Common use of Representative Shares Clause in Contracts

Representative Shares. The Company hereby agrees to issue to the Representative (and/or its designees) on or prior to the Closing Date 37,500 (or 43,125 if the Over-Allotment Option is exercised) shares of Common Stock (the “Representative Shares”) pursuant to a Representative Share Purchase Letter Agreement (the “Representative Share Agreement”) for nominal consideration.

Representative Shares. The Company hereby agrees to issue to the Representative (and/or its designees) on or prior to the Closing Date 37,500 100,000 (or 43,125 115,000 if the Over-Allotment Option is exercised) shares of Common Stock (the “Representative Shares”) pursuant to a Representative Share Purchase Letter Agreement (the “Representative Share Agreement”) for nominal consideration.

Representative Shares. The Company hereby agrees to shall issue to the Representative (and/or its designees) (i) on or prior the Closing Date, 50,000 shares of Common Stock as additional underwriting compensation (the “Representative Shares”) and (ii) on the Option Closing Date (if any), up to an additional 7,500 Representative Shares on a pro rata basis if and to the Closing Date 37,500 (or 43,125 if extent the Over-Allotment Option is exercised) shares of Common Stock (the “Representative Shares”) pursuant to a Representative Share Purchase Letter Agreement (the “Representative Share Agreement”) for nominal consideration.

Representative Shares. The Company hereby agrees to issue to the Representative (and/or its designees) on or prior to the Closing Date 37,500 110,000 (or 43,125 126,500 if the Over-Allotment Option is exercised) shares of Common Stock (the “Representative Shares”) pursuant to a Representative Share Purchase Letter Agreement (the “Representative Share Agreement”) for nominal consideration.