Common use of Offering Expenses Clause in Contracts

Offering Expenses. The Company will be responsible for and will pay all expenses directly and necessarily incurred relating to the Offering, including, without limitation, (a) the cost of preparing, printing and filing the Registration Statement (as defined below) with the U.S. Securities and Exchange Commission (the “Commission”), amendments and supplements thereto, and post-effective amendments, as well as the filing with Financial Industry Regulatory Authority, Inc. (“FINRA”) and payment of all necessary fees in connection therewith and printing of a sufficient number of preliminary and final prospectuses, as the Representative may reasonably request; (b) the cost of preparing, printing, and delivering exhibits thereto, in such quantities as the Representative may reasonably request; (c) the fees of counsel and accountants for the Company, including fees associated with any blue sky filings; (d) fees associated with the Company’s transfer agent; and (e) the fees to translate documents for due diligence purposes; and (f) up to $15,000 for out-of-pocket travel expenses for due diligence purposes, which travel expenses have been paid.

Offering Expenses. The Company will be responsible for and will pay all expenses directly and necessarily incurred relating to the Offering, including, without limitation, (a) the cost of preparing, printing and filing the Registration Statement (as defined below) with the U.S. Securities and Exchange Commission (the “Commission”), amendments and supplements thereto, and post-effective amendments, as well as the filing with Financial Industry Regulatory Authority, Inc. (“FINRA”) and payment of all necessary fees in connection therewith and printing of a sufficient number of preliminary and final prospectuses, as the Representative Placement Agent may reasonably request; (b) the cost of preparing, printing, and delivering exhibits thereto, in such quantities as the Representative Placement Agent may reasonably request; (c) the fees of counsel and accountants for the Company, including fees associated with any blue sky filings; (d) fees associated with the Company’s transfer agent; and (e) the fees to translate documents for due diligence purposes; and (f) up to $15,000 for out-of-pocket travel expenses for due diligence purposes, which travel expenses have been paid.