Common use of EXPENSE PAYMENTS Clause in Contracts

EXPENSE PAYMENTS. Upon execution of this Agreement, Smarte agrees to pay to Fifth Street the following itemized expenses subject to a credit in the amount of $40,000.00 for expenses in connection with the Fifth Street Agreements: (a) Registration Document creation - $25,000.00 (b) Print 100 Offering Documents - $1000.00 – To be completed. (c) Roadshow fees - $39,500.00 – Two road shows remain to be completed – Austin, TX and Denver, CO. (d) Application of credit - ($40,000.00) (e) Total expenses - $25,500.00