Document ID: 13012

Text:
(c)The Shares to be issued and sold by the Company to the Purchasers hereunder have been duly authorized and the Shares, when issued and delivered against payment therefor as provided herein, will be validly issued, fully paid and non-assessable and free of any preemptive or similar rights. The Company has prepared and filed the Registration Statement in conformity with the requirements of the Securities Act , which became effective on October 19, 2016 (the Effective Date), including the Prospectus, and such amendments and supplements thereto as may have been required to the date of this Agreement in connection with the sale of the Shares hereunder. The Registration Statement is effective under the Securities Act and no stop order preventing or suspending the effectiveness of the Registration Statement or suspending or preventing the use of the Prospectus has been issued by the Commission and no proceedings for that purpose have been instituted or, to the knowledge of the Company, are threatened by the Commission. The Company, if required by the rules and regulations of the Commission, proposes to file the Prospectus, with the Commission pursuant to Rule 424(b) in relation to the sale of the Shares. At the time the Registration Statement and any amendments thereto became effective, at the date of this Agreement and at the Closing Date, the Registration Statement and any amendments thereto conformed and will conform in all material respects to the requirements of the Securities Act and did not and will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading; and the Prospectus and any amendments or supplements thereto, at time the Prospectus or any amendment or supplement thereto was issued and at the Closing Date, conformed and will conform in all material respects to the requirements of the Securities Act and did not and will not contain an untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading, and will conform to the description thereof contained in the Registration Statement and the Prospectus.

Named Entities:
70
71
Act
77
80
EffectiveDate
204
208
Regulation

Tokenized Text:
(
c
)
The
Shares
to
be
issued
and
sold
by
the
Company
to
the
Purchasers
hereunder
have
been
duly
authorized
and
the
Shares
,
when
issued
and
delivered
against
payment
therefor
as
provided
herein
,
will
be
validly
issued
,
fully
paid
and
non-assessable
and
free
of
any
preemptive
or
similar
rights
.
The
Company
has
prepared
and
filed
the
Registration
Statement
in
conformity
with
the
requirements
of
the
Securities
Act
,
which
became
effective
on
October
19
,
2016
(
the
Effective
Date
)
,
including
the
Prospectus
,
and
such
amendments
and
supplements
thereto
as
may
have
been
required
to
the
date
of
this
Agreement
in
connection
with
the
sale
of
the
Shares
hereunder
.
The
Registration
Statement
is
effective
under
the
Securities
Act
and
no
stop
order
preventing
or
suspending
the
effectiveness
of
the
Registration
Statement
or
suspending
or
preventing
the
use
of
the
Prospectus
has
been
issued
by
the
Commission
and
no
proceedings
for
that
purpose
have
been
instituted
or
,
to
the
knowledge
of
the
Company
,
are
threatened
by
the
Commission
.
The
Company
,
if
required
by
the
rules
and
regulations
of
the
Commission
,
proposes
to
file
the
Prospectus
,
with
the
Commission
pursuant
to
Rule
424
(
b
)
in
relation
to
the
sale
of
the
Shares
.
At
the
time
the
Registration
Statement
and
any
amendments
thereto
became
effective
,
at
the
date
of
this
Agreement
and
at
the
Closing
Date
,
the
Registration
Statement
and
any
amendments
thereto
conformed
and
will
conform
in
all
material
respects
to
the
requirements
of
the
Securities
Act
and
did
not
and
will
not
contain
any
untrue
statement
of
a
material
fact
or
omit
to
state
any
material
fact
required
to
be
stated
therein
or
necessary
to
make
the
statements
therein
not
misleading
;
and
the
Prospectus
and
any
amendments
or
supplements
thereto
,
at
time
the
Prospectus
or
any
amendment
or
supplement
thereto
was
issued
and
at
the
Closing
Date
,
conformed
and
will
conform
in
all
material
respects
to
the
requirements
of
the
Securities
Act
and
did
not
and
will
not
contain
an
untrue
statement
of
a
material
fact
or
omit
to
state
a
material
fact
necessary
in
order
to
make
the
statements
therein
,
in
light
of
the
circumstances
under
which
they
were
made
,
not
misleading
,
and
will
conform
to
the
description
thereof
contained
in
the
Registration
Statement
and
the
Prospectus
.