Consideration; Payment of Expenses. (a) In consideration of the services to be provided for hereunder, the Company shall pay to the Underwriters or their respective designees their pro rata portion (based on the Securities purchased) of the following compensation with respect to the Securities which they are offering: (i) An underwriting discount equal to eight percent (8%) of the aggregate gross proceeds raised in the Offering, and (ii) a non-accountable expense allowance of one and one-half percent (1.5%) of the gross proceeds of the Offering.
Appears in 2 contracts
Samples: Underwriting Agreement (Cornerstone Management, Inc.), Underwriting Agreement (Cornerstone Management, Inc.)
Consideration; Payment of Expenses. (a) In consideration of the services to be provided for hereunder, the Company shall pay to the Underwriters or their respective designees their pro rata portion (based on the Securities Shares purchased) of the following compensation with respect to the Securities which they are offering:
compensation: (i) An an underwriting discount equal to eight of ____ percent (8%) of the aggregate gross proceeds raised in the Offering, and
(ii) a non-accountable expense allowance of one and one-half percent (1.5____%) of the gross proceeds of the Offering.; and
Appears in 1 contract
Consideration; Payment of Expenses. (a) In consideration of the services to be provided for hereunder, the Company shall pay to the Underwriters or their respective designees their pro rata portion (based on the Securities purchased) of the following compensation with respect to the Securities which they are offering:
(i) An underwriting discount equal to eight percent (8%) of the aggregate gross proceeds raised in the Offering, and
(ii) and a non-accountable expense allowance of one and one-half percent (1.5%) of the gross proceeds of the Offering.
(ii) Intentionally omitted.
Appears in 1 contract