Call Option Conditions

Call Option Conditions. (i) the Company is in compliance with the terms of the Purchase Agreement, this Certificate of Designations and the Registration Rights Agreement; (ii) either the Registrable Securities (as defined in the Registration Rights Agreement) are (A) eligible for resale without restriction pursuant to Rule 144(b) under the Securities Act of 1933, as amended (the "Securities Act") or (B) are covered by an effective registration statement (the "Registration Statement") and such registration statement is... not subject to any suspension or stop orders, the prospectus contained therein is current and deliverable and not subject to any blackout or similar circumstance; (iii) the Registrable Securities (as defined in the Registration Rights Agreement (as defined below)) are listed on the Principal Market; and (iv) the Company is not subject to any bankruptcy, insolvency or similar proceeding. View More