Reimbursement of Expenses Independent Contractor. 4.1 All expenses ( including, but not limited to, legal, accounting and other advisors’ fees and expenses) incurred by Great Point in the performance of its duties under this Agreement will be for the account of, on behalf of, and at the expense of the Company provided that such expenses are reasonable of the Company. The Consultant shall not hold itself out or permit itself to be regarded ( to the extent practical) as an employee, officer or agent of the Corporation and shall strictly avoid any act or omission that may reasonably lead to a contractual or tortuous claim against or liability to the Corporation. ![]() The Consultant shall be an independent contractor, and nothing contained in this Agreement shall be deemed or construed (i) to create a partnership or joint venture between the Corporation and the Consultant or (ii) to cause the Consultant to be responsible in any way for the debts, liabilities or obligations of the Corporation or any other party or ( iii) to constitute the Consultant or any of its employees as employees, officers or agents of the Corporation. The Corporation shall reimburse each such expense within 15 days of submission by the Consultant to the Corporation of a properly documented expense report. The Consultant shall not be obligated to make any advance to or for the account of the Corporation without assurance that the necessary funds are held in accounts maintained by the Corporation nor shall the Consultant be obligated to incur any liability or obligation for the account of the Corporation without assurance that the necessary funds for the discharge of such liability or obligation will be provided. Provided that no such written or oral approval shall be required for reimbursement of any individual expense that is less than $100. All obligations or expenses reasonably incurred by the Consultant in the performance of its duties under this Agreement, which are performed with the prior written or oral approval of the Corporation shall be for the account of, on behalf of, and at the expense of the Corporation. Reimbursement of Expenses Independent Contractor. ![]() The Manager shall be an independent contractor, and nothing contained in this Agreement shall be deemed or construed (i) to create a partnership or joint venture between the Company and/or any subsidiary of the Company and the Manager, or (ii) to cause the Manager to be responsible in any way for the debts, liabilities or obligations of the Company or any of its subsidiaries, or any other party, or ( iii) to constitute the Manager or any of its employees as employees, officers, or agents of the Company or any of its subsidiaries. The Manager shall not be obligated to make any advance to or for the account of the Company (or any subsidiary) or to pay any sums, except out of funds held in accounts maintained by the Company (or a subsidiary) nor shall the Manager be obligated to incur any liability or obligation for the account of the Company or any subsidiary without assurance that the necessary funds for the discharge of such liability or obligation will be provided. All obligations or expenses incurred by the Manager in the performance of its duties under this Agreement shall be for the account of, on behalf of, and at the expense of the Company and/or its subsidiaries, as the case may be.
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