Document ID: 12361

Text:
(d)Legend Removal. Certificates evidencing the Underlying Shares shall not contain any legend (Unlegended Shares) (including the legend set forth in Section 4.1(b) hereof): (i) while a registration statement covering the resale of such security is effective under the Securities Act, ( ii) following any sale of such Underlying Shares pursuant to Rule 144, (iii) if such Underlying Shares are eligible for sale under Rule 144, without the requirement for the Company to be in compliance with the current public information required under Rule 144 as to such Underlying Shares and without volume or manner-of-sale restrictions or (iv) if such legend is not required under applicable requirements of the Securities Act ( including judicial interpretations and pronouncements issued by the staff of the Commission). The Company shall cause its counsel to issue a legal opinion to the Transfer Agent during the time any of the aforedescribed conditions apply, to effect the removal of the legend hereunder. If all or any Notes are converted or any portion of a Warrant is exercised at a time when there is an effective registration statement to cover the resale of the corresponding Underlying Shares, or if such Underlying Shares may be sold under Rule 144 or if such legend is not otherwise required under applicable requirements of the Securities Act ( including judicial interpretations and pronouncements issued by the staff of the Commission) then such Underlying Shares shall be issued free of all legends. The Company agrees that following such time as such legend is no longer required under this Section 4.1(d), it will, no later than five Trading Days following the delivery by the Purchaser to the Company or the Transfer Agent of a certificate representing Underlying Shares, as applicable, issued with a restrictive legend (such fifth Trading Day, the Legend Removal Dale), deliver or cause to be delivered to such Purchaser a certificate representing such shares that is free from all restrictive and other legends (however, the Corporation shall use reasonable best efforts to deliver such shares within three (3) Trading Days). The Company may not make any notation on its records or give instructions to the Transfer Agent that enlarge the restrictions on transfer set forth in this Section 4.1. Certificates for Underlying Shares subject to legend removal hereunder shall be transmitted by the Transfer Agent to the Purchaser by crediting the account of the Purchasers prime broker with the Depository Trust Company System as directed by such Purchaser.

Named Entities:
54
55
Act
69
70
Regulation

Tokenized Text:
(
d
)
Legend
Removal
.
Certificates
evidencing
the
Underlying
Shares
shall
not
contain
any
legend
(
Unlegended
Shares
)
(
including
the
legend
set
forth
in
Section
4
.
1
(
b
)
hereof
)
:
(
i
)
while
a
registration
statement
covering
the
resale
of
such
security
is
effective
under
the
Securities
Act
,
(
ii
)
following
any
sale
of
such
Underlying
Shares
pursuant
to
Rule
144
,
(
iii
)
if
such
Underlying
Shares
are
eligible
for
sale
under
Rule
144
,
without
the
requirement
for
the
Company
to
be
in
compliance
with
the
current
public
information
required
under
Rule
144
as
to
such
Underlying
Shares
and
without
volume
or
manner-of-sale
restrictions
or
(
iv
)
if
such
legend
is
not
required
under
applicable
requirements
of
the
Securities
Act
(
including
judicial
interpretations
and
pronouncements
issued
by
the
staff
of
the
Commission
)
.
The
Company
shall
cause
its
counsel
to
issue
a
legal
opinion
to
the
Transfer
Agent
during
the
time
any
of
the
aforedescribed
conditions
apply
,
to
effect
the
removal
of
the
legend
hereunder
.
If
all
or
any
Notes
are
converted
or
any
portion
of
a
Warrant
is
exercised
at
a
time
when
there
is
an
effective
registration
statement
to
cover
the
resale
of
the
corresponding
Underlying
Shares
,
or
if
such
Underlying
Shares
may
be
sold
under
Rule
144
or
if
such
legend
is
not
otherwise
required
under
applicable
requirements
of
the
Securities
Act
(
including
judicial
interpretations
and
pronouncements
issued
by
the
staff
of
the
Commission
)
then
such
Underlying
Shares
shall
be
issued
free
of
all
legends
.
The
Company
agrees
that
following
such
time
as
such
legend
is
no
longer
required
under
this
Section
4
.
1
(
d
)
,
it
will
,
no
later
than
five
Trading
Days
following
the
delivery
by
the
Purchaser
to
the
Company
or
the
Transfer
Agent
of
a
certificate
representing
Underlying
Shares
,
as
applicable
,
issued
with
a
restrictive
legend
(
such
fifth
Trading
Day
,
the
Legend
Removal
Dale
)
,
deliver
or
cause
to
be
delivered
to
such
Purchaser
a
certificate
representing
such
shares
that
is
free
from
all
restrictive
and
other
legends
(
however
,
the
Corporation
shall
use
reasonable
best
efforts
to
deliver
such
shares
within
three
(
3
)
Trading
Days
)
.
The
Company
may
not
make
any
notation
on
its
records
or
give
instructions
to
the
Transfer
Agent
that
enlarge
the
restrictions
on
transfer
set
forth
in
this
Section
4
.
1
.
Certificates
for
Underlying
Shares
subject
to
legend
removal
hereunder
shall
be
transmitted
by
the
Transfer
Agent
to
the
Purchaser
by
crediting
the
account
of
the
Purchasers
prime
broker
with
the
Depository
Trust
Company
System
as
directed
by
such
Purchaser
.