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Title: |
Underwriting Agreement |
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Entities: |
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Date: |
2001 |
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Size: |
Preview shows 6KB of 119KB total |
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Price: |
$52 |
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ID: |
#966233 |
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GAIAM, INC.
2,200,000 SHARES OF CLASS A COMMON STOCK*
UNDERWRITING AGREEMENT
_______, 2001
Tucker Anthony Incorporated
As Representative of the Underwriters
Identified in Schedule I Annexed Hereto
100 East Milwaukee Avenue
Milwaukee, Wisconsin 53202
Ladies and Gentlemen:
SECTION 1. INTRODUCTION. Gaiam, Inc., a Colorado corporation (the
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"Company"), proposes to sell a total of 2,200,000 shares (the "Firm Shares") of
Class A common stock, $.0001 par value per share (the "Class A Common Stock" and
together with the Company's Class B common stock, $.0001 par value per share,
the "Common Stock"), to the several underwriters identified in Schedule I
annexed hereto (the "Underwriters"), who are acting severally and not jointly.
In addition, the Company has agreed to grant to the Underwriters an option to
purchase up to 330,000 additional shares of Class A Common Stock (the "Optional
Shares") as provided in Section 5 hereof. The Firm Shares and, to the extent
such option is exercised, the Optional Shares are hereinafter collectively
referred to as the "Shares."
You, as representative of the Underwriters (the "Representative"), have
advised the Company that the Underwriters propose to make a public offering of
the Shares as soon hereafter as in your judgment is advisable and that the
public offering price of the Shares initially will be $____ per Share (the
"Offering Price").
The Company hereby confirms its agreements with the Underwriters as
follows:
SECTION 2. REPRESENTATIONS AND WARRANTIES OF THE COMPANY. The Company
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represents and warrants to, and agrees with, the several Underwriters, and shall
be deemed to represent and warrant to the several Underwriters on each Closing
Date (as hereinafter defined), that:
(a) The Company and each of the subsidiaries of the Company, which
subsidiaries are listed on Exhibit 21.1 of the Registration Statement (as
hereinafter defined) (individually, a "Subsidiary" and collectively, the
"Subsidiaries"), has been duly incorporated or formed and is validly
existing as an entity in good standing under the laws of its jurisdiction
of incorporation or formation, with full power and authority to own,
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*Plus an option to acquire up to 330,000 additional shares of Class A Common
Stock from the Company solely to cover over-allotments.
1
<PAGE>
lease and operate its properties and to conduct its business as presently
conducted and described in the Prospectus (as hereinafter defined) and the
Registration Statement; each of the Company and the Subsidiaries is duly
registered and qualified to do business as a foreign corporation or other
entity under the laws of, and is in good standing as such in, each
jurisdiction in which such registration or qualification is required,
except where the failure to so register or qualify would not be reasonably
expected to have or result in a material adverse effect on the financial
condition, business, property or results of operations of the Company and
the Subsidiaries, taken as a whole (a "Material Adverse Effect"); and, to
the Company's knowledge, no proceeding has been instituted in any such
jurisdiction revoking, limiting or curtailing, or seeking to revoke, limit
or curtail, such power and authority or qualification. Complete and correct
copies of the certificate of incorporation, articles of incorporation, or
other organizational documents, as amended or restated (collectively, the
"Articles of Incorporation"), and by-laws, as amended or restated ("By-
laws"), of the Company and each of the Subsidiaries as in effect on the
date hereof, have been delivered to the Representative, and no changes
thereto will be made on or subsequent to the date hereof and prior to each
Closing Date, except as contemplated by the Registration Statement.
(b) The shares of Common Stock issued and outstanding immediately
prior to the issuance and sale of the Shares hereunder as set forth in the
Prospectus have been duly authorized and validly issued, are fully paid and
nonassessable and conform to the description thereof contained in the
Prospectus and the Registration Statement. There are no preemptive rights
to subscribe for or purchase any shares of Common Stock (including the
Shares). The Shares have been duly authorized and, when issued, delivered
and paid for pursuant to this Agreement, will be validly issued, fully paid
and nonassessable and will conform to the description thereof contained in
the Prospectus and the Registration Statement. The delivery of the Shares
to be issued and sold hereunder and payment therefor pursuant to the terms
of this Agreement will pass valid title to such Shares to the Underwriters,
free and clear of any lien, claim, encumbrance or defect in title. Except
as described in the Prospectus, there are no material outstanding options,
warrants or other rights of any description, contractual or otherwise,
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