Common use of Accounting and Legal Fees Clause in Contracts

Accounting and Legal Fees. The Company hereby agrees to pay on each of the Closing Date and the Option Closing Date, if any, to the extent not paid at the Closing Date, the fees and expenses of the Company’s accountants and the fees and expenses of the Company’s legal counsel and any other of its agents and representatives. In addition, the Company hereby agrees to pay the fees and expenses of the Underwriter’s counsel in connection with the Offering, but which in no event shall exceed $125,000, of which $25,000 has been paid. The Underwriter may also deduct from the net proceeds of the Offering payable to the Company on the Closing Date, or the Option Closing Date, if any, the expenses set forth herein to be paid by the Company to the Underwriter, for which there has been no advance.

Accounting and Legal Fees. The Company hereby agrees to pay on each of the Closing Date and the Option Closing Date, if any, to the extent not paid at the Closing Date, the fees and expenses of the Company’s accountants and the fees and expenses of the Company’s legal counsel and any other of its agents and representatives. In addition, the Company hereby agrees to pay the fees and expenses of the Underwriter’s counsel in connection with the Offering, but which in no event shall exceed $125,000, of which $25,000 30,000 has been paid. The Underwriter may also deduct from the net proceeds of the Offering payable to the Company on the Closing Date, or the Option Closing Date, if any, the expenses set forth herein to be paid by the Company to the Underwriter, for which there has been no advance.