The District of Columbia Underwriting Agreement between Internet. Com Corp. and Internet World Media, Inc. is a legally binding contract that outlines the terms and conditions of the sale and purchase of shares of common stock. This agreement ensures transparency, protection, and a fair transaction process for both parties involved. It serves as a safeguard against any potential risks and establishes clear guidelines for the underwriting process. The agreement covers various crucial aspects, including the number of shares being sold, the purchase price, any restrictions or limitations on the sale of shares, and the timeline for completing the transaction. It also outlines the roles and responsibilities of each party, with Internet. Com Corp. acting as the issuer of the common stock and Internet World Media, Inc. as the underwriter. The underwriting agreement in the District of Columbia can be tailored to different types of transactions and situations. Some variations may include: 1. Firm Commitment Underwriting Agreement: This type of agreement guarantees that the underwriter will purchase all the shares being offered by the issuer, even if they are unable to sell them to investors. Thus, it places the entire risk on the underwriter. 2. The Best Efforts Underwriting Agreement: In this scenario, the underwriter commits to using their best efforts to sell the shares on behalf of the issuer, but without any guarantee of purchasing the unsold shares. The risk is shared between both parties, with the issuer retaining the unsold shares. 3. All-or-None Underwriting Agreement: This agreement requires the underwriter to sell all the offered shares or cancel the entire transaction. It provides a strict condition that ensures all shares must be sold for the agreement to be fulfilled. 4. Market-Out Clause: This type of provision allows the underwriter to exit the agreement under specific circumstances such as a significant adverse change in the financial markets or a material adverse event affecting the issuer. The District of Columbia Underwriting Agreement protects the interests of both Internet. Com Corp. and Internet World Media, Inc., outlining the rights, obligations, and liabilities of each party throughout the process. It acts as a legally binding document that ensures a fair and smooth transaction, benefiting all involved stakeholders.