Minnesota 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. A Minnesota Underwriting Agreement is a legally binding document that outlines the terms and conditions agreed upon between Internet. Com Corp. and Internet World Media, Inc. for the sale and purchase of shares of common stock. This agreement serves as a crucial mechanism for facilitating a public offering of securities. Below are details explaining the typical features and types of Minnesota Underwriting Agreements related to the sale and purchase of shares: 1. Definition: A Minnesota Underwriting Agreement is an agreement entered into by a company (the issuer) and an underwriter (Internet World Media, Inc.), acting on behalf of the issuer, regarding the distribution and sale of securities (common stock) to the public. 2. Parties Involved: The agreement involves two key parties Internetne Comom Corp., as the issuing company, and Internet World Media, Inc., as the underwriter responsible for purchasing and reselling the shares to the public. 3. Securities Offering: The agreement outlines the specific details of the securities being offered, including the type of securities (common stock), the number of shares being sold, the price per share, and any applicable conditions for the offering. 4. Underwriting Terms: The agreement establishes the underwriting terms, including the underwriter's commitment to purchase the shares from the issuer, the agreement's effective date, the offering price determined through negotiations, and any exclusive rights or obligations of the underwriter in relation to the offering. 5. Representations and Warranties: The agreement contains representations and warranties made by both parties. Internet. Com Corp. ensures that all information provided is accurate and complete, while Internet World Media, Inc. represents its capability to fulfill its underwriting obligations. 6. Conditions Precedent: The agreement may specify certain conditions that need to be fulfilled by either party before the closing of the underwriting agreement, such as obtaining regulatory approvals, completion of due diligence, or meeting financial requirements. 7. Indemnification: The agreement typically includes provisions for indemnification, which establishes the responsibilities of each party in cases of breach, misrepresentation, or inaccuracies leading to legal claims or losses. Types of Minnesota Underwriting Agreements: 1. Firm Commitment Agreement: In this type of underwriting agreement, Internet World Media, Inc. commits to purchasing all the shares from Internet. Com Corp., even if they cannot be resold to the public. This agreement provides more certainty to the issuing company but puts greater risk on the underwriter. 2. The Best Efforts Agreement: With the best efforts' agreement, Internet World Media, Inc. agrees to use its best efforts to sell the shares on behalf of Internet. Com Corp. However, the underwriter does not guarantee the purchase of any unsold shares. This type of agreement transfers more risk to the issuing company. 3. All-or-None: This agreement requires that all shares offered for sale must be purchased by Internet World Media, Inc. If they fail to sell all the shares, the entire offering is canceled. 4. Mini-Maxi Agreement: This agreement sets both a minimum and maximum number of shares to be sold. If the minimum number of shares is not sold, the offering is canceled. If the maximum is reached, any additional offers are returned to the applicants. In summary, a Minnesota Underwriting Agreement between Internet. Com Corp. and Internet World Media, Inc. regarding the sale and purchase of shares of common stock is a legally binding contract that details the terms and conditions of a securities offering. The different types of agreements (firm commitment, the best efforts, all-or-none, mini-maxi) provide varying levels of commitment and risk allocation between the issuer and the underwriter.

A Minnesota Underwriting Agreement is a legally binding document that outlines the terms and conditions agreed upon between Internet. Com Corp. and Internet World Media, Inc. for the sale and purchase of shares of common stock. This agreement serves as a crucial mechanism for facilitating a public offering of securities. Below are details explaining the typical features and types of Minnesota Underwriting Agreements related to the sale and purchase of shares: 1. Definition: A Minnesota Underwriting Agreement is an agreement entered into by a company (the issuer) and an underwriter (Internet World Media, Inc.), acting on behalf of the issuer, regarding the distribution and sale of securities (common stock) to the public. 2. Parties Involved: The agreement involves two key parties Internetne Comom Corp., as the issuing company, and Internet World Media, Inc., as the underwriter responsible for purchasing and reselling the shares to the public. 3. Securities Offering: The agreement outlines the specific details of the securities being offered, including the type of securities (common stock), the number of shares being sold, the price per share, and any applicable conditions for the offering. 4. Underwriting Terms: The agreement establishes the underwriting terms, including the underwriter's commitment to purchase the shares from the issuer, the agreement's effective date, the offering price determined through negotiations, and any exclusive rights or obligations of the underwriter in relation to the offering. 5. Representations and Warranties: The agreement contains representations and warranties made by both parties. Internet. Com Corp. ensures that all information provided is accurate and complete, while Internet World Media, Inc. represents its capability to fulfill its underwriting obligations. 6. Conditions Precedent: The agreement may specify certain conditions that need to be fulfilled by either party before the closing of the underwriting agreement, such as obtaining regulatory approvals, completion of due diligence, or meeting financial requirements. 7. Indemnification: The agreement typically includes provisions for indemnification, which establishes the responsibilities of each party in cases of breach, misrepresentation, or inaccuracies leading to legal claims or losses. Types of Minnesota Underwriting Agreements: 1. Firm Commitment Agreement: In this type of underwriting agreement, Internet World Media, Inc. commits to purchasing all the shares from Internet. Com Corp., even if they cannot be resold to the public. This agreement provides more certainty to the issuing company but puts greater risk on the underwriter. 2. The Best Efforts Agreement: With the best efforts' agreement, Internet World Media, Inc. agrees to use its best efforts to sell the shares on behalf of Internet. Com Corp. However, the underwriter does not guarantee the purchase of any unsold shares. This type of agreement transfers more risk to the issuing company. 3. All-or-None: This agreement requires that all shares offered for sale must be purchased by Internet World Media, Inc. If they fail to sell all the shares, the entire offering is canceled. 4. Mini-Maxi Agreement: This agreement sets both a minimum and maximum number of shares to be sold. If the minimum number of shares is not sold, the offering is canceled. If the maximum is reached, any additional offers are returned to the applicants. In summary, a Minnesota Underwriting Agreement between Internet. Com Corp. and Internet World Media, Inc. regarding the sale and purchase of shares of common stock is a legally binding contract that details the terms and conditions of a securities offering. The different types of agreements (firm commitment, the best efforts, all-or-none, mini-maxi) provide varying levels of commitment and risk allocation between the issuer and the underwriter.