Common use of Public Offering by the Underwriters Clause in Contracts

Public Offering by the Underwriters. The Underwriters agree to cause the Shares to be offered to the public initially at the price and under the terms set forth in the Registration Statement and Prospectus as soon, on or after the effective date of this Agreement, as the Underwriters deem advisable, but no more than five (5) full business days after such effective date. The Underwriters may allow such concessions and discounts upon sales to other dealers as set forth in the Registration Statement and Prospectus. The Representative agrees to notify the Company in writing when the offering is first made and when it is completed. After the completion of the initial public offering, the public offering price, the concessions and the reallowance may be changed by the Underwriters.