Common use of SELECTED DEALERS Clause in Contracts

SELECTED DEALERS. Members of the National Association of Securities Dealers, Inc. (the "NASD") who shall agree to reoffer Units hereunder (hereinafter referred to as "Selected Dealers" or "Participating Dealers") will be allowed a selling concession of ______ percent (__%) payable as hereinafter provided. No concession shall be earned or paid unless a Closing shall take place prior to the "Termination Date" as defined in the Registration Statement filed with the United States Securities and Exchange Commission. You agree that in reoffering said securities, if your offer is accepted after the Effective Date, you will make a bona fide public distribution of same. You will advise us upon request of the Securities purchased by you remaining unsold and we shall have the right to repurchase such Securities upon demand at the public offering price without payment of any concession with respect to any Securities so repurchased.

SELECTED DEALERS. Members of the National Association of Securities Dealers, Inc. (the "NASD") who shall agree to reoffer Units hereunder (hereinafter referred to as "Selected Dealers" or "Participating Dealers") will be allowed a selling concession of ______ percent (__%) payable as hereinafter provided. No concession shall be earned or paid unless a Closing shall take place prior to the "Termination Date" as defined in the Registration Statement filed with the United States Securities and Exchange Commission. You agree that in reoffering said securities, if your offer is accepted after the Effective Date, you will make a bona fide public distribution of same. You will advise us upon request of the Securities purchased by you remaining unsold and we shall have the right to repurchase such Securities upon demand at the public offering price without payment of any concession with respect to any Securities so repurchased.

SELECTED DEALERS. Members of the National Association of Securities Dealers, Inc. (the "NASD") who shall agree to reoffer Units hereunder (hereinafter referred to as "Selected Dealers" or "Participating Dealers") will be allowed a selling concession of ______ ten percent (__10%) payable as hereinafter provided. No concession shall be earned or paid unless a Closing shall take place prior to the "Termination Date" as defined in the Registration Statement filed with the United States Securities and Exchange Commission. You agree that in reoffering said securities, if your offer is accepted after the Effective Date, you will make a bona fide public distribution of same. You will advise us upon request of the Securities purchased by you remaining unsold and we shall have the right to repurchase such Securities upon demand at the public offering price without payment of any concession with respect to any Securities so repurchased.