Sub-Agency Relationship Sample Clauses

Sub-Agency Relationship. P▇▇▇▇▇▇ understands that all offers to purchase Securities are subject to acceptance by the Company in its sole discretion, that any fee payable to P▇▇▇▇▇▇ herein is dependent upon AGENT's right to receive compensation from the Company pursuant to the Placement Agency Agreement. Nothing herein shall serve to cause P▇▇▇▇▇▇ to become or constitute a partner or joint venturer or form any other relationship with AGENT, other than as a sub-agent specified herein. AGENT represents that it is currently authorized under the terms of the Placement Agency Agreement to engage and compensate selected dealer(s) (directly or by direction to the Company, which shall be binding on the Company, as the case may be), under this Agreement in connection with the Offering. The terms of the Placement Agency Agreement are incorporated herein and made part of this Agreement.