Description of the Securities. The Securities and the Indenture will conform in all material respects to the respective statements relating thereto contained in the Prospectus and will be in substantially the respective forms filed or incorporated by reference, as the case may be, as exhibits to the Registration Statement.
Description of the Securities. The Common Stock conforms in all material respects to all statements relating thereto contained in the Registration Statement, the General Disclosure Package and the Prospectus and such description conforms in all material respects to the rights set forth in the instruments defining the same; no holder of the Securities will be subject to personal liability solely by reason of being such a holder.
Description of the Securities. The Securities conform to all statements relating thereto contained or incorporated by reference in the Registration Statement, the General Disclosure Package and the Prospectus and such description conforms to the rights set forth in the instruments defining the same.
Description of the Securities. The Common Stock conforms in all material respects to the description thereof contained in the Prospectus.
Description of the Securities. The Securities, conform in all material respects to the descriptions thereof contained in the Disclosure Package and the Prospectus.
Description of the Securities. The Securities will conform in all material respects to all statements relating thereto in the Prospectus and the General Disclosure Package and no holder of the Securities will be subject to personal liability for any obligation of the Company by reason of being such a holder. The issuance of the Securities is not subject to any preemptive or similar rights, other than such rights as have been satisfied or duly and validly waived.
Description of the Securities. The Depositary Shares and the Underlying Preferred Shares will conform in all material respects to the respective statements relating thereto contained in the Registration Statement, the General Disclosure Package and the Prospectus.
Description of the Securities. The Company proposes to issue and sell (the “Offering”) a minimum of 1,500,000 and a maximum of up to 3,000,000 Units (the “Units”) of the Company’s securities, each Unit comprising one share of its common stock (the “Shares”) and one redeemable warrant to purchase one share of common stock (the “Warrants”), pursuant to the terms of a Registration Statement on Form SB-2 (the “Registration Statement”) filed with the Securities and Exchange Commission (“SEC”) on December 27, 2006 and any pre- and post-effective amendments and supplements thereto. Except as otherwise provided herein, the Company hereby appoints the Underwriter its exclusive (managing) agents to sell the Units, subject to the terms and provisions of this Agreement, on a “best efforts, minimum/maximum” basis.
Description of the Securities. The statements made in the Registration Statement, the General Disclosure Package and the Prospectus under the heading “Description of Common Stock” insofar as they purport to constitute summaries of the terms of the Securities, constitute accurate summaries of the terms of such documents in all material respects.
Description of the Securities. (a) The Common Stock. ---------------- Each share of Common Stock will be offered for sale to the public at an anticipated price of $7.00 per share with a minimum number of shares equal to sum of $8,000,000 up to a maximum number of shares equal to $12,000,000. The Offering does not have an expiration date, and there are no minimum purchase requirements. Number of shares offered to the public represents approximately twenty percent (20%) of the total number of outstanding shares of Common Stock.
