Common use of Expenses of the Representative Clause in Contracts

Expenses of the Representative. The Company further agrees that, in addition to the expenses payable pursuant to Section 4.6(a), on the Closing Date and Option Closing Date, if applicable, it will (i) pay to the Representative a management fee equal to 1.0% of the gross proceeds received by the Company from the sale of the Public Securities and (ii) reimburse the Representative up to US$175,000 for all reasonable, out-of-pocket expenses (including travel, databases, fees and disbursements of counsel and of other consultants and advisors retained by the Representative and all fees and expenses of the Underwriters referenced in Section 4.6(a) above) by deduction from the proceeds of the Offering contemplated herein.