Common use of Description of the Securities Clause in Contracts

Description of the Securities. The Company proposes to issue and sell (the “Offering”) a minimum of 1,500,000 and a maximum of up to 3,000,000 Units (the “Units”) of the Company’s securities, each Unit comprising one share of its common stock (the “Shares”) and one redeemable warrant to purchase one share of common stock (the “Warrants”), pursuant to the terms of a Registration Statement on Form SB-2 (the “Registration Statement”) filed with the Securities and Exchange Commission (“SEC”) on December 27, 2006 and any pre- and post-effective amendments and supplements thereto. Except as otherwise provided herein, the Company hereby appoints the Underwriter its exclusive (managing) agents to sell the Units, subject to the terms and provisions of this Agreement, on a “best efforts, minimum/maximum” basis.

Appears in 2 contracts

Samples: Underwriting Agreement (Us Dry Cleaning Corp), Underwriting Agreement (Us Dry Cleaning Corp)

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Description of the Securities. The Company proposes to issue and sell (the “Offering”) a minimum of 1,500,000 and a maximum of up to 3,000,000 Units (the “Units”) of the Company’s securities, each Unit comprising one share of its common stock Common Stock (the “Shares”) and one redeemable warrant to purchase one share of common stock (the “Warrants”), pursuant to the terms of a Registration Statement on Form SB-2 (the “Registration Statement”) filed with the Securities and Exchange Commission (“SEC”) on December 27, 2006 2006, and any pre- and post-effective amendments and supplements thereto. Except as otherwise provided herein, the Company hereby appoints the Underwriter Underwriters its exclusive (managing) agents to sell the Units, subject to the terms and provisions of this Agreement, on a “best efforts, minimum/maximum” basis.

Appears in 1 contract

Samples: Underwriting Agreement (Us Dry Cleaning Corp)

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