North Dakota 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. North Dakota Underwriting Agreement is a legal contract between Internet. Com Corp. and Internet World Media, Inc., outlining the terms and conditions associated with the sale and purchase of shares of common stock. This agreement serves as a vital tool in facilitating the smooth and transparent transaction of securities between parties. Within North Dakota, there are two main types of underwriting agreements: 1. Firm Commitment Underwriting Agreement: In this type of agreement, Internet. Com Corp. and Internet World Media, Inc. enter into a binding contract, wherein the underwriter agrees to purchase the entire offering of shares from the issuer. The underwriter bears the risk of any unsold shares and is responsible for reselling them to investors. 2. The Best Efforts Underwriting Agreement: In this agreement, the underwriter commits to using their best efforts to sell the shares offered by Internet. Com Corp. on behalf of Internet World Media, Inc. However, the underwriter does not guarantee the purchase of all the shares and is not liable for any unsold shares. The underwriter acts as a facilitator, assisting in the sale of shares but without assuming the risk of the unsold portion. The North Dakota Underwriting Agreement includes various key provisions and clauses: 1. Securities to be Offered: Specifies the type and quantity of common stock being sold by Internet. Com Corp. to Internet World Media, Inc. This section also outlines any limitations or restrictions on the transfer or resale of these securities. 2. Sales Terms and Price: Defines the agreed-upon purchase price, payment terms, and any related provisions, such as earn outs or milestone payments, if applicable. 3. Representations and Warranties: Internet. Com Corp. and Internet World Media, Inc. provide assurances regarding their legal capacity, ownership rights, and compliance with regulatory requirements. Both parties confirm that the information provided in the agreement is accurate and complete. 4. Conditions Precedent: Outlines the conditions that must be satisfied by the parties before the sale and purchase transaction can be completed. These conditions may include regulatory approvals, shareholder consent, or completion of due diligence. 5. Indemnification: Sets forth the obligations of each party to indemnify and hold harmless the other party and their respective agents, directors, and employees against any losses, liabilities, or claims arising from the breach of representations, warranties, or covenants. 6. Termination: Specifies the circumstances under which the agreement can be terminated by either party, such as a breach of contract, failure to satisfy conditions precedent, or mutual consent. 7. Governing Law and Dispute Resolution: Determines the jurisdiction for any legal disputes arising out of the agreement and the chosen method of dispute resolution, often through arbitration. The North Dakota Underwriting Agreement ensures a transparent and legally binding arrangement between Internet. Com Corp. and Internet World Media, Inc., promoting confidence and trust in the sale and purchase of shares of common stock.

North Dakota Underwriting Agreement is a legal contract between Internet. Com Corp. and Internet World Media, Inc., outlining the terms and conditions associated with the sale and purchase of shares of common stock. This agreement serves as a vital tool in facilitating the smooth and transparent transaction of securities between parties. Within North Dakota, there are two main types of underwriting agreements: 1. Firm Commitment Underwriting Agreement: In this type of agreement, Internet. Com Corp. and Internet World Media, Inc. enter into a binding contract, wherein the underwriter agrees to purchase the entire offering of shares from the issuer. The underwriter bears the risk of any unsold shares and is responsible for reselling them to investors. 2. The Best Efforts Underwriting Agreement: In this agreement, the underwriter commits to using their best efforts to sell the shares offered by Internet. Com Corp. on behalf of Internet World Media, Inc. However, the underwriter does not guarantee the purchase of all the shares and is not liable for any unsold shares. The underwriter acts as a facilitator, assisting in the sale of shares but without assuming the risk of the unsold portion. The North Dakota Underwriting Agreement includes various key provisions and clauses: 1. Securities to be Offered: Specifies the type and quantity of common stock being sold by Internet. Com Corp. to Internet World Media, Inc. This section also outlines any limitations or restrictions on the transfer or resale of these securities. 2. Sales Terms and Price: Defines the agreed-upon purchase price, payment terms, and any related provisions, such as earn outs or milestone payments, if applicable. 3. Representations and Warranties: Internet. Com Corp. and Internet World Media, Inc. provide assurances regarding their legal capacity, ownership rights, and compliance with regulatory requirements. Both parties confirm that the information provided in the agreement is accurate and complete. 4. Conditions Precedent: Outlines the conditions that must be satisfied by the parties before the sale and purchase transaction can be completed. These conditions may include regulatory approvals, shareholder consent, or completion of due diligence. 5. Indemnification: Sets forth the obligations of each party to indemnify and hold harmless the other party and their respective agents, directors, and employees against any losses, liabilities, or claims arising from the breach of representations, warranties, or covenants. 6. Termination: Specifies the circumstances under which the agreement can be terminated by either party, such as a breach of contract, failure to satisfy conditions precedent, or mutual consent. 7. Governing Law and Dispute Resolution: Determines the jurisdiction for any legal disputes arising out of the agreement and the chosen method of dispute resolution, often through arbitration. The North Dakota Underwriting Agreement ensures a transparent and legally binding arrangement between Internet. Com Corp. and Internet World Media, Inc., promoting confidence and trust in the sale and purchase of shares of common stock.