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 4.5(a), on the Closing Date, the Company will (i) pay to the Representative a management fee equal to 1% of the aggregate gross proceeds of the Offering (excluding any proceeds from the Specified Investors) and (ii) reimburse the Representative for its expenses of the Offering in the non-accountable sum of $25,000 and for its legal and other out-of-pocket expenses of the Offering in an amount of up to an aggregate of $100,000 (which shall include any expenses incurred under clauses (d), (m) and (n) of Section 4.5(a) herein) by deduction from the proceeds of the Offering contemplated herein.

Expenses of the Representative. The Company further agrees that, in addition to the expenses payable pursuant to Section 4.5(a), on the Closing Date, the Company will (i) pay to the Representative a management fee equal to 1% of the aggregate gross proceeds of the Offering (excluding any proceeds from the Specified Investors) and (ii) reimburse the Representative for its expenses of the Offering in the non-accountable sum of $25,000 15,000 and for its legal and other out-of-pocket expenses of the Offering in an amount of up to an aggregate of $100,000 70,000 (which shall include any expenses incurred under clauses (d), (m) and (n) of Section 4.5(a) herein) by deduction from the proceeds of the Offering contemplated herein.

Expenses of the Representative. The Company further agrees that, in addition to the expenses payable pursuant to Section 4.5(a), on the Closing Date, the Company will (i) pay to the Representative a management fee equal to 1% of the aggregate gross proceeds of the Offering (excluding any proceeds from the Specified Investors) and (ii) reimburse the Representative for its expenses of the Offering in the non-accountable sum of $25,000 and for its legal and other out-of-pocket expenses of the Offering in an amount of up to an aggregate of $100,000 (which shall include any expenses incurred under clauses (d), (m) and (n) of Section 4.5(a) herein) by deduction from the proceeds of the Offering contemplated herein.