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Title: |
Dealer-Manager Agreement |
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Date: |
2003 |
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Preview shows 4KB of 48KB total |
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$40 |
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ID: |
#1501891 |
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FORM OF DEALER-MANAGER AGREEMENT
<PAGE>
150,000 SHARES OF LIMITED LIABILITY COMPANY INTERESTS
of
ICON INCOME FUND TEN, LLC
(a Delaware limited liability company)
DEALER-MANAGER AGREEMENT
_____________, 2003
ICON Securities Corp.
100 Fifth Avenue, 10th Floor
New York, New York 10011
Dear Sirs:
Reference is made to the enclosed prospectus, as amended at the time the
related registration statement becomes effective (the "Prospectus") relating to
the offering (the "Offering") by ICON Income Fund Ten, LLC, an equipment leasing
program in the form of a limited liability company ("the Company"), of limited
liability company interests in shares of $1,000 each (the "Shares"). The Shares
and the terms upon which they are offered are more fully described in the
Prospectus.
We are entering into this Agreement with you as exclusive managing sales
agent (the "Dealer-Manager") pursuant to which you are authorized to (1) select
and provide sales support to a group of securities broker-dealers (the "Selling
Dealers") which are members of the National Association of Securities Dealers,
Inc. ("NASD") and (2) to offer directly to the general public, in each case to
offer, on a best efforts basis, a total maximum offering of up to 150,000
Shares.
Each Selling Dealer selected by you is authorized by its selling dealer
agreement (the "Selling Dealer Agreement"), and you are hereby authorized, to
find purchasers for the Shares which satisfy the suitability standards set forth
in the Prospectus during the Offering Period (as defined below) and which are
acceptable to the Company. The date on which the offering shall terminate is the
earlier of (i) the last day of the twenty-four (24) month period which begins on
the Effective Date (as defined in the Prospectus) of the registration statement,
as amended at the time it becomes effective (the "Registration Statement") (with
the offering of Shares in certain states for more than 12 months subject to the
permission of the state securities commission of such respective states) or (ii)
the date on which all Shares available for sale are fully subscribed, unless the
Offering is earlier terminated (hereinafter called the "Termination Date"), with
notice to you by ICON Capital Corp., the manager of the Company (the "Manager").
The period between the Effective Date of the Registration Statement and the
Termination Date is hereinafter called the "Offering Period." Each date on which
any investor is admitted to the Company (thereby becoming a "Member") is
hereinafter called a "Closing Date."
This Agreement shall become effective (i) at 12:01 A.M., New York City
time, on the first full business day after the Effective Date, or (ii) upon the
release of the Shares for offering, whichever is earlier. The time of the
release of the Shares for offering is the publication after the Effective Date
of the first newspaper advertisement relating to the Shares or the time of the
first mailing of copies of the final Prospectus, whichever is earlier. Each of
us agrees to notify the other immediately after it shall have taken any action
by release or otherwise, whereby this Agreement shall have become effective.
This Agreement may be terminated by the Company at any time before it becomes
effective without liability to the Company or any Member thereof.
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