Common use of Solicitation Procedures Clause in Contracts

Solicitation Procedures. Each person desiring to purchase Common Stock in the Offering shall be required to execute and deliver to the Company the applicable Subscription Documents and a payment, by check or wire transfer, in the amount of $.50 per share for the total amount of the Common Stock purchased, payable to "4net Software, Inc. Special Account." By way of example, if an Investor purchased the minimum subscription of 80,000 shares of Common Stock, the Investor must make a payment, by check or wire transfer, in the amount of $40,000 payable to the Company. You shall transmit each investor's check or wire confirmation and original Subscription Documents received by you to the Company care of the address listed on the Subscription Documents, retaining a copy of each for your files. The Company shall deposit the checks directly in its Special Account.

Appears in 1 contract

Sources: Placement Agent Agreement (4networld Com Inc)

Solicitation Procedures. Each person desiring to purchase Common Stock Preferred Shares in the Offering shall be required to execute and deliver to the Company the applicable Subscription Documents and a payment, by check or wire transfer, in the amount of $.50 4.00 per share Preferred Share for the total amount of the Common Stock Preferred Shares purchased, payable to "4net Software, Inc. Special Account." By way of example, if an Investor purchased the minimum subscription of 80,000 shares of Common Stock10,000 Preferred Shares, the Investor must make a payment, by check or wire transfer, in the amount of $40,000 payable to the Company. You shall transmit each investor's check or wire confirmation and original Subscription Documents received by you to the Company care of the address listed on the Subscription Documents, retaining a copy of each for your files. The Company shall deposit the checks directly in its Special Account.

Appears in 1 contract

Sources: Placement Agent Agreement (4networld Com Inc)