Appointment of the Managing Broker-Dealer. 1.1 On the basis of the representations, warranties, and covenants herein contained, but subject to the terms and conditions herein set forth, the Issuer hereby appoints the Managing Broker Dealer as its agent and managing broker dealer for the purpose of selling the Securities on a “best efforts” basis and to solicit purchasers for the Securities at the price to be paid and otherwise upon the terms and conditions set forth in the Offering Circular. The Managing Broker Dealer shall solicit purchasers for the Securities through an offering exempt from registration pursuant to: (i) Tier II of Regulation A promulgated under the Securities Act of 1933, as amended (the “Securities Act”), and (ii) applicable state blue sky exemptions.
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Samples: Managing Broker Dealer Agreement (Manufactured Housing Properties Inc.), Managing Broker Dealer Agreement (Manufactured Housing Properties Inc.), Managing Broker Dealer Agreement (Manufactured Housing Properties Inc.)
