Virginia 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 Virginia Underwriting Agreement between Internet. Com Corp. and Internet World Media, Inc. is a legally binding contract that governs the sale and purchase of shares of common stock between the two companies in the state of Virginia. This agreement ensures a smooth and fair transaction process and outlines the responsibilities and obligations of both parties involved. Below are some relevant keywords to provide a detailed description of this agreement: 1. Underwriting Agreement: It is a legal document that sets out the terms and conditions for the sale and purchase of shares in a company during an underwritten public offering. 2. Virginia State Laws: The agreement must comply with the relevant laws and regulations of the state of Virginia, ensuring the transaction is in accordance with local legal requirements. 3. Internet. Com Corp.: This refers to the selling party, a corporation involved in the sale of shares of common stock. They have the authority to issue and sell the shares. 4. Internet World Media, Inc.: This refers to the purchasing party, a corporation interested in buying the shares of common stock from Internet. Com Corp. 5. Sale and Purchase of Common Stock: The agreement defines the terms under which Internet. Com Corp. agrees to sell a certain number of shares of common stock to Internet World Media, Inc. It outlines the purchase price per share and the total number of shares involved in the transaction. 6. Offering Price: This refers to the price at which the shares will be offered to potential buyers. The agreement may specify a certain offering price or determine a method for its calculation. 7. Underwriters: The agreement might include provisions related to underwriters who facilitate the sale of the shares. Underwriters are typically investment banks that purchase shares from the corporation and resell them to investors. 8. Securities and Exchange Commission (SEC): The agreement may require compliance with SEC regulations for the sale of shares, ensuring that the transaction is carried out following proper disclosure and reporting guidelines. 9. Closing Conditions: The agreement will outline the conditions that need to be met for the closing of the transaction, including any regulatory approvals or shareholder consents required. Types of Virginia Underwriting Agreements: a. Firm Commitment Underwriting Agreement: This type of agreement guarantees the sale of all the shares offered by Internet. Com Corp. to Internet World Media, Inc. The underwriters commit to purchasing any unsold shares, ensuring the completion of the offering. b. The Best Efforts Underwriting Agreement: In this type of agreement, the underwriters make their best efforts to sell the shares on behalf of Internet. Com Corp. However, they do not guarantee the sale of all the offered shares. The underwriters are not obligated to purchase any unsold shares. c. All-or-None Underwriting Agreement: This agreement stipulates that all shares must be sold to complete the offering. If the underwriters are unable to sell all the shares, the transaction will not proceed. d. Standby Underwriting Agreement: This type of agreement is often used when a company wants to issue rights to its existing shareholders. The underwriters agree to purchase any shares not taken up by the shareholders, ensuring the success of the offering. It is essential to note that the specific terms and conditions of the Virginia Underwriting Agreement between Internet. Com Corp. and Internet World Media, Inc. can vary depending on the negotiated terms between the two parties.

The Virginia Underwriting Agreement between Internet. Com Corp. and Internet World Media, Inc. is a legally binding contract that governs the sale and purchase of shares of common stock between the two companies in the state of Virginia. This agreement ensures a smooth and fair transaction process and outlines the responsibilities and obligations of both parties involved. Below are some relevant keywords to provide a detailed description of this agreement: 1. Underwriting Agreement: It is a legal document that sets out the terms and conditions for the sale and purchase of shares in a company during an underwritten public offering. 2. Virginia State Laws: The agreement must comply with the relevant laws and regulations of the state of Virginia, ensuring the transaction is in accordance with local legal requirements. 3. Internet. Com Corp.: This refers to the selling party, a corporation involved in the sale of shares of common stock. They have the authority to issue and sell the shares. 4. Internet World Media, Inc.: This refers to the purchasing party, a corporation interested in buying the shares of common stock from Internet. Com Corp. 5. Sale and Purchase of Common Stock: The agreement defines the terms under which Internet. Com Corp. agrees to sell a certain number of shares of common stock to Internet World Media, Inc. It outlines the purchase price per share and the total number of shares involved in the transaction. 6. Offering Price: This refers to the price at which the shares will be offered to potential buyers. The agreement may specify a certain offering price or determine a method for its calculation. 7. Underwriters: The agreement might include provisions related to underwriters who facilitate the sale of the shares. Underwriters are typically investment banks that purchase shares from the corporation and resell them to investors. 8. Securities and Exchange Commission (SEC): The agreement may require compliance with SEC regulations for the sale of shares, ensuring that the transaction is carried out following proper disclosure and reporting guidelines. 9. Closing Conditions: The agreement will outline the conditions that need to be met for the closing of the transaction, including any regulatory approvals or shareholder consents required. Types of Virginia Underwriting Agreements: a. Firm Commitment Underwriting Agreement: This type of agreement guarantees the sale of all the shares offered by Internet. Com Corp. to Internet World Media, Inc. The underwriters commit to purchasing any unsold shares, ensuring the completion of the offering. b. The Best Efforts Underwriting Agreement: In this type of agreement, the underwriters make their best efforts to sell the shares on behalf of Internet. Com Corp. However, they do not guarantee the sale of all the offered shares. The underwriters are not obligated to purchase any unsold shares. c. All-or-None Underwriting Agreement: This agreement stipulates that all shares must be sold to complete the offering. If the underwriters are unable to sell all the shares, the transaction will not proceed. d. Standby Underwriting Agreement: This type of agreement is often used when a company wants to issue rights to its existing shareholders. The underwriters agree to purchase any shares not taken up by the shareholders, ensuring the success of the offering. It is essential to note that the specific terms and conditions of the Virginia Underwriting Agreement between Internet. Com Corp. and Internet World Media, Inc. can vary depending on the negotiated terms between the two parties.