Common use of Costs of the Offering Clause in Contracts

Costs of the Offering. Except for the compensation payable to the Broker-Dealer and the allowances and reimbursements described in Section 6, which are the sole obligations of the Issuer or its affiliates, the Broker-Dealer will pay all of its own costs and expenses, including, but not limited to, all expenses necessary for the Broker-Dealer to remain in compliance with any applicable federal, state, or FINRA laws, rules, or regulations in order to participate in the Offering as a broker-dealer, and the fees and costs of the Broker-Dealer’s counsel. The Issuer agrees to pay all other expenses incident to the Offering or the performance of its or the Broker-Dealer’s obligations hereunder, including all expenses incident to filings with federal and state regulatory authorities related to the Offering and to the exemption of the Securities under federal and state securities laws, including fees and disbursements of the Issuer’s counsel, all costs of reproduction and distribution of the Prospectus and any amendment or supplement thereto, and travel expenses of the Broker-Dealer and its employees and representatives related to the Offering.