Demand Registration Expenses. The Company will pay up to an aggregate of TWENTY THOUSAND DOLLARS ($20,000) of Registration Expenses in connection with a Demand Registration hereunder. The Requesting Stockholders shall be obligated to pay their pro rata share (based on the number of their Registrable Securities included in the registration statement) of any Registration Expenses in connection with a Demand Registration which exceed TWENTY THOUSAND DOLLARS ($20,000) in the aggregate. The Requesting Stockholders shall also pay all Selling Expenses attributable to the sale of their securities pursuant to any Demand Registration, including their pro rata share of all fees and disbursements of counsel for the Holders in connection with such Demand Registration.
Appears in 8 contracts
Samples: Preferred Stock Subscription Agreement (Simpson Louis A), Preferred Stock Subscription Agreement (Kriste George), Preferred Stock Subscription Agreement (International Dispensing Corp)
