The Virgin Islands Underwriting Agreement between Tel axis Communications Corp. and Credit Suisse First Boston Corp. is a contractual agreement that outlines the terms and conditions for the issuance and sale of shares of common stock. This agreement is an essential component of the capital raising process for Tel axis Communications Corp., ensuring a smooth and efficient underwriting process. Under the agreement, Tel axis Communications Corp. appoints Credit Suisse First Boston Corp. as the underwriter for the offering of its common stock. The underwriter, in turn, agrees to purchase and resell the shares to the public at a predetermined price. This agreement establishes the obligations and responsibilities of both parties involved in the offering. Key terms and conditions covered in the Virgin Islands Underwriting Agreement may include: 1. Pricing and Allocation: The agreement specifies the initial offering price and the number of shares to be issued, along with any potential over allotment option. Additionally, it outlines the allocation of shares between the underwriter and Tel axis Communications Corp. 2. Conditions of Closing: The agreement outlines the conditions that need to be fulfilled before the closing of the offering, such as the receipt of required regulatory approvals, effectiveness of registration statements, and any other necessary legal and financial requirements. 3. Representations and Warranties: Both parties provide certain representations and warranties to ensure the accuracy and completeness of the information provided in the offering documents. This includes disclosing any material information that may impact the investment decision of potential investors. 4. Indemnification: The agreement includes provisions for indemnification, where Tel axis Communications Corp. agrees to compensate the underwriter for any losses, damages, or liabilities arising from misrepresentations or breaches of the agreement's terms. 5. Termination: The circumstances under which the agreement can be terminated by either party are also defined. These may include material adverse changes in Tel axis Communications Corp.'s financial position, breach of representations and warranties, or failure to fulfill certain obligations. Different types of the Virgin Islands Underwriting Agreements between Tel axis Communications Corp. and Credit Suisse First Boston Corp. regarding the issuance and sale of shares of common stock may include: 1. Firm Commitment Agreement: In a firm commitment agreement, the underwriter commits to purchase the entire offering of shares from Tel axis Communications Corp. This type of agreement provides more certainty for the issuer, as it guarantees the sale of all shares and the funds raised. 2. The Best Efforts Agreement: In the best efforts' agreement, the underwriter agrees to make their best efforts to sell the shares on behalf of Tel axis Communications Corp., but does not guarantee the sale of all shares. The underwriter may return any unsold shares to the issuer. This type of agreement puts more risk on the issuer but allows for more financial flexibility. It is important to consult the actual agreements and legal documentation for a comprehensive understanding of the terms and conditions specific to the Virgin Islands Underwriting Agreement between Tel axis Communications Corp. and Credit Suisse First Boston Corp.