Prior to Solicitor Instruction, the Borrower will pay a $5,000.00 fee deposit to the Lender upon acceptance of this Commitment Letter.

Upon acceptance of this Commitment Letter by the Borrower, the Deposit is not refundable and shall be deemed to have been earned and will be retained by the Lender and mortgage broker as compensation for the time, effort and costs incurred and associated with reviewing and approving the subject financing request, including without limitation the review of all documents relating to the Borrower and the purchase transaction, cover the costs of any legal fees that have been incurred whether the loan funds or not.