Common use of Directed Shares Clause in Contracts

Directed Shares. It is understood that approximately [40,000] shares of the Initial Shares ("Directed Shares") initially will be reserved by the Underwriters for offer and sale to employees and persons having business relationships with the Company ("Directed Share Participants") upon the terms and conditions set forth in both the Prospectus and the Disclosure Package and in accordance with the rules and regulations of the National Association of Securities Dealers, Inc. (the "NASD") (the "Directed Share Program"). Under no circumstances will the Representatives or any Underwriter be liable to the Company or to any Directed Share Participant for any action taken or omitted to be taken in good faith in connection with such Directed Share Program. To the extent that any Directed Shares are not affirmatively reconfirmed for purchase by any Directed Share Participant on or immediately after the date of this Agreement, such Directed Shares may be offered to the public as part of the public offering contemplated herein.

Directed Shares. It is understood that approximately [40,000[ • ] shares of the Initial Shares (the "Directed Shares") initially will be reserved by the Underwriters for offer and sale to eligible directors, employees and persons having business relationships with the Company ("Directed Share Participants") upon the terms and conditions set forth in both the Prospectus and the Disclosure Package and in accordance with the rules and regulations of the National Association of Securities Dealers, Inc. (the "NASD") (the "Directed Share Program"). Under no circumstances will the Representatives or any Underwriter be liable to the Company or to any Directed Share Participant for any action taken or omitted to be taken in good faith in connection with such Directed Share Program. To the extent that any Directed Shares are not affirmatively reconfirmed for purchase by any Directed Share Participant on or immediately after the date of this Agreement, such Directed Shares may be offered to the public as part of the public offering contemplated herein.

Directed Shares. It As part of the offering contemplated by this Agreement, it is understood that approximately [40,000] shares of the Initial Firm Shares ("the “Directed Shares"”) initially will be reserved by the Underwriters for offer and sale to employees the Company’s directors, officers, employees, and other persons having business relationships with whom or which the Company has a business relationship ("Directed Share collectively, “Participants") ”), upon the terms and conditions set forth in both the Prospectus and under the Disclosure Package and in accordance with the rules and regulations of the National Association of Securities Dealers, Inc. heading “Underwriting” (the "NASD") (the "“Directed Share Program"”). Under no circumstances will the Representatives or any Underwriter be liable to the Company or to any Directed Share Participant for any action taken or omitted to be taken in good faith in connection with such the Directed Share Program. To the extent that any Directed Shares are not affirmatively reconfirmed for purchase by any Directed Share Participant on or immediately after the date of this Agreement, such Directed Shares may be offered to the public as part of the public offering contemplated herein.

Directed Shares. It is understood that approximately [40,000] 500,000 shares of the Initial Shares (the "Directed Shares") initially will be reserved by the Underwriters for offer and sale to employees and persons having business relationships with the Company and/or NCIC their respective affiliates (the "Directed Share Participants") upon the terms and conditions set forth in both the Prospectus and the Disclosure Package and in accordance with the rules and regulations of the National Association of Securities Dealers, Inc. (the "NASD") (the "Directed Share Program"). Under no circumstances will the Representatives or any Underwriter be liable to the Company or to any Directed Share Participant for any action taken or omitted to be taken in good faith in connection with such Directed Share Program. To the extent that any Directed Shares are not affirmatively reconfirmed confirmed for purchase by any Directed Share Participant on or immediately after the date of this Agreement, such Directed Shares may be offered to the public as part of the public offering of the Shares contemplated herein.

Directed Shares. It is understood that approximately [40,000[ ] shares of the Initial Shares ("“Directed Shares"”) initially will be reserved by the Underwriters for offer and sale to directors, officers, existing shareholders of the Company, employees and persons having business relationships with the Company ("“Directed Share Participants"”) upon the terms and conditions set forth in both the Prospectus and the Disclosure Package and in accordance with the rules and regulations of the National Association of Securities DealersFinancial Industry Regulatory Authority, Inc. (the "NASD"“FINRA”) (the "“Directed Share Program"”). Under no circumstances will the Representatives Representative or any Underwriter be liable to the Company or to any Directed Share Participant for any action taken or omitted to be taken in good faith in connection with such Directed Share Program. To the extent that any Directed Shares are not affirmatively reconfirmed for purchase by any Directed Share Participant on or immediately after the date of this Agreement, such Directed Shares may be offered to the public as part of the public offering contemplated herein.

Directed Shares. It is understood that approximately [40,000] shares of the Initial Shares ("“Directed Shares"”) initially will be reserved by the Underwriters for offer and sale to officers, directors, employees and persons having business other individuals who have family or personal relationships with the employees of the Company ("“Directed Share Participants"”) upon the terms and conditions set forth in both the Prospectus and the Disclosure Package and in accordance with the rules and regulations of the National Association of Securities Dealers, Inc. (the "NASD") (the "“NASD”)(the “Directed Share Program"”). Under no circumstances will the Representatives or any Underwriter be liable to the Company or to any Directed Share Participant for any action taken or omitted to be taken in good faith in connection with such Directed Share Program. To the extent that any Directed Shares are not affirmatively reconfirmed for purchase by any Directed Share Participant on or immediately after the date of this Agreement, such Directed Shares may be offered by the Underwriters to the public as part of the public offering contemplated herein.

Directed Shares. It is understood that approximately [40,000] __________ shares of the Initial Shares ("Directed Shares") initially will be reserved by the Underwriters for offer and sale to employees and persons having business relationships with the Company ("Directed Share Participants") upon the terms and conditions set forth in both the Prospectus and the Disclosure Package and in accordance with the rules and regulations of the National Association of Securities Dealers, Inc. (the "NASD") (), referred to herein as the "Directed Share Program"). ." Under no circumstances will the Representatives or any Underwriter be liable to the Company or to any Directed Share Participant for any action taken or omitted to be taken in good faith in connection with such the Directed Share Program. To the extent that any Directed Shares are not affirmatively reconfirmed for purchase by any Directed Share Participant on or immediately after the date of this Agreement, such the Directed Shares may be offered to the public as part of the public offering contemplated herein.

Directed Shares. It is understood that approximately [40,000] xxxxxxxmately __________ shares of the Initial Shares ("Directed Shares") initially will be reserved by the Underwriters for offer and sale to employees officers, employees, directors and related persons having business relationships with the Company ("Directed Share Participants") upon the terms and conditions set forth in both the Prospectus and the Disclosure Package and in accordance with the rules and regulations of the National Association of Securities Dealers, Inc. (the "NASD") (" and such program for such offer and sale, the "Directed Share Program"). Under no circumstances will the Representatives Representative or any Underwriter be liable to the Company or to any Directed Share Participant for any action taken or omitted to be taken in good faith in connection with such Directed Share Program. To the extent that any Directed Shares are not affirmatively reconfirmed for purchase by any Directed Share Participant on or immediately after the date of this Agreement, such Directed Shares may be offered to the public as part of the public offering contemplated herein.

Directed Shares. It is understood that approximately [40,000] shares of the Initial Firm Shares ("“Directed Shares"”) initially will be reserved by the Underwriters for offer and sale to employees and persons having business relationships with the Company ("“Directed Share Participants"”) upon the terms and conditions set forth in both the Prospectus and the Disclosure Package and in accordance with the rules and regulations of the National Association of Securities Dealers, Inc. NASD (the "NASD") (the "“Directed Share Program"”). The Directed Shares shall be subject to the underwriters’ discount and commissions provided for on the cover page of the Prospectus. Under no circumstances will the Representatives Representative or any Underwriter be liable to the Company or to any Directed Share Participant for any action taken or omitted to be taken in good faith in connection with such Directed Share Program. To the extent that any Directed Shares are not affirmatively reconfirmed for purchase by any Directed Share Participant on or immediately after the date of this Agreement, such Directed Shares may be offered to the public as part of the public offering contemplated herein.

Directed Shares. It is understood that approximately [40,000] 340,000 shares of the Initial Shares ("“Directed Shares"”) initially will be reserved by the Underwriters for offer and sale to officers, directors, employees and persons having business other individuals who have family or personal relationships with the employees of the Company ("“Directed Share Participants"”) upon the terms and conditions set forth in both the Prospectus and the Disclosure Package and in accordance with the rules and regulations of the National Association of Securities Dealers, Inc. (the "NASD") (the "“NASD”)(the “Directed Share Program"”). Under no circumstances will the Representatives or any Underwriter be liable to the Company or to any Directed Share Participant for any action taken or omitted to be taken in good faith in connection with such Directed Share Program. To the extent that any Directed Shares are not affirmatively reconfirmed for purchase by any Directed Share Participant on or immediately after the date of this Agreement, such Directed Shares may be offered by the Underwriters to the public as part of the public offering contemplated herein.

Directed Shares. It is understood that approximately [40,000] 159,090 shares of the Initial Shares ("“Directed Shares"”) initially will be reserved by the Underwriters for offer and sale to directors, officers, existing shareholders of the Company, employees and persons having business relationships with the Company ("“Directed Share Participants"”) upon the terms and conditions set forth in both the Prospectus and the Disclosure Package and in accordance with the rules and regulations of the National Association of Securities DealersFinancial Industry Regulatory Authority, Inc. (the "NASD"“FINRA”) (the "“Directed Share Program"”). Under no circumstances will the Representatives Representative or any Underwriter be liable to the Company or to any Directed Share Participant for any action taken or omitted to be taken in good faith in connection with such Directed Share Program. To the extent that any Directed Shares are not affirmatively reconfirmed for purchase by any Directed Share Participant on or immediately after the date of this Agreement, such Directed Shares may be offered to the public as part of the public offering contemplated herein.

Directed Shares. It is understood that approximately [40,0001,000,000] shares of the Initial Shares ("“Directed Shares"”) initially will be reserved by the Underwriters for offer and sale to officers, directors, employees and persons having business relationships with shareholders of the Company Company, or their affiliates ("“Directed Share Participants") ”), upon the terms and conditions set forth in both the Prospectus and the Disclosure Package and in accordance with the rules and regulations of the National Association of Securities Dealers, Inc. Financial Industry Regulatory Authority (the "NASD") (the "“Directed Share Program"”). Under no circumstances will the Representatives Representative or any Underwriter be liable to the Company or to any Directed Share Participant for any action taken or omitted to be taken in good faith in connection with such Directed Share Program. To the extent that any Directed Shares are not affirmatively reconfirmed for purchase by any Directed Share Participant on or immediately after the date of this Agreement, such Directed Shares may be offered to the public as part of the public offering contemplated herein.

Directed Shares. It is understood that approximately [40,000] 100,000 shares of the Initial Shares ("Directed Shares") will initially will be reserved by the Underwriters for offer and sale to employees the Company's directors, officers and persons having business relationships with their affiliates and to affiliates of the Company ("Directed Share Participants") upon the terms and conditions set forth in both the Prospectus and the Disclosure Package and in accordance with the rules and regulations of the National Association of Securities Dealers, Inc. (the "NASD") (the "Directed Share Program"). Under no circumstances will the Representatives or any Underwriter be liable to the Company or to any Directed Share Participant for any action taken or omitted to be taken in good faith in connection with such Directed Share Program. To the extent that any Directed Shares are not affirmatively reconfirmed for purchase by any Directed Share Participant on or immediately after the date of this Agreement, such Directed Shares may be offered to the public as part of the public offering contemplated herein.

Directed Shares. It is understood that up to 75,000 shares of Common Stock, representing approximately [40,000] shares 2% of the Initial Shares ("Directed Shares") initially will be reserved by the Underwriters for offer and sale to employees employees, directors, family members, friends and certain other persons having business relationships with the Company ("Directed Share Participants") upon the terms and conditions set forth in both the Prospectus and the Disclosure Package and in accordance with the rules and regulations of the National Association of Securities Dealers, Inc. (the "NASD") (the "Directed Share Program"). Under no circumstances will the Representatives Representative or any Underwriter be liable to the Company or to any Directed Share Participant for any action taken or omitted to be taken in good faith in connection with such Directed Share Program. To the extent that any Directed Shares are not affirmatively reconfirmed for purchase by any Directed Share Participant on or immediately after the date of this Agreement, such Directed Shares may be offered to the public as part of the public offering contemplated herein.

Directed Shares. It is understood that approximately [40,000] 100,000 shares of the Initial Shares ("“Directed Shares"”) initially will be reserved by the Underwriters for offer and sale to directors, officers, employees and persons having business relationships with the Company ("“Directed Share Participants"”) upon the terms and conditions set forth in both the Prospectus and the Disclosure Package and in accordance with the rules and regulations of the National Association of Securities Dealers, Inc. Financial Industry Regulatory Authority (the "NASD") (the "“Directed Share Program"”). Under no circumstances will the Representatives or any Underwriter be liable to the Company or to any Directed Share Participant for any action taken or omitted to be taken in good faith in connection with such Directed Share Program. To the extent that any Directed Shares are not affirmatively reconfirmed for purchase by any Directed Share Participant on or immediately after the date of this Agreement, such Directed Shares may be offered to the public as part of the public offering contemplated herein.

Directed Shares. It is understood that approximately [40,000] xxxxxxxxately 500,000 shares of the Initial Shares ("Directed Shares") initially will be reserved by the Underwriters for offer and sale to employees officers, employees, directors and related persons having business relationships with the Company ("Directed Share Participants") upon the terms and conditions set forth in both the Prospectus and the Disclosure Package and in accordance with the rules and regulations of the National Association of Securities Dealers, Inc. (the "NASD") (" and such program for such offer and sale, the "Directed Share Program"). Under no circumstances will the Representatives Representative or any Underwriter be liable to the Company or to any Directed Share Participant for any action taken or omitted to be taken in good faith in connection with such Directed Share Program. To the extent that any Directed Shares are not affirmatively reconfirmed for purchase by any Directed Share Participant on or immediately after the date of this Agreement, such Directed Shares may be offered to the public as part of the public offering contemplated herein.

Directed Shares. It is understood that approximately [40,000[ ] shares of the Initial Shares ("the “Directed Shares"”) initially will be reserved by the Underwriters for offer and sale to employees and persons having business relationships with the Company ("the “Directed Share Participants"”) upon the terms and conditions set forth in both the Prospectus and the Disclosure Package and in accordance with the rules and regulations of the National Association of Securities Dealers, Inc. (the "“NASD"”) (the "“Directed Share Program"”). Under no circumstances will the Representatives Representative or any Underwriter be liable to the Company or to any Directed Share Participant for any action taken or omitted to be taken in good faith in connection with such Directed Share Program. To the extent that any Directed Shares are not affirmatively reconfirmed for purchase by any Directed Share Participant on or immediately after the date of this Agreement, such Directed Shares may be offered to the public as part of the public offering contemplated herein.