Document ID: 12817

Text:
(c) Certificates evidencing the shares of Securities shall be eligible for removal of the restrictive legend, (a) following any sale of such shares of Securities pursuant to Rule 144, or (b) if such Securities 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 Securities and without volume or manner-of-sale restrictions, (c) following any sale of such shares of Securities, pursuant to the plan of distribution in an effective registration statement (in compliance with any prospectus delivery requirements), or (d) 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 Removal Date). The Company shall cause its counsel to issue a legal opinion to its transfer agent promptly after the Removal Date if required by the transfer agent to effect the removal of the legend hereunder as permitted by applicable law then in effect. The Company agrees that following the Removal Date, it will, no later than five (5) trading days following the delivery by a Purchaser to the Company or the transfer agent of a certificate representing the Securities, as the case may be, issued with a restrictive legend, together with any reasonable certifications requested by the Company, the Companys counsel or the transfer agent (such fifth (5th) trading day, the Legend Removal Date), deliver or cause to be delivered to such Purchaser a certificate representing such shares that is free from all restrictive and other legends. 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 herein. Certificates for Securities 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 if the transfer agent is then a participant in such system and the Company is eligible to use such system and as directed by such Purchaser if either (i) there is an effective registration statement permitting the resale of such Securities by the Purchaser (and the Purchaser provides the Company or the Companys counsel with any requested certifications with respect to future sales of such shares) or (ii) the shares are eligible for resale by the Purchaser 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 Securities and without volume or manner-of-sale restrictions.

Named Entities:
32
33
Regulation
128
129
Act

Tokenized Text:
(
c
)
Certificates
evidencing
the
shares
of
Securities
shall
be
eligible
for
removal
of
the
restrictive
legend
,
(
a
)
following
any
sale
of
such
shares
of
Securities
pursuant
to
Rule
144
,
or
(
b
)
if
such
Securities
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
Securities
and
without
volume
or
manner-of-sale
restrictions
,
(
c
)
following
any
sale
of
such
shares
of
Securities
,
pursuant
to
the
plan
of
distribution
in
an
effective
registration
statement
(
in
compliance
with
any
prospectus
delivery
requirements
)
,
or
(
d
)
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
Removal
Date
)
.
The
Company
shall
cause
its
counsel
to
issue
a
legal
opinion
to
its
transfer
agent
promptly
after
the
Removal
Date
if
required
by
the
transfer
agent
to
effect
the
removal
of
the
legend
hereunder
as
permitted
by
applicable
law
then
in
effect
.
The
Company
agrees
that
following
the
Removal
Date
,
it
will
,
no
later
than
five
(
5
)
trading
days
following
the
delivery
by
a
Purchaser
to
the
Company
or
the
transfer
agent
of
a
certificate
representing
the
Securities
,
as
the
case
may
be
,
issued
with
a
restrictive
legend
,
together
with
any
reasonable
certifications
requested
by
the
Company
,
the
Companys
counsel
or
the
transfer
agent
(
such
fifth
(
5th
)
trading
day
,
the
Legend
Removal
Date
)
,
deliver
or
cause
to
be
delivered
to
such
Purchaser
a
certificate
representing
such
shares
that
is
free
from
all
restrictive
and
other
legends
.
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
herein
.
Certificates
for
Securities
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
if
the
transfer
agent
is
then
a
participant
in
such
system
and
the
Company
is
eligible
to
use
such
system
and
as
directed
by
such
Purchaser
if
either
(
i
)
there
is
an
effective
registration
statement
permitting
the
resale
of
such
Securities
by
the
Purchaser
(
and
the
Purchaser
provides
the
Company
or
the
Companys
counsel
with
any
requested
certifications
with
respect
to
future
sales
of
such
shares
)
or
(
ii
)
the
shares
are
eligible
for
resale
by
the
Purchaser
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
Securities
and
without
volume
or
manner-of-sale
restrictions
.