Common use of Offering Expenses Clause in Contracts

Offering Expenses. (i) The Company agrees to pay NCPS an accountable due diligence fee of $10,000 that is refundable to the Company to the extent it is not incurred. (ii) NCPS will provide an accounting of actual fees and expenses from time to time during the Offering Period and a final statement of expenses at Closing or prior to the termination of the Offering. Company agrees that any reimbursements owed to NCPS may be deducted from the offering proceeds at closing. However, the Company’s obligation to pay or reimburse NCPS for the Offering expenses included on the final statement of expenses is not conditional upon a successful closing. Such accountable expense reimbursements shall be capped at $10,000.