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|   | 1. | A breach by the Company of its obligations under the Agreement and/or if any of its declarations under the Agreement shall be deemed to be not true. |
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|   | 2. | In case a liquidation order has been issued against the Company or that the Company’s name has been deleted from any registry conducted by law, and these where not canceled within 30 days. |
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|   | 3. | If a request to appoint a receiver or a special manager for the Company or for the Company’s assets or a substantial part of its assets was filed and was not canceled within 30 days, or if a receiver shall be appointed or a receivership order was issued and was not cancelled within 30 days, or if a trustee or a special manager is appointed for the Company or its assets. |
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|   | 4. | If an attachment is imposed or a similar execution action has been filed against material assets of the Company or against a security granted to Greenstone by the Company and such actions were not canceled within 30 days. |
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|   | 5. | If a stay of proceeding or creditor settlement requests were filed for the Company and not canceled within 30 days, or if a stay of proceeding or a creditor settlement order were issued. |
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|   | 6. | If the Company shall be liquidated or dissolved for any reason. |
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|   | 7. | If the Company fails to repay material debts to others or if such debts shall be called for immediate repayment. |
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|   | 8. | If legal actions shall be taken against the Company and Greenstone shall determine that such actions may jeopardize the Company’s ability to repay the Loans. |
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