Common use of COMPENSATION AND OTHER FEES Clause in Contracts

COMPENSATION AND OTHER FEES. (A) As compensation for the Placement Agent’s services hereunder, the Company shall pay to the Placement Agent a cash placement fee upon each Closing, in an amount equal to four point eight percent (4.8%) of the aggregate offering price of the total amount of capital received by the Company from the sale of its Securities during the term of this Agreement (the “Placement Agent Fee”). Notwithstanding anything to the contrary in this Agreement, the compensation provided for in this Agreement shall be subject to such reduction as may be necessary for the compensation to comply with Financial Industry Regulatory Authority (“FINRA”) Rule 5110. The Company agrees to reimburse the Placement Agent for all travel, due diligence, legal or related expenses, up to $15, 000 in the aggregate.

COMPENSATION AND OTHER FEES. (A) As compensation for the Placement Agent’s services hereunder, the Company shall pay to the Placement Agent a cash placement fee upon each Closing, in an amount equal to four point eight seven percent (4.87%) of the aggregate offering price of the total amount of capital received by the Company from the sale of its Securities during the term of this Agreement (the “Placement Agent Fee”). Notwithstanding anything to the contrary in this Agreement, the compensation provided for in this Agreement shall be subject to such reduction as may be necessary for the compensation to comply with Financial Industry Regulatory Authority (“FINRA”) Rule 5110. The Company agrees to reimburse the Placement Agent for all travel, due diligence, legal diligence or related expenses, up to $15, 000 30,000 in the aggregate. In addition, the Company shall reimburse Placement Agent for its legal expense in an amount of $50,000.

COMPENSATION AND OTHER FEES. (A) As compensation for the Placement Agent’s services hereunder, the Company shall pay to the Placement Agent a cash placement fee upon each Closing, in an amount equal to four point eight percent (4.87.5%) of the aggregate offering price of the total amount of capital received by the Company from the sale of its Securities during the term of this Agreement (the “Placement Agent Fee”). ) Notwithstanding anything to the contrary in this Agreement, the compensation provided for in this Agreement shall be subject to such reduction as may be necessary for the compensation to comply with Financial Industry Regulatory Authority (“FINRA”) Rule 5110. The Company agrees to reimburse (at Closing) the Placement Agent and Investors for all travel, due diligence, legal diligence or related expenses, up to $15, 000 20,000 in the aggregate. In addition, the Company shall reimburse Placement Agent for its legal expenses in an amount of $25,000.