A Puerto Rico Underwriting Agreement commonly refers to a legal contract between two entities, Internet. Com Corp. and Internet World Media, Inc., concerning the sale and purchase of shares of common stock. This agreement outlines the terms and conditions under which the underwriter (Internet. Com Corp.) agrees to sell a certain number of shares to the underwriting firm (Internet World Media, Inc.), who will then distribute or sell them to investors on the Puerto Rico stock market. The agreement typically covers various crucial aspects, including the quantity and price of shares, the responsibilities and obligations of each party, the timeline for the stock transaction, and any associated fees or expenses. It aims to ensure a fair and transparent process for both the underwriter and the underwriting firm, protecting the interests of all parties involved. Some common types of Puerto Rico Underwriting Agreements between Internet. Com Corp. and Internet World Media, Inc. may include: 1. Firm Commitment Underwriting Agreement: This is the most typical type of underwriting agreement where Internet. Com Corp. guarantees to sell a specific number of shares to Internet World Media, Inc. The underwriting firm agrees to purchase these shares regardless of whether they can resell them to investors, thus assuming the risk of any unsold shares. 2. Best-Efforts Underwriting Agreement: In this scenario, Internet. Com Corp. commits to making a reasonable effort to facilitate the sale of shares to Internet World Media, Inc. However, they do not guarantee the sale of a specific number of shares. The underwriter will only receive payment for the shares they successfully sell, and any unsold shares will remain with them. 3. All-or-None Underwriting Agreement: With this type of agreement, Internet. Com Corp. stipulates that Internet World Media, Inc. must purchase all the shares from the underwriters or none at all. If the underwriting firm cannot fulfill this condition, the entire agreement becomes void. 4. Standby Underwriting Agreement: This agreement is often used during rights offerings where existing shareholders are given the opportunity to purchase additional shares. The underwriter commits to purchasing any unsold shares, ensuring that the issuing company receives the desired capital. In summary, a Puerto Rico Underwriting Agreement between Internet. Com Corp. and Internet World Media, Inc. is a legally binding contract that regulates the buying and selling of common stock shares. It ensures a fair and structured process while safeguarding the interests of both parties. The different types of underwriting agreements include firm commitment, best-efforts, all-or-none, and standby agreements.