Minimum Subscription. 8.1 The Offering is subject to a minimum subscription of 1,000,000 Shares. 8.2 All funds received by the Agent for subscription will be held in trust by the Agent or placed in trust with the Issuer's registrar and transfer agent until the minimum subscription has been obtained. 8.3 Notwithstanding any other term of this Agreement, all subscription funds received by the Agent will be returned to the subscribers if the minimum subscription is not obtained by 5:00 p.m. on the Offering Day. 8.4 Notwithstanding any other term of this Agreement, the Agent's Commission and Corporate Finance Fee will not be paid to the Agent if the minimum subscription is not obtained by 5:00 p.m. on the Offering Day.
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Sources: Sponsorship and Agency Agreement (Innexus Biotechnology Inc), Sponsorship and Agency Agreement (Innexus Biotechnology Inc)
Minimum Subscription. 8.1 7.1 The Offering is subject to a minimum subscription of 1,000,000 Shares1,500,000 units.
8.2 7.2 All funds received by the Agent for subscription will be held in trust by the Agent or placed in trust with the Issuer's registrar and transfer agent until the minimum subscription has been obtained.
8.3 7.3 Notwithstanding any other term of this Agreement, all subscription funds received by the Agent will be returned to the subscribers if the minimum subscription is not obtained by 5:00 p.m. the close of the market on the Offering Day.
8.4 7.4 Notwithstanding any other term of this Agreement, the Agent's Commission and Corporate Finance Fee will not be paid to the Agent if the minimum subscription is not obtained by 5:00 p.m. the close of the market on the Offering Day.
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