Illinois Underwriting Agreement between Internet.Com Corp. and Internet World Media, Inc. regarding the sale and purchase of shares of common stock

• Category: Corporations - Public - Agreements - Underwriting
• State: Multi-State
• Control #: US-EG-9307
• Format: Word; Rich Text

Description

Underwriting Agreement between Internet.Com Corporation and Internet World Media, Inc. regarding the sale and purchase of shares of common stock dated 00/00. 25 pages. The Illinois Underwriting Agreement is a legally binding contract that outlines the terms and conditions governing the sale and purchase of shares of common stock between Internet. Com Corp. and Internet World Media, Inc., both entities based in Illinois. This agreement is often entered into when Internet World Media, Inc. wishes to issue new shares of common stock to raise capital, and Internet. Com Corp. agrees to underwrite or purchase these shares. This agreement includes several key provisions to protect the interests of both parties involved. First and foremost, it specifies the number of shares to be issued or purchased and their corresponding purchase price. Additionally, it outlines the timeline for the transaction, including important dates such as the closing date and any required regulatory approvals. Furthermore, the Illinois Underwriting Agreement defines the roles and responsibilities of both Internet. Com Corp. as the underwriter and Internet World Media, Inc. as the issuer. It delineates the underwriter's obligations, such as conducting due diligence, marketing the shares, and ensuring compliance with applicable securities laws and regulations. On the other hand, the issuer agrees to provide accurate and complete information about the company and its financial condition. To provide flexibility and mitigate risks, the agreement may include certain conditions precedent, such as obtaining necessary approvals from shareholders or regulatory authorities. These conditions must be met before the agreement becomes binding, ensuring that both parties can proceed with confidence. In addition to the standard Illinois Underwriting Agreement, there may be different types or variations of this agreement depending on the specific circumstances or requirements of the transaction. Some potential variations include: 1. Firm Commitment Agreement: This is the most common type of underwriting agreement. It means that Internet. Com Corp. commits to purchasing the entire issue of shares from Internet World Media, Inc., even if they are unable to sell them to investors. 2. The Best Efforts Agreement: In this variation, Internet. Com Corp. agrees to use its best efforts to sell the shares to investors but does not guarantee the purchase of any unsold shares. The underwriter commits to making a reasonable effort to sell the shares, but the ultimate success of the offering depends on market demand. 3. Standby Agreement: This type of agreement is typically used when Internet World Media, Inc. wants to issue rights to existing shareholders. Internet. Com Corp. agrees to buy any offered shares that are not purchased by the existing shareholders. The underwriter provides a safety net by ensuring that the issuer will receive the desired capital. 4. All-or-None Agreement: This agreement stipulates that all the shares must be sold, or the offering will be canceled. If Internet. Com Corp. cannot secure buyers for the full issue, the transaction is terminated, and no shares are purchased. In conclusion, the Illinois Underwriting Agreement between Internet. Com Corp. and Internet World Media, Inc. establishes the terms and conditions for the sale and purchase of common stock. While the standard agreement covers the essential aspects of the transaction, there may be variations based on the level of commitment by the underwriter and the specific nature of the offering.

The Illinois Underwriting Agreement is a legally binding contract that outlines the terms and conditions governing the sale and purchase of shares of common stock between Internet. Com Corp. and Internet World Media, Inc., both entities based in Illinois. This agreement is often entered into when Internet World Media, Inc. wishes to issue new shares of common stock to raise capital, and Internet. Com Corp. agrees to underwrite or purchase these shares. This agreement includes several key provisions to protect the interests of both parties involved. First and foremost, it specifies the number of shares to be issued or purchased and their corresponding purchase price. Additionally, it outlines the timeline for the transaction, including important dates such as the closing date and any required regulatory approvals. Furthermore, the Illinois Underwriting Agreement defines the roles and responsibilities of both Internet. Com Corp. as the underwriter and Internet World Media, Inc. as the issuer. It delineates the underwriter's obligations, such as conducting due diligence, marketing the shares, and ensuring compliance with applicable securities laws and regulations. On the other hand, the issuer agrees to provide accurate and complete information about the company and its financial condition. To provide flexibility and mitigate risks, the agreement may include certain conditions precedent, such as obtaining necessary approvals from shareholders or regulatory authorities. These conditions must be met before the agreement becomes binding, ensuring that both parties can proceed with confidence. In addition to the standard Illinois Underwriting Agreement, there may be different types or variations of this agreement depending on the specific circumstances or requirements of the transaction. Some potential variations include: 1. Firm Commitment Agreement: This is the most common type of underwriting agreement. It means that Internet. Com Corp. commits to purchasing the entire issue of shares from Internet World Media, Inc., even if they are unable to sell them to investors. 2. The Best Efforts Agreement: In this variation, Internet. Com Corp. agrees to use its best efforts to sell the shares to investors but does not guarantee the purchase of any unsold shares. The underwriter commits to making a reasonable effort to sell the shares, but the ultimate success of the offering depends on market demand. 3. Standby Agreement: This type of agreement is typically used when Internet World Media, Inc. wants to issue rights to existing shareholders. Internet. Com Corp. agrees to buy any offered shares that are not purchased by the existing shareholders. The underwriter provides a safety net by ensuring that the issuer will receive the desired capital. 4. All-or-None Agreement: This agreement stipulates that all the shares must be sold, or the offering will be canceled. If Internet. Com Corp. cannot secure buyers for the full issue, the transaction is terminated, and no shares are purchased. In conclusion, the Illinois Underwriting Agreement between Internet. Com Corp. and Internet World Media, Inc. establishes the terms and conditions for the sale and purchase of common stock. While the standard agreement covers the essential aspects of the transaction, there may be variations based on the level of commitment by the underwriter and the specific nature of the offering.