Document ID: 12940

Text:
(e)No Conflicts.The execution, delivery and performance of the Transaction Documents by the Company and the consummation by the Company of the transactions contemplated hereby will not (i) result in a violation of the Articles of Incorporation, any Certificate of Designations, Preferences and Rights of any outstanding series of preferred stock of the Company or the Bylaws or (ii) conflict with, or constitute a default (or an event which with notice or lapse of time or both would become a default) under, or give to others any rights of termination, amendment, or cancellation of, any agreement, indenture or instrument to which the Company or any of its Subsidiaries is a party, or result in a violation of any law, rule, regulation, order, judgment or decree (including federal and state securities laws and regulations and the rules and regulations of the Principal Market applicable to the Company or any of its Subsidiaries) or by which any property or asset of the Company or any of its Subsidiaries is bound or affected, except in the case of conflicts, defaults, terminations, amendments, cancellations and violations under clause (ii), which could not reasonably be expected to result in a Material Adverse Effect.Neither the Company nor its Subsidiaries is in violation of any term of or in default under its Articles of Incorporation, any Certificate of Designation, Preferences and Rights of any outstanding series of preferred stock of the Company or Bylaws or their organizational charter or bylaws, respectively.Neither the Company nor any of its Subsidiaries is in violation of any term of or is in default under any material contract, agreement, mortgage, indebtedness, indenture, instrument, judgment, decree or order or any statute, rule or regulation applicable to the Company or its Subsidiaries, except for possible conflicts, defaults, terminations or amendments that could not reasonably be expected to have a Material Adverse Effect.The business of the Company and its Subsidiaries is not being conducted, and shall not be conducted, in violation of any law, ordinance, regulation of any governmental entity, except for possible violations, the sanctions for which either individually or in the aggregate could not reasonably be expected to have a Material Adverse Effect.Except as specifically contemplated by this Agreement and as required under the Securities Act or applicable state securities laws and the rules and regulations of the Principal Market, the Company is not required to obtain any consent, authorization or order of, or make any filing or registration with, any court or governmental agency or any regulatory or self-regulatory agency in order for it to execute, deliver or perform any of its obligations under or contemplated by the Transaction Documents in accordance with the terms hereof or thereof.Except as set forth elsewhere in this Agreement, all consents, authorizations, orders, filings and registrations which the Company is required to obtain pursuant to the preceding sentence shall be obtained or effected on or prior to the Commencement Date.Since one year prior to the date hereof, the Company has not received nor delivered any notices or correspondence from or to the Principal Market.The Principal Market has not commenced any delisting proceedings against the Company.

Named Entities:
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43
Title
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48
Title
65
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Title
251
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Title
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Title
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Title
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434
Act

Tokenized Text:
(
e
)
No
Conflicts
.
The
execution
,
delivery
and
performance
of
the
Transaction
Documents
by
the
Company
and
the
consummation
by
the
Company
of
the
transactions
contemplated
hereby
will
not
(
i
)
result
in
a
violation
of
the
Articles
of
Incorporation
,
any
Certificate
of
Designations
,
Preferences
and
Rights
of
any
outstanding
series
of
preferred
stock
of
the
Company
or
the
Bylaws
or
(
ii
)
conflict
with
,
or
constitute
a
default
(
or
an
event
which
with
notice
or
lapse
of
time
or
both
would
become
a
default
)
under
,
or
give
to
others
any
rights
of
termination
,
amendment
,
or
cancellation
of
,
any
agreement
,
indenture
or
instrument
to
which
the
Company
or
any
of
its
Subsidiaries
is
a
party
,
or
result
in
a
violation
of
any
law
,
rule
,
regulation
,
order
,
judgment
or
decree
(
including
federal
and
state
securities
laws
and
regulations
and
the
rules
and
regulations
of
the
Principal
Market
applicable
to
the
Company
or
any
of
its
Subsidiaries
)
or
by
which
any
property
or
asset
of
the
Company
or
any
of
its
Subsidiaries
is
bound
or
affected
,
except
in
the
case
of
conflicts
,
defaults
,
terminations
,
amendments
,
cancellations
and
violations
under
clause
(
ii
)
,
which
could
not
reasonably
be
expected
to
result
in
a
Material
Adverse
Effect
.
Neither
the
Company
nor
its
Subsidiaries
is
in
violation
of
any
term
of
or
in
default
under
its
Articles
of
Incorporation
,
any
Certificate
of
Designation
,
Preferences
and
Rights
of
any
outstanding
series
of
preferred
stock
of
the
Company
or
Bylaws
or
their
organizational
charter
or
bylaws
,
respectively
.
Neither
the
Company
nor
any
of
its
Subsidiaries
is
in
violation
of
any
term
of
or
is
in
default
under
any
material
contract
,
agreement
,
mortgage
,
indebtedness
,
indenture
,
instrument
,
judgment
,
decree
or
order
or
any
statute
,
rule
or
regulation
applicable
to
the
Company
or
its
Subsidiaries
,
except
for
possible
conflicts
,
defaults
,
terminations
or
amendments
that
could
not
reasonably
be
expected
to
have
a
Material
Adverse
Effect
.
The
business
of
the
Company
and
its
Subsidiaries
is
not
being
conducted
,
and
shall
not
be
conducted
,
in
violation
of
any
law
,
ordinance
,
regulation
of
any
governmental
entity
,
except
for
possible
violations
,
the
sanctions
for
which
either
individually
or
in
the
aggregate
could
not
reasonably
be
expected
to
have
a
Material
Adverse
Effect
.
Except
as
specifically
contemplated
by
this
Agreement
and
as
required
under
the
Securities
Act
or
applicable
state
securities
laws
and
the
rules
and
regulations
of
the
Principal
Market
,
the
Company
is
not
required
to
obtain
any
consent
,
authorization
or
order
of
,
or
make
any
filing
or
registration
with
,
any
court
or
governmental
agency
or
any
regulatory
or
self-regulatory
agency
in
order
for
it
to
execute
,
deliver
or
perform
any
of
its
obligations
under
or
contemplated
by
the
Transaction
Documents
in
accordance
with
the
terms
hereof
or
thereof
.
Except
as
set
forth
elsewhere
in
this
Agreement
,
all
consents
,
authorizations
,
orders
,
filings
and
registrations
which
the
Company
is
required
to
obtain
pursuant
to
the
preceding
sentence
shall
be
obtained
or
effected
on
or
prior
to
the
Commencement
Date
.
Since
one
year
prior
to
the
date
hereof
,
the
Company
has
not
received
nor
delivered
any
notices
or
correspondence
from
or
to
the
Principal
Market
.
The
Principal
Market
has
not
commenced
any
delisting
proceedings
against
the
Company
.