Underwriter’s Sole Discretion. The Company and the Selling Shareholders acknowledge and agree that the Underwriter shall have sole discretion with respect to the allocation of Shares to be sold to the public in the offering contemplated by this Agreement. Without limiting the generality of the foregoing, the identification of Referred Investors, if any, by the Company shall not constitute a “directed share program” and the Underwriter shall have no obligation to reserve any number of Shares for sale in the offering to Referred Investors. Other than providing the identity and contact information of the Referred Investors to the Underwriter, the Company has not and will not directly or indirectly (other than through the Underwriter) distribute any offering material or otherwise engage in activities that constitute an offer of Shares to Referred Investors.
