Common use of Service Fees and Expenses Clause in Contracts

Service Fees and Expenses. 3.1 The Company shall pay the remuneration to the Consultant on a monthly pre-taxed basis in an amount of RMB50,000 (the “Service Fees”). 3.2 The Service Fees shall be paid in arrears on or around the 20th of each month (the “Payment Date”). The Company shall deposit the amounts stated in Clauses 3.2 after necessary deduction (including personal income tax, however, the Company has no obligation to pay, deduct or reserve any funds under the employment laws and regulations) into a bank account designated by the Consultant. 3.3 The Consultant shall assume all tax liabilities for his Service Fees by himself. 3.4 The Consultant shall be reimbursed all travelling expenses reasonably incurred in the execution of and in relation to his duties for business purposes under this Agreement subject to the submission of proper receipts/vouchers.