Document ID: 12357

Text:
(ff) No Disqualification Events. None of the Company, any of its predecessors, any affiliated issuer, any director, executive officer, other officer of the Company participating in the offering hereunder, any beneficial owner of 20% or more of the Companys outstanding voting equity securities, calculated on the basis of voting power, nor any promoter (as that term is defined in Rule 405 under the Securities Act) connected with the Company in any capacity at the time of sale (each, an Issuer Covered Person and, together, Issuer Covered Persons) is subject to any of the Bad Actor disqualifications described in Rule 506(d)(l)(i) to (viii) under the Securities Act ( a Disqualification Event), except for a Disqualification Event covered by Rule 506(d)(2) or (d)(3). The Company has exercised reasonable care to determine whether any Issuer Covered Person is subject to a Disqualification Event. The Company has complied, to the extent applicable, with its disclosure obligations under Rule 506(e), and has furnished to the Purchasers a copy of any disclosures provided thereunder. The Company will notify the Purchasers in writing, prior to the Closing Date of (i) any Disqualification Event relating to any Issuer Covered Person and (ii) any event that would, with the passage of time, become a Disqualification Event relating to any Issuer Covered Person.

Named Entities:
42
43
Percentage
72
73
Regulation
76
77
Act
117
121
Regulation
200
204
Regulation

Tokenized Text:
(
ff
)
No
Disqualification
Events
.
None
of
the
Company
,
any
of
its
predecessors
,
any
affiliated
issuer
,
any
director
,
executive
officer
,
other
officer
of
the
Company
participating
in
the
offering
hereunder
,
any
beneficial
owner
of
20
%
or
more
of
the
Companys
outstanding
voting
equity
securities
,
calculated
on
the
basis
of
voting
power
,
nor
any
promoter
(
as
that
term
is
defined
in
Rule
405
under
the
Securities
Act
)
connected
with
the
Company
in
any
capacity
at
the
time
of
sale
(
each
,
an
Issuer
Covered
Person
and
,
together
,
Issuer
Covered
Persons
)
is
subject
to
any
of
the
Bad
Actor
disqualifications
described
in
Rule
506
(
d
)
(
l
)
(
i
)
to
(
viii
)
under
the
Securities
Act
(
a
Disqualification
Event
)
,
except
for
a
Disqualification
Event
covered
by
Rule
506
(
d
)
(
2
)
or
(
d
)
(
3
)
.
The
Company
has
exercised
reasonable
care
to
determine
whether
any
Issuer
Covered
Person
is
subject
to
a
Disqualification
Event
.
The
Company
has
complied
,
to
the
extent
applicable
,
with
its
disclosure
obligations
under
Rule
506
(
e
)
,
and
has
furnished
to
the
Purchasers
a
copy
of
any
disclosures
provided
thereunder
.
The
Company
will
notify
the
Purchasers
in
writing
,
prior
to
the
Closing
Date
of
(
i
)
any
Disqualification
Event
relating
to
any
Issuer
Covered
Person
and
(
ii
)
any
event
that
would
,
with
the
passage
of
time
,
become
a
Disqualification
Event
relating
to
any
Issuer
Covered
Person
.