Common use of Offering Termination Date Clause in Contracts

Offering Termination Date. The “Offering Period” shall commence on the day that the Prospectus is first made available to prospective investors in connection with the Offering and shall continue until the “Offering Termination Date,” which shall be the earliest of (i) the date all Placement Shares and all over-subscriptions shares offered have been sold, unless earlier terminated by the Underwriter and Company or (ii) October 31, 2015, unless the Company and the Representative elect to extend the Offering, upon mutual agreement via written communication, to November 30, 2015, in which case the Company shall keep the Registration Statement in effect. The Company and you agree that unless all 4,000,000 Placement Shares offered are sold on or before the Offering Termination Date, all proceeds that have been paid for the Placement Shares will be returned to the purchasers.

Offering Termination Date. The “Offering Period” shall commence on the day that the Prospectus is first made available to prospective investors in connection with the Offering and shall continue until the “Offering Termination Date,” which shall be the earliest of (i) the date all Placement Shares and all overOver-subscriptions shares Subscription Shares offered have been sold, unless earlier terminated by the Underwriter and Company or (ii) October 31[_____________], 20152018, unless the Company and the Representative Underwriter elect to extend the Offering, upon mutual agreement via written communication, to November 30, 2015communication by 90 days, in which case the Company shall keep the Registration Statement in effect. The Company and you agree that unless all 4,000,000 at least [2,000,000] Placement Shares offered are sold on or before the Offering Termination Date, all proceeds that have been paid for the Placement Shares will be returned to the purchasers.