Common use of Type of Offering Clause in Contracts

Type of Offering. Exemptions: The Offering will be conducted as a self-underwritten S-1 registration as required by the Securities Act, pursuant to the provisions of the Securities and Exchange Commission ("SEC"). Investors will be required to subscribe ("Subscribers") for the Common Stock by executing the appropriate subscription agreement (the "Subscription Agreement") in the forms set forth in a Registration Statement to be completed by the Company and exhibits thereto, as the same may be supplemented or amended from time to time.