Company: GINT
Filing Date: 2025-01-28
Form Type: DRS/A
Source: 0001213900-25-007208
Chunk: 195

Company: Gifts International Holdings Ltd
Filing Date: 2025-01-28
Form: DRS/A
Chunk 195
---
, including, but not limited to travel, due diligence expenses, reasonable fees and expenses of its legal counsel, roadshow, and background check of the Company’s principals. In addition, at the closing of the offering, we will reimburse the representative 1.5% of the actual amount of this offering as non -accountableexpenses. We paid an advanced expense deposit of $[] to the representative for the representative’s anticipated out -of -pocketexpenses; any expense deposits will be returned to us to the extent the representative’s out -of -pocketaccountable expenses are not actually incurred in accordance with FINRA Rule 5110(g)(4)(A). Except as disclosed in this prospectus, the representative has not received and will not receive from us and the Selling Shareholder any other item of compensation or expense in connection with this offering considered by FINRA to be underwriting compensation under FINRA Rule 5110. Representative’s Warrants We agree to issue to the Representative and to register herein warrants up to [] Class A Ordinary Shares (equal to 5% of the Class A Ordinary Shares of the Class A Ordinary Shares sold in this offering). These warrants and underlying shares are included in this prospectus. The Representative Warrants will be exercisable commencing upon issuance until five (5) years from the commencement of sales of the offering. The Representative Warrants are exercisable at a per share price of 110% of the public offering price of the ordinary shares offered hereby. The Representative Warrants shall not be callable or cancellable. During such time as the Representative’s Warrants are outstanding, we agree not to merge, reorganize, or take any action which would terminate the Representative’s Warrants without first making adequate provisions for the Representative’s Warrants. The Representative Warrants may not be sold, transferred, assigned, pledged or hypothecated, or be the subject of any hedging, short sale, derivative, put, or call transaction that would result in the effective economic disposition of the securities by any person for a period of 180 days immediately following the commencement of sales of the offering, of which this prospectus forms a part (in accordance with FINRA Rule 5110), except that they may be assigned, in whole or in part, to any successor, officer, manager, member, or partner of the Representative, and to members of the syndicate or selling group and their respective officers, managers, members or partners. The Representative Warrants may be exercised as to all or a lesser number of