Permitted ELOC Issuance

Permitted ELOC Issuance. (i) issuances of Common Stock under the ClearThink ELOC, in any weekly period, resulting in aggregate proceeds to the Company of $25,000 or less, and (ii) total issuances of Common Stock under the ClearThink ELOC resulting in aggregate proceeds to the Company of $1,000,000 or less; provided that the ClearThink ELOC has not been amended in such a manner as to increase the aggregate amount of securities which may be sold thereunder or decrease the price per security payable thereunder. If the... Company, sells securities in excess of the amounts set forth in the foregoing clauses (i) and (ii) or amends the ELOC Agreement in violation of the foregoing proviso, any issuance under the ClearThink ELOC will need be deemed not to have been a "Permitted ELOC Issuance" View More