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EXHIBIT 1.3
SELECTED DEALERS AGREEMENT (FORM)
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LUMINEX LIGHTING, INC.
500,000 Shares of Common Stock
and
500,000 Redeemable Common Stock Purchase Warrants
SELECTED DEALERS AGREEMENT
_____________ ___, 1998
Dear Sirs:
1. We have agreed to use our best efforts to sell an aggregate of
500,000 shares ("Shares") of common stock, no par value per share (the "Common
Stock"), and 500,000 redeemable common stock purchase warrants (the "Warrants")
of LUMINEX LIGHTING, INC. (the "Company") (said 500,000 shares of Common Stock
and 500,000 Warrants being collectively called the "Securities"), on a "best
efforts, minimum 250,000 Shares and 250,000 Warrants, maximum 500,000 Shares and
500,000 Warrants" basis as selling agent for the Company.
2. The Securities are to be offered to the public by the Company
through Platinum Equities, Inc. (the "Underwriter") at a price of $5.50 per
share of Common Stock and $.10 per Warrant (the "Public Offering Price"), in
accordance with the terms of offering thereof set forth in the Prospectus.
3. We are offering, subject to the terms and conditions hereof, a
portion of the Securities for sale to certain dealers who are actually engaged
in the investment banking or securities business and who are either (i) members
in good standing of the National Association of Securities Dealers, Inc. (the
"NASD") or (ii) dealers with their principal places of business located outside
the United States, its territories and its possessions and not registered as
brokers or dealers under the Securities Exchange Act of 1934, as amended (the
"1934 Act") who have agreed not to make any sales within the United States, its
territories and its possessions or to persons who are nationals thereof or
residents therein (such dealers who shall agree to purchase Units hereunder
being herein called "Selected Dealers"). The Selected Dealers have agreed to
comply with the provisions of Rule 2740 of the NASD Conduct Rules, and, if any
such dealer is a foreign dealer and not a member of the NASD, such Selected
Dealer also has agreed to comply with the NASD's interpretation with respect to
free-riding and withholding, and to comply, as though it were a member of the
NASD, with the provisions of Rules 2730 and 2750 of the NASD Conduct Rules. The
Underwriter may be included among the Selected Dealers.
4. In accordance with the terms of Section 4(a) of the Underwriting
Agreement, you shall be paid a Selected Dealers' concession of $0.25 per share
for each share of Common Stock and $0.005 per Warrant for each Warrant the
subscription for which was obtained by you. Payment will be made promptly after
the closing of the sale of the Securities. In the event that the sale of
Securities for which you have solicited a subscription shall not occur, whether
by reason of the failure of any condition specified herein or in the
Underwriting Agreement, rejection of the subscription by the Company or by us,
or otherwise, no commission in respect thereof shall be due. Commissions will be
payable only with respect to transactions lawful in the jurisdictions where they
occur. All subscriptions solicited by you will be subject to acceptance by us
and by the Company and we reserve the right in our sole discretion to reject any
such subscription, to accept or reject subscriptions in the order of their
receipt by the Company or otherwise, and to allot.
5. We shall have full authority to take such action as we may deem
advisable in respect of all matters pertaining to the public offering of the
Securities.
6. If you desire to act as a Selected Dealer with respect to the
Securities, your application should reach us promptly by telephone or telegraph
at 00 Xxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000, Attention: Syndicate
Department, Telephone Number (000) 000-0000. The Securities allotted to you will
be confirmed, subject to the terms and conditions of this Agreement.
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7. a Payment for the Securities is to be made at the aggregate
Public Offering Price by a certified or official bank check in current New York
Clearing House funds, payable to the order of "American Stock Transfer & Trust
Company, as Escrow Agent for the benefit of subscribers for Luminex Lighting,
Inc.," for the full public offering price of the Securities, without any
deduction whatsoever. Such check shall be mailed or delivered to the offices of
American Stock Transfer & Trust Company, 00 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx
00000, and shall be accompanied by appropriate delivery instructions. All such
funds shall be held in such escrow account pending sale of 250,000 shares of
Common Stock and 250,000 Warrants to be sold on behalf of the Company.
Subscription proceeds for the offering shall be transmitted to persons entitled
thereto by 12:00 P.M. of the next business day following receipt, pursuant to
SEC staff interpretation of Rule 15(c)2-4 under the 1934 Act. In the event that
at least 250,000 of shares of Common Stock and 250,000 Warrants are sold and
paid for, we shall pay you the Selected Dealers' concession, as set forth in
Section 4 herein, due to you within a reasonable period of time after each
Closing Date. The certificates representing the shares of Common stock and
Warrants sold by you will be delivered, in accordance with your subscribers'
delivery instructions, at or within a reasonable period of time after the
Closing Date.
b In the event that less than 250,000 shares of Common
Stock and 250,000 Warrants are sold and paid for, it is understood and agreed
that you shall not be entitled to any Selected Dealers' concession, payment or
commission whatsoever, regardless of the number of shares of Common Stock and
Warrants sold by you on behalf of the Company, and the Escrow Agent shall return
to you the full amount received from you and you shall promptly return to your
respective subscribers who have paid for the Common Stock and Warrants the full
payment received from them without deduction.
8. The Agreement will terminate when we shall have determined that
the public offering of the Securities has been completed and upon telegraphic
notice to you of such termination, but, if not theretofore terminated, this
Agreement will terminate at the close of business on the 120th day after the
date hereof; provided, however, that the Company and we shall have the right to
extend such provisions for a further 30 day-period, upon notice to you.
9. On becoming a Selected Dealer, and in offering and selling the
Securities, you agree to comply with all the applicable requirements of the
Securities Act of 1933, as amended (the "1933 Act"), and the 1934 Act. You
confirm that you are familiar with Rule 15c2-8 under the 1934 Act relating to
the distribution of preliminary and final prospectuses for securities of an
issuer (whether or not the issuer is subject to the reporting requirements of
Sections 13 or 15(d) of the 0000 Xxx) and confirm that you have complied and
will comply therewith.
We hereby confirm that we will make available to you such
number of copies of the Prospectus (as amended or supplemented) as you may
reasonably request for the purposes contemplated by the 1933 Act or the 1934
Act, or the Rules and Regulations thereunder.
10. The privilege of acting as a Selected Dealer with respect to the
Securities is extended to you only to the extent that you, as a Selected Dealer,
may lawfully sell the Securities to dealers in your state.
11. Upon request, you will be informed as to the states and other
jurisdictions in which we have been advised that the Securities have been
qualified for sale under the respective securities or blue sky laws of such
states and other jurisdictions, but we assume no obligation or responsibility as
to the right of any Selected Dealer to sell the Securities in any state or other
jurisdiction or as to the eligibility of the Securities for sale therein. We
will, if requested, file a Further State Notice in respect of the Securities
pursuant to Article 23-A of the General Business Law of the State of New York.
12. No Selected Dealer is authorized to act on the Company's behalf
in offering or selling the Securities to the public or otherwise or to furnish
any information or make any representation except as contained in the
Prospectus.
13. No Selected Dealer is authorized to act as our agent, or
otherwise to act on our behalf, in offering or selling the Securities to the
public or otherwise, it being understood that you and each other Selected Dealer
are acting on behalf of the Company as an independent contractor and are not an
agent of ours or empowered to in any way bind or obligate us.
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14. Nothing will constitute the Selected Dealers an association or
other separate entity or partners with the Underwriter, or with each other, but
you will be responsible for your share of any liability or expense based on any
claim to the contrary. We shall not be under any liability for or in respect of
value, validity or form of the shares of Common Stock and Warrants, or the
delivery of the certificates for the shares of Common Stock and Warrants or the
performance by anyone of any agreement on its part, or the qualification of the
Securities for sale under the laws of any jurisdiction, or for or in respect of
any other matters relating to this Agreement and no obligation on our part shall
be implied herefrom. The foregoing provisions shall not be deemed a waiver of
any liability imposed under the 1933 Act.
15. Notices to us should be addressed to Platinum Equities, Inc., 00
Xxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000 Attention: Syndicate
Department. Notice to you shall be deemed to have been duly given if telegraphed
or mailed to you at the address to which this letter is addressed.
16. If you desire to purchase any Securities, please confirm your
application by signing and returning to us your confirmation on the duplicate
copy of this letter enclosed herewith, even though you may have previously
advised us thereof by telephone or telegraph. Our signature hereon may be by
facsimile.
Very truly yours,
PLATINUM EQUITIES, INC.
By:________________________________
Authorized Officer
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Platinum Equities, Inc.
00 Xxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
We hereby agree to use our best efforts to sell the shares
of Common Stock and Warrants of LUMINEX LIGHTING, INC., in accordance with the
terms and conditions stated in the foregoing letter. We hereby acknowledge
receipt of the Prospectus referred to in the second paragraph thereof relating
to said Securities. We further state that in purchasing said Securities we have
relied upon said Prospectus and upon no other statement whatsoever, whether
written or oral. We confirm that we are a dealer actually engaged in the
investment banking or securities business and that we are either (i) a member in
good standing of the National Association of Securities Dealers, Inc. (the
"NASD") or (ii) a dealer with its principal place of business located outside
the United States, its territories and its possessions and not registered as a
broker or dealer under the Securities Exchange Act of 1934, as amended, who
hereby agrees not to make any sales within the United States, its territories
and its possessions or persons who are nationals thereof or residents therein.
We hereby agree to comply with the provisions of Rule 2740 of the NASD Conduct
Rules, and if we are a foreign dealer and not a member of the NASD, we also
agree to comply with the NASD's interpretation with respect to free-riding and
withholding, and to comply, as though we were a member of the NASD, with the
provisions of Rules 2730 and 2750 of the NASD Conduct Rules.
___________________________________
By:________________________________
Authorized Officer
Address:___________________________
___________________________________
Dated:____________________________
