Common use of Secondary Market Trading Memorandum Clause in Contracts

Secondary Market Trading Memorandum. Until such time as the Securities are listed or quoted, as the case may be, on one of the following: the New York Stock Exchange, the American Stock Exchange or Nasdaq National Market, the Company shall cause the Underwriters' legal counsel to deliver to the Underwriters on the Effective Date a written opinion detailing those states in which Securities may be traded in non-issuer transactions under the Blue Sky laws of the fifty states ("Secondary Market Trading Memorandum") and to update such memorandum as reasonably requested by the Underwriters. The Company shall pay to the Underwriters' legal counsel a one-time fee of $5,000 for such services at the Closing.

Secondary Market Trading Memorandum. Until such time as If the Firm Securities are not listed or quoted, as the case may be, on one of the following: the New York Stock Exchange, the American Stock Exchange or the Nasdaq National MarketMarket System, then the Company shall cause hereby requests that the Underwriters' ’ legal counsel to deliver to the Underwriters on Underwriters, at the Effective Date Date, a written opinion memorandum detailing those states in which Securities the Common Stock and the Warrants may be traded in non-issuer transactions under the Blue Sky laws of the fifty states ("“Secondary Market Trading Memorandum"”) and to that such counsel update such memorandum as reasonably requested by the Underwriters. The Company shall pay to the Underwriters' ’ legal counsel a one-time fee of $5,000 for such services at the Closingservices.

Secondary Market Trading Memorandum. Until such time as the Securities Shares are listed or quoted, as the case may be, on one of the following: the New York Stock Exchange, the American Stock Exchange or the Nasdaq National MarketMarket System, the Company shall cause the Underwriters' legal counsel to deliver to the Underwriters on the Effective Date a written opinion memorandum detailing those states in which Securities the Shares may be traded in non-issuer transactions under the Blue Sky laws of the fifty states ("Secondary Market Trading Memorandum") and to update such memorandum as reasonably requested by the Underwriters. The Company shall pay to the Underwriters' Underwriter's legal counsel a one-time fee of $5,000 for such services at on the ClosingClosing Date.