South 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. South Dakota Underwriting Agreement is a legal document outlining the terms and conditions of the sale and purchase of common stock shares between Internet. Com Corp. and Internet World Media, Inc. The agreement aims to detail the rights, responsibilities, and obligations of both parties involved in the underwriting process. Here, we will provide a detailed description of the South Dakota Underwriting Agreement, highlighting its key features and possible types. 1. South Dakota Underwriting Agreement Details: The South Dakota Underwriting Agreement ensures a secure and mutually beneficial transaction between Internet. Com Corp. and Internet World Media, Inc., pertaining to the sale and purchase of shares of common stock. It establishes a framework that governs the underwriting process to safeguard the interests of both parties involved. This agreement is legally binding and serves as a crucial document in determining the terms of the sale. 2. Key Features of the Agreement: a. Stock Offering: The agreement defines the specific number of shares being offered and purchased, along with their price per share. It also outlines whether the shares are new issuance or existing shares being sold by existing shareholders. b. Underwriting Terms: The agreement states the terms under which the underwriter, Internet. Com Corp., agrees to purchase the shares from Internet World Media, Inc. This includes the underwriter's commitment to sell the shares to the public at a predetermined price, known as the offering price. c. Responsibilities of the Underwriter: The agreement clarifies the obligations of the underwriter, such as conducting due diligence, preparing offering documents, and marketing the shares to potential investors. It also outlines any representations and warranties made by the underwriter regarding the shares being sold. d. Indemnification: The agreement addresses the indemnification provisions, specifying the extent to which Internet World Media, Inc. will reimburse Internet. Com Corp. for any losses or liabilities arising from misrepresentations or inaccuracies in the offering documents or breach of warranties. e. Conditions to Closing: The agreement elucidates the conditions that must be satisfied before the closing of the transaction can occur. This may include obtaining necessary regulatory approvals, legal compliance, or fulfilling any other applicable requirements. f. Allocation and Allotment: The agreement may outline how the shares will be allocated and allotted, taking into consideration any preferences or restrictions, and ensuring fairness and equitable distribution. g. Termination and Remedies: The agreement may specify the circumstances under which either party has the right to terminate the agreement, as well as the available remedies for breach of contract. 3. Types of South Dakota Underwriting Agreements: While the South Dakota Underwriting Agreement primarily entails the sale and purchase of shares of common stock, variations may exist based on specific terms and conditions tailored to the needs of the parties involved. Some examples of different types of South Dakota Underwriting Agreements related to the sale and purchase of common stock shares include: a. Firm Commitment Underwriting Agreement: This type involves a firm commitment from the underwriter to purchase and resell the shares, assuming the full risk of any unsold shares. b. The Best Efforts Underwriting Agreement: With this type, the underwriter agrees to use their best efforts to sell the shares but is not obligated to purchase any unsold shares, thereby limiting their risk. c. All or None Underwriting Agreement: This type specifies that either the entire offering is sold, or the deal is canceled, ensuring all shares are either fully subscribed or none are purchased. d. Standby Underwriting Agreement: This type is typically used in rights offerings, where the underwriter agrees to purchase any unsubscribed shares. In summary, the South Dakota Underwriting Agreement between Internet. Com Corp. and Internet World Media, Inc. is a vital legal document that outlines the terms and conditions surrounding the sale and purchase of common stock shares. It encompasses various aspects such as stock offering details, underwriter's responsibilities, indemnification, closing conditions, and termination provisions. Depending on the specific circumstances, different types of underwriting agreements, such as a firm commitment, the best efforts, all or none, or standby, may be utilized.

South Dakota Underwriting Agreement is a legal document outlining the terms and conditions of the sale and purchase of common stock shares between Internet. Com Corp. and Internet World Media, Inc. The agreement aims to detail the rights, responsibilities, and obligations of both parties involved in the underwriting process. Here, we will provide a detailed description of the South Dakota Underwriting Agreement, highlighting its key features and possible types. 1. South Dakota Underwriting Agreement Details: The South Dakota Underwriting Agreement ensures a secure and mutually beneficial transaction between Internet. Com Corp. and Internet World Media, Inc., pertaining to the sale and purchase of shares of common stock. It establishes a framework that governs the underwriting process to safeguard the interests of both parties involved. This agreement is legally binding and serves as a crucial document in determining the terms of the sale. 2. Key Features of the Agreement: a. Stock Offering: The agreement defines the specific number of shares being offered and purchased, along with their price per share. It also outlines whether the shares are new issuance or existing shares being sold by existing shareholders. b. Underwriting Terms: The agreement states the terms under which the underwriter, Internet. Com Corp., agrees to purchase the shares from Internet World Media, Inc. This includes the underwriter's commitment to sell the shares to the public at a predetermined price, known as the offering price. c. Responsibilities of the Underwriter: The agreement clarifies the obligations of the underwriter, such as conducting due diligence, preparing offering documents, and marketing the shares to potential investors. It also outlines any representations and warranties made by the underwriter regarding the shares being sold. d. Indemnification: The agreement addresses the indemnification provisions, specifying the extent to which Internet World Media, Inc. will reimburse Internet. Com Corp. for any losses or liabilities arising from misrepresentations or inaccuracies in the offering documents or breach of warranties. e. Conditions to Closing: The agreement elucidates the conditions that must be satisfied before the closing of the transaction can occur. This may include obtaining necessary regulatory approvals, legal compliance, or fulfilling any other applicable requirements. f. Allocation and Allotment: The agreement may outline how the shares will be allocated and allotted, taking into consideration any preferences or restrictions, and ensuring fairness and equitable distribution. g. Termination and Remedies: The agreement may specify the circumstances under which either party has the right to terminate the agreement, as well as the available remedies for breach of contract. 3. Types of South Dakota Underwriting Agreements: While the South Dakota Underwriting Agreement primarily entails the sale and purchase of shares of common stock, variations may exist based on specific terms and conditions tailored to the needs of the parties involved. Some examples of different types of South Dakota Underwriting Agreements related to the sale and purchase of common stock shares include: a. Firm Commitment Underwriting Agreement: This type involves a firm commitment from the underwriter to purchase and resell the shares, assuming the full risk of any unsold shares. b. The Best Efforts Underwriting Agreement: With this type, the underwriter agrees to use their best efforts to sell the shares but is not obligated to purchase any unsold shares, thereby limiting their risk. c. All or None Underwriting Agreement: This type specifies that either the entire offering is sold, or the deal is canceled, ensuring all shares are either fully subscribed or none are purchased. d. Standby Underwriting Agreement: This type is typically used in rights offerings, where the underwriter agrees to purchase any unsubscribed shares. In summary, the South Dakota Underwriting Agreement between Internet. Com Corp. and Internet World Media, Inc. is a vital legal document that outlines the terms and conditions surrounding the sale and purchase of common stock shares. It encompasses various aspects such as stock offering details, underwriter's responsibilities, indemnification, closing conditions, and termination provisions. Depending on the specific circumstances, different types of underwriting agreements, such as a firm commitment, the best efforts, all or none, or standby, may be utilized.