Common use of Description of Transaction Clause in Contracts

Description of Transaction. The Company proposes to issue and sell to the Underwriters on the Closing Date (as defined below), pursuant to the terms and conditions of this Agreement, an aggregate of ___________ shares ("Firm Shares") of the Company's Common Stock ("Common Stock") at a price of $_______ per Share on the terms as hereinafter set forth. The Company also proposes to issue and sell to the several Underwriters on or after the Closing Date not more than ___________ additional Shares if requested by the Representative as provided in Section 3.2 of this Agreement (the "Option Shares"). The Firm Shares and any Option Shares are collectively referred to herein as the "Shares."

Description of Transaction. The Company proposes to issue and sell to the Underwriters on the Closing Date (as defined below), pursuant to the terms and conditions of this Agreement, an aggregate of ___________ 1,150,000 shares ("Firm Shares") of the Company's Common Stock ("Common Stock") at a price of $_______ 5.00 per Share on the terms as hereinafter set forth. The Company also proposes to issue and sell to the several Underwriters on or after the Closing Date not more than ___________ 150,000 additional Shares if requested by the Representative as provided in Section 3.2 of this Agreement (the "Option Shares"). The Firm Shares and any Option Shares are collectively referred to herein as the "Shares."

Description of Transaction. The Company proposes to issue and sell to the Underwriters on the Closing Date (as defined below), pursuant to the terms and conditions of this Agreement, an aggregate of ___________ 1,200,000 shares ("Firm Shares") of the Company's Common Stock ("Common Stock") at a price of $_______ 5.00 per Share on the terms as hereinafter set forth. The Company also proposes to issue and sell to the several Underwriters on or after the Closing Date not more than ___________ 180,000 additional Shares if requested by the Representative Representatives as provided in Section 3.2 3.02 of this Agreement (the "Option Shares"). The Firm Shares and any Option Shares are collectively referred to herein as the "Shares."