Exhibit 107
Calculation of Filing Fee Tables
Form S-1
(Form Type)
White River Energy Corp
(Exact Name of Registrant as Specified in its Charter)
Table 1: Newly Registered and Carry Forward Securities
Security Type | Security Class Title | Fee Calculation or Carry Forward Rule | Amount Registered (1) | Proposed Maximum Offering Price Per Unit | Maximum Aggregate Offering Price | Fee Rate | Amount of Registration Fee | Carry Forward Form Type | Carry Forward File Number | Carry Forward Initial effective date | Filing Fee Previously Paid In Connection with Unsold Securities to be Carried Forward | |||||||||||||||||||||||||||||
| Newly Registered Securities | ||||||||||||||||||||||||||||||||||||||||
| Fees to Be Paid | Equity | Common Stock, par value $0.0001 per share (2) | Other (2) | 42,253,521 | $ | 0.90 (2) | $ | 38,028,168.90 | $110.20 per $1,000,000 | $ | 4,190.70 | |||||||||||||||||||||||||||||
| Fees to Be Paid | Equity | Common Stock, par value $0.0001 per share (2) | Other (3) | 4,767,409 | $ | 0.90 (3) | $ | 4,290,668.10 | $110.20 per $1,000,000 | $ | 472.83 | |||||||||||||||||||||||||||||
| Fees to Be Paid | Equity | Common Stock, par value $0.0001 per share (4) | Other (4) | 9,534,818 | $ | 0.90 (4) | $ | 8,581,336.20 | $110.20 per $1,000,000 | $ | 945.66 | |||||||||||||||||||||||||||||
| Fees to Be Paid | Equity | Common Stock, par value $0.0001 per share (6) | Other (4) | 14,302,227 | $ | 0.90 (4) | $ | 13,825,486.10 | $110.20 per $1,000,000 | $ | 1,523.57 | |||||||||||||||||||||||||||||
| Fees to Be Paid | Equity | Warrants to Purchase Common Stock | Other (5) | 9,534,818 | $ | 1.00 (5) | $ | 9,534,818.00 | $110.20 per $1,000,000 | $ | 1,050.74 | |||||||||||||||||||||||||||||
| Fees Previously Paid | ||||||||||||||||||||||||||||||||||||||||
| Carry Forward Securities | ||||||||||||||||||||||||||||||||||||||||
| Carry Forward Securities | ||||||||||||||||||||||||||||||||||||||||
| Total Offering Amounts | $ | 51,853,655.00 | $ | 5,714.27 | ||||||||||||||||||||||||||||||||||||
| Total Fees Previously Paid | - | |||||||||||||||||||||||||||||||||||||||
| Total Fee Offsets | - | |||||||||||||||||||||||||||||||||||||||
| Net Fee Due | $ | 5,714.27 | ||||||||||||||||||||||||||||||||||||||
(1) Consists of (i) Spin-Off Shares issuable to and distributable by Ecoark Holdings, Inc. in connection with the conversion of the Series A Convertible Preferred Stock held by Ecoark and the subsequent spin-off of the Spin-Off Shares underlying the Series A; (ii) shares of common stock underlying PIPE Securities, namely Series C Convertible Preferred Stock and Warrants representing 200% warrant coverage; and/or (iii) the Warrants themselves. Capitalized terms used herein have the meanings set forth in Prospectus which forms of the Registration Statement with which this Filing Fees Table is filed as Exhibit 107. The Company’s common stock will be issued to the Selling Stockholders upon conversion of Series C at a conversion price which may be lower (and thereby the number of shares of common stock issuable upon the conversion of the Series C may be higher) depending on the PIPE Securities Formula. The number of shares of common stock issuable upon exercise price may also be increased based on the PIPE Securities Formula. Represents the maximum number of shares of common stock offered by the Selling Stockholders named in the Registration Statement. Also includes such indeterminate number of additional shares of common stock issuable by reason of any stock dividend, stock split, recapitalization or other similar transaction, including, but not limited to, as a result of the anti-dilution provisions contained in the securities.
(2) Pursuant to Rule 457(f)(1) under the Securities Act of 1933, and solely for the propose of calculating the registration fee, the fee for the Spin-Off is based on the estimated market value of the Spin-Off Shares as specified under Rule 457(c), which reflects the average of the high and low sale prices of the shares of common stock as of December 5, 2022, as reported on the OTCQB.
(3) Pursuant to Rule 457(c) under the Securities Act of 1933, and solely for the purpose of calculating the registration fee, the proposed maximum offering price per share of the common stock issuable upon conversion of Series C is estimated to be $0.90, which is the average of the high and low sale prices of the shares of common stock as of December 5, 2022, as reported on the OTCQB.
(4) Pursuant to Rule 457(g) under the Securities Act of 1933, and solely for the purpose of calculating the registration fee, the proposed maximum offering price per share of the common stock issuable upon exercise of the warrants exercisable at $1.00 per share, estimated based upon the higher of (a) the exercise price of such warrants, and (b) $0.90, which is the average of the high and low sale prices of the shares of common stock as of December 5, 2022, as reported on the OTCQB.
(5) Pursuant to Rule 457(i), the registration fee paid by the Company in connection with the Warrants includes the sale by the Selling Stockholders of the Warrants, and the subsequent exercise thereof.
Table 2: Fee Offset Claims and Sources
Registrant or Filer Name | Form or Filing Type | File Number | Initial Filing Date | Filing Date | Fee Offset Claimed | Security Type Associated with Fee Offset Claimed | Security Title Associated with Fee Offset Claimed | Unsold Securities Associated with Fee Offset Claimed | Unsold Aggregate Offering Amount Associated with Fee Offset Claimed | Fee Paid with Fee Offset Source | ||||||||||||||||||||||||||||||||||
| Rules 457(b) and 0-11(a)(2) | ||||||||||||||||||||||||||||||||||||||||||||
| Fee Offset Claims | ||||||||||||||||||||||||||||||||||||||||||||
| Fee Offset Sources | ||||||||||||||||||||||||||||||||||||||||||||
| Rule 457(p) | ||||||||||||||||||||||||||||||||||||||||||||
| Fee Offset Claims | ||||||||||||||||||||||||||||||||||||||||||||
| Fee Offset Sources | ||||||||||||||||||||||||||||||||||||||||||||
Table 3: Combined Prospectuses
| Security Type | Security Class Title | Amount of Securities Previously Registered | Maximum Aggregate Offering Price of Securities Previously Registered | Form Type | File Number | Initial Effective Date | ||||||||||||||||||||