses Clause in Contracts

Nonaccountable Expenses. The Company further agrees that in addition to the expenses payable pursuant to Section 3.13.1, on the Closing Date, it will pay to the Representative a nonaccountable expense allowance equal to one percent (1%) of the gross proceeds received by the Company from the sale of the Firm Units (of which $10,000 has previously been paid) by deduction from the proceeds of the Offering contemplated herein. In addition, the Company shall pay to the Representative a nonaccountable expense allowance equal to one percent (1%) of the gross proceeds received by the Company from the sale of the Placement Securities.

Nonaccountable Expenses. The Company further agrees that in addition to the expenses payable pursuant to Section 3.13.1, on the Closing Date, it will pay to the Representative a nonaccountable expense allowance equal to one percent (1%) of the gross proceeds received by the Company from the sale of the Firm Units (of which $10,000 50,000 has previously been paid) by deduction from the proceeds of the Offering contemplated herein. In addition, the Company shall pay to the Representative a nonaccountable expense allowance equal to one percent (1%) of the gross proceeds received by the Company from the sale of the Placement Securities.

Nonaccountable Expenses. The Company further agrees that in addition to the expenses payable pursuant to Section 3.13.1, on the Closing Date, it will pay to the Representative a nonaccountable expense allowance equal to one percent (1%) of the gross proceeds received by the Company from the sale of the Firm Units (of which $10,000 ______ has previously been paid) by deduction from the proceeds of the Offering contemplated herein. In addition, the Company shall pay to the Representative a nonaccountable expense allowance equal to one percent (1%) of the gross proceeds received by the Company from the sale of the Placement Securities.