EXHIBIT 99.3
The expenses to be incurred by the Company relating to the registration and offering of (i) 4,500,000 shares of common stock pursuant to a Registration Statement on Form S-3 (File No. 333-137225) and a related prospectus supplement filed with the Securities and Exchange Commission on March 27, 2008 and (ii) 12,500,000 shares of common stock pursuant to a Registration Statement on Form S-3 (File No. 333-137225) and a related prospectus supplement filed with the Securities and Exchange Commission on March 31, 2008 are estimated to be as follows:
|
| Estimated Fees |
| |
SEC registration fee |
| $ | 21,713 |
|
Legal fees and expenses |
| 190,500 |
| |
Fees and expenses of qualification under state securities laws (including legal fees) |
| — |
| |
Accounting fees and expenses |
| 180,000 |
| |
Printing fees |
| 50,000 |
| |
Miscellaneous |
| 4,500 |
| |
Total expenses |
| $ | 446,713 |
|