Common use of Expenses of Offering Clause in Contracts

Expenses of Offering. The Company shall be responsible for, and shall bear all expenses directly incurred in connection with, the proposed offering including, but not limited to legal fees of the Company's counsel relating to the costs of preparing the Registration Statement and all amendments, supplements and exhibits thereto and preparing and delivering all Underwriter and selling documents, Common Stock certificates (the "Company Expenses"). In addition, the Company shall reimburse the Underwriter for all of its out-of-pocket expenses incurred in connection with the Offering, including, without limitation the Underwriter's NASD filing fees, mailing, printing, copying, telephone, travel, background searches, due diligence investigations, legal and consulting fees or other similar expenses (the "Underwriter expenses") up to $25,000.

Expenses of Offering. The Company shall be responsible for, and shall bear all reasonable expenses directly incurred in connection with, the proposed offering including, but not limited to legal fees of the Company's counsel relating to the costs of preparing the Registration Statement and all amendments, supplements and exhibits thereto and preparing and delivering all Underwriter placement agent and selling documents, Common Stock certificates (the "Company Expenses")certificates. In addition, the Company shall reimburse the Underwriter Placement Agent for all of its reasonable out-of-pocket expenses incurred in connection with the Offering, including, without limitation the UnderwriterPlacement Agent's NASD filing fees, mailing, printing, copying, telephone, travel, background searches, due diligence investigations, legal and consulting fees or other similar expenses (the "Underwriter expenses") up to $25,000.