Payment of Taxes The Company shall from time to time promptly pay all taxes and charges that may be imposed upon the Company or the Warrant Agent in respect of the issuance or delivery of shares of Common Stock upon the exercise of the Warrants, but the Company shall not be obligated to pay any transfer taxes in respect of the Warrants or such shares of Common Stock.
Compensation and Expenses (a) As compensation for sourcing the Series Gallery Drop 103 Asset, the Asset Manager may be granted a sourcing fee equal to 2.98% of the total aggregate amount of Series Gallery Drop 103 membership interests that are sold in the Series’ offering under Regulation A of the Securities Act of 1933, as amended (the “Offering”), which the Asset Manager may waive in its sole discretion.