Document ID: 12183

Text:
(e) The restrictions contained in subsections (ii) and (iii) of this Section 4.12(d) shall not apply in connection with the issuance of any Exempt Issuances.For clarity, this right of participation set forth in this Section 4.12(d) is subordinate and subject to the Companys 8% Debenture Holders right of participation of up to 100% of a Subsequent Placement.

Named Entities:
17
20
Regulation
62
63
Percentage
72
73
Percentage

Tokenized Text:
(
e
)
The
restrictions
contained
in
subsections
(
ii
)
and
(
iii
)
of
this
Section
4
.
12
(
d
)
shall
not
apply
in
connection
with
the
issuance
of
any
Exempt
Issuances
.
For
clarity
,
this
right
of
participation
set
forth
in
this
Section
4
.
12
(
d
)
is
subordinate
and
subject
to
the
Companys
8
%
Debenture
Holders
right
of
participation
of
up
to
100
%
of
a
Subsequent
Placement
.