Company: MASK
Filing Date: 2025-01-10
Form Type: 424B4
Source: 0001213900-25-002376
Chunk: 238

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-01-10
Form: 424B4
Chunk 238
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000 |
| Non-accountable expense allowance (1.5%) |     | $        | 0.06 |     | $     |    75,000 |

In addition to the cash commission, we will also reimburse the underwriters for their non -accountableexpenses of one and a half percent (1.5%) of the gross proceeds of the offering and accountable out -of -pocketexpenses not to exceed $188,000. Such accountable out -of -pocketexpenses include: no more than $100,000 in underwriters’ legal counsel fees; road show, travel, platform on -boardingfees, and other reasonable out -of -pocketaccountable expenses which shall not exceed $55,000; due diligence and other like expenses not to exceed $25,000; background checks expenses not to exceed $8,000. Other than the aforementioned, any expense exceeding $5,000 shall be pre -approvedin writing by us. We have paid $130,000 in non -accountableexpenses to the underwriters as of the date hereof. The underwriters intend to offer our Class A Ordinary Shares to their retail customers only in states in which we are permitted to offer our Class A Ordinary Shares. We have relied on an exemption to the blue sky registration requirements afforded to “covered securities.” Securities listed on a National Securities Exchange are “covered securities.” If we were unable to meet National Securities Exchange listing standards, then we would be unable to rely on the covered securities exemption to blue sky registration requirements and we would need to register the offering in each state in which we planned to sell shares. Consequently, we will not complete this offering unless we meet a National Securities Exchange’s listing requirements and our application to list on the exchange is approved.

137 The foregoing does not purport to be a complete statement of the terms and conditions of the underwriting agreement and subscription agreement. A form of the underwriting agreement is included as an exhibit to the registration statement of which this prospectus forms a part. Underwriter’s Warrants In addition, we have agreed to grant the underwriters warrants (the “Underwriter Warrants”) to purchase an amount equal to five percent (5%) of the Class A Ordinary Shares sold in the offering (including the over -allotmentshares), which are exercisable upon the closing of the offering, have a five -yearterm starting from the date of the commencement of sales of the offering, and a cashless exercise feature. Such warrants are exercisable at a price of