Common use of Offering Expenses Clause in Contracts

Offering Expenses. The Company will be responsible for and will pay all expenses relating to the Offering, including, without limitation, (a) all filing fees and expenses relating to the registration of the Securities with the Commission; (b) all FINRA filing fees; (c) all fees and expenses relating to the listing of the Shares on the Nasdaq Capital Market (the “Exchange”); (d) the costs of all mailing and printing of the documents related to the Offering; (e) transfer and/or stamp taxes, if any, payable upon the transfer of Securities from the Company to Investors; (f) the fees and expenses of the Company’s accountants; (g) all the Placement Agents travel expenses and due diligence expenses; and (h) the legal fees of the Placement Agents’ counsel; provided that the aggregate amount of reimbursable expenses set forth in subsections (g)-(h) shall not exceed $100,000. The Placement Agents may deduct from the net proceeds of the Offering payable to the Company on the Closing Date the expenses set forth herein to be paid by the Company to the Placement Agents, provided, however, that in the event that the Offering is terminated, the Company agrees to reimburse the Placement Agents to the extent required by Section 5 hereof promptly after such termination.

Offering Expenses. The Company will be responsible for and will pay all expenses relating to the Offering, including, without limitation, (a) all filing fees and expenses relating to the registration of the Securities with the Commission; (b) all FINRA Public Offering filing fees; (c) all fees and expenses relating to the listing of the Shares on the Nasdaq Capital Market (the “Exchange”)NASDAQ Stock Market; (d) the costs of all mailing and printing of the documents related to the OfferingOffering documents; (e) transfer and/or stamp taxes, if any, payable upon the transfer of Securities from the Company to Investors; (f) the fees and expenses of the Company’s accountants; (g) all the fees and expenses of the Placement Agents travel expenses and due diligence expensesAgent’s legal counsel up to a maximum of $80,000; and (h) the legal fees all travel, due diligence or related expenses of the Placement Agents’ counsel; provided that Agent. Notwithstanding the aggregate amount of reimbursable foregoing, the actual out-of-pocket expenses set forth in subsections (g)-(h) above shall not exceed be capped at $100,000130,000. The Placement Agents Agent may deduct from the net proceeds of the Offering payable to the Company on the Closing Date the expenses set forth herein to be paid by the Company to the Placement AgentsAgent, provided, however, that in the event that the Offering is terminated, the Company agrees to reimburse the Placement Agents Agent to the extent required by Section 5 hereof promptly after such terminationhereof.

Offering Expenses. The Company will be responsible for and will pay all expenses relating to the Offering, including, without limitation, (a) all filing fees and expenses relating to the registration of the Securities with the Commission; (b) all FINRA Public Offering filing fees; (c) all fees and expenses relating to the listing of the Shares ADSs on the Nasdaq Capital Market (the “Exchange”)NASDAQ Stock Market; (d) the costs of all mailing and printing of the documents related to the OfferingOffering documents; (e) transfer and/or stamp taxes, if any, payable upon the transfer of Securities from the Company to Investors; (f) the fees and expenses of the Company’s accountants; (g) all the Placement Agents travel fees and expenses and due diligence expenses; and (h) the legal fees of the Placement Agents’ counsellegal counsel up to a maximum of $125,000; provided that (h) the aggregate amount Placement Agents’ use of reimbursable Ipreo’s book-building, prospectus tracking and compliance software for the Offering; (i) “road show” expenses for the offering; and (j) the costs associated with receiving commemorative mementos and lucite tombstones. Notwithstanding the foregong, the actual out-of-pocket expenses set forth in subsections (g)-(hg)-(j) above shall not exceed be capped at the lesser of $100,000175,000 or 0.2% of the aggregate gross proceeds received by the Company from the sale of the Securities. The Placement Agents may deduct from the net proceeds of the Offering payable to the Company on the Closing Date the expenses set forth herein to be paid by the Company to the Placement Agents, provided, however, that in the event that the Offering is terminated, the Company agrees to reimburse the Placement Agents to the extent required by Section 5 hereof promptly after such terminationhereof.