Examples of Excluded Offering in a sentence
By example, if during Phase I-A the Company has issued to the Purchaser 100,000 shares at US$0.30 per share for US$30,000, and then the Company issues during Phase I-A shares at US$0.20 per share other than in an Excluded Offering, the Company would issue an additional 50,000 shares to the Purchaser (US$30,000/US$0.20 = 150,000 shares, less 100,000 shares).
Out of the proceeds of each Closing, other than in an Excluded Offering, the Company also agrees to pay Xxxxxxxxxx a non-accountable expense allowance of the greater of (a) 1% of the gross proceeds raised in such Offering and (b) $50,000 (provided, however, that such reimbursement amount in no way limits or impairs the indemnification and contribution provisions of this Agreement).
In the event Borrower proposes to conduct an offering (other than an Excluded Offering) after the Closing Date, whether by means of a private placement, underwritten offering or other offering, Borrower shall give Lenders not less than 20 days’ advance written notice of the proposed offering, including a description of the securities, the price per share or other unit, the plan of distribution and date of commencement.
Notwithstanding the foregoing, Xxxxxxxxxx shall not be entitled to any fee for any proceeds received from any Excluded Offering.
During Xxxxxxxxxx’x engagement hereunder: (i) the Company will not, and will not permit its representatives to, other than in coordination with Xxxxxxxxxx, contact or solicit institutions, corporations or other entities or individuals as potential purchasers of the Securities, other than in connection with any potential Excluded Offering and (ii) the Company will not pursue any financing transaction, other than any Excluded Offering, which would be in lieu of an Offering.