Investor Demand Notice

Investor Demand Notice. Means a written request from holders of at least 50% of the Investor Common Shares to register at least 25% of the Registrable Securities held by the Investors on the date hereof; except that every request by Investors to register at least $1,000,000 in value (based on the then current market price) on Form S-3 or a successor form, if the use of such form is available to the Company, shall qualify as an "Investor Demand Notice."