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SELECTED DEALER AGREEMENT
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Ladies and Gentlemen:
1. Registration under the Securities Act of 1933, as amended ("Securities
Act"), of the sale of 25,000,000(1) Units ("Units"), each Unit consisting of one
share of common stock, par value $.0001 per share, of Star Maritime Acquisition
Corp., a Delaware corporation ("Company"), and one warrant to purchase one share
of common stock, as more fully described in the preliminary prospectus, dated
____________, 2005 and in the final prospectus ("Prospectus"), which will be
forwarded to you, will become effective in the near future. Maxim Group LLC and
the several underwriters named in the Prospectus ("Underwriters") are severally
offering for sale certain of the Shares that we have agreed to purchase from the
Company for purchase by a selected group of dealers ("Selected Dealers") on the
terms and conditions stated herein.
Authorized Public Offering Price: $____ per Unit
Dealers' Selling Concession: Not to exceed $0.___ per Unit payable
upon termination of this Agreement,
except as provided below. We reserve the
right not to pay such concessions on any
of the Unit purchased by any of the
Selected Dealers from us and repurchased
by us at or below the price stated above
prior to such termination.
Reallowance: You may reallow not in excess of $0.___
per Unit as a selling concession to
dealers who are members in good standing
of the National Association of
Securities Dealers, Inc. ("NASD") or to
foreign dealers who are not eligible for
membership in the NASD and who have
agreed (i) not to sell the Unit within
the United States of America, its
territories or possessions or to persons
who are citizens thereof or residents
therein, and (ii) to abide by the
applicable Conduct Rules of the NASD.
Delivery and Payment: Delivery of the Unit shall be made on or
about ________, 2005 or such later date
as we may advise on not less than one
day's notice to you, at the principal
office of Maxim Group LLC, 405 Lexington
Avenue, New York, New York 10174, or at
such other place as we shall specify on
not less than one day's notice to you.
Payment for the Units is to be made,
against delivery, at the authorized
public offering price stated above, or,
if we shall so advise you, at the
authorized public offering price less
the dealers' selling concession stated
above, by a certified or official bank
check in New York Clearing House Funds
payable to the order of Maxim Group LLC.
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(1) Plus the over-allotment option available to the Underwriters to purchase
up to an additional 2,500,000 Units.
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Termination: This Agreement shall terminate at the
close of business on the 45th day
following the effective date of the
Registration Statement (of which the
Prospectus forms a part), unless
extended at our discretion for a period
or periods not to exceed in the
aggregate 30 additional days. We may
terminate this Agreement, whether or not
extended, at any time without notice.
2. Any of the Units purchased by you hereunder are to be offered by you to
the public at the public offering prices, except as herein otherwise provided
and except that a reallowance from such public offering prices not in excess of
the amount set forth on the first page of this Agreement may be allowed as
consideration for services rendered in distribution to dealers that (a) are
actually engaged in the investment banking or securities business; (b) execute
the written agreement prescribed by Rule 2740 of the NASD Conduct Rules; and (c)
are either members in good standing of the NASD or foreign banks, dealers or
institutions not eligible for membership in the NASD that represent to you that
they will promptly reoffer such Units at the public offering price and will
abide by the conditions with respect to foreign banks, dealers and institutions
set forth in paragraph 11 below.
3. You, by becoming a Selected Dealer, agree (a) upon effectiveness of the
Registration Statement and your receipt of the Prospectus, to take up and pay
for the number of Units allotted and confirmed to you, (b) not to use any of the
Units to reduce or cover any short position you may have, (c) upon our request,






