Company: ILAG
Filing Date: 2025-02-26
Form Type: 424B5
Source: 0001493152-25-008362
Chunk: 21

Company: Intelligent Living Application Group Inc.
Filing Date: 2025-02-26
Form: 424B5
Chunk 21
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9 |

We have agreed to reimburse the Placement Agent at closing for certain expenses incurred by the Placement Agent in connection with this offering, including legal expenses, in an aggregate amount of up to $50,000.

The Placement Agent may be deemed to be an underwriter within the meaning of Section 2(a)(11) of the Securities Act, and any commissions received by it and any profit realized on the resale of the shares sold by it while acting as principal might be deemed to be underwriting discounts or commissions under the Securities Act. As an underwriter, the Placement Agent would be required to comply with the requirements of the Securities Act and the Exchange Act, including, without limitation, Rule 415(a)(4) under the Securities Act and Rule 10b-5 and Regulation M under the Exchange Act. These rules and regulations may limit the timing of purchases and sales of shares by the Placement Agent acting as principal. Under these rules and regulations, the Placement Agent:

| ● | may                                                                                                                                      
 not engage in any stabilization activity in connection with our securities; and                                                          |
| ● | may                                                                                                                                      
 not bid for or purchase any of our securities or attempt to induce any person to purchase any of our securities, other than as permitted 
 under the Exchange Act, until it has completed its participation in the distribution.                                                    |

Placement Agent Warrants

We have agreed to grant the Placement Agent, or its designees, at the closing of the offering, warrants to purchase 41,380 Ordinary Shares, equal to 4% of the number of Ordinary shares sold in the offering (the “Placement Agent Warrants”). The Placement Agent Warrants will have an exercise price of $0.783 (135% of the public offering price per Ordinary Share) and will terminate on the three year anniversary of commencement of sales in this offering.

Right of First Refusal

We have granted the Placement Agent, subject to certain exceptions, for a period of 12 months from the closing date of this offering, certain rights of first refusal for each and every public offering (including an at-the-market facility) or private placement or any other capital-raising financing of equity, equity-linked or debt securities by us or any of our subsidiaries.

Tail

We have also agreed to pay the Placement Agent a tail fee equal to the cash and warrant compensation in this offering, if any investor, who actually introduced by Craft to Company that the Company does not know before such introduction during the term of its engagement, provides us with capital in any public or private offering or other financing