Common use of Terms of the Offering Clause in Contracts

Terms of the Offering. The Offering is being made on a “best efforts, all or none” basis with respect to the first 40 Units, and, thereafter, on a “best efforts only” basis until the remaining 60 Units are sold, the Company terminates the Offering, which it can do in its complete discretion at any time, or the Offering Period, as hereinafter defined, expires, whichever occurs first (the “Termination Date”). Unless at least 40 Units (the “Minimum”) are sold on or before June 30, 2020, or September 30, 2020 if extended by the Company and the Placement Agent (the “Offering Period”) and paid for with collected funds received in escrow as noted in the next succeeding paragraph within two Business Days thereafter, the Offering will terminate and all funds collected from subscribers will be promptly returned to them without interest thereon or deduction therefrom. A “

Terms of the Offering. The Offering is being made on a “best efforts, all or none” basis with respect to the first 40 four Units, and, thereafter, on a “best efforts only” basis until the remaining 60 16 Units are sold, the Company terminates the Offering, which it can do in its complete discretion at any time, or the Offering Period, as hereinafter defined, expires, whichever which ever occurs first (the “Termination Date”). Unless at least 40 four Units (the “Minimum”) are sold on or before June 30May 31, 20202017, or September 30June 9, 2020 2017 if extended by the Company and the Placement Agent (the “"Offering Period”") and paid for with collected funds received in escrow as noted in the next succeeding paragraph within two Business Days thereafter, the Offering will terminate and all funds collected from subscribers will be promptly returned to them without interest thereon or deduction therefrom. A “

Terms of the Offering. The Offering is being made on a “best efforts, all or none” basis with respect to the first 40 thirty Units, and, thereafter, on a “best efforts only” basis until the remaining 60 45 Units are sold, the Company terminates the Offering, which it can do in its complete discretion at any time, or the Offering Period, as hereinafter defined, expires, whichever occurs first (the “Termination Date”). Unless at least 40 twenty Units (the “Minimum”) are sold on or before June 30March 15, 20202018, or September 30April 15, 2020 2018 if extended by the Company and the Placement Agent (the “Offering Period”) and paid for with collected funds received in escrow as noted in the next succeeding paragraph within two Business Days thereafter, the Offering will terminate and all funds collected from subscribers will be promptly returned to them without interest thereon or deduction therefrom. A “will