PUBLICITY.
THE COMPANY, AND EACH OF THE BUYER SHALL HAVE
THE RIGHT TO REVIEW A REASONABLE PERIOD OF TIME BEFORE ISSUANCE OF ANY PRESS
RELEASES, SEC, OTCBB OR FINRA FILINGS, OR ANY OTHER PUBLIC STATEMENTS WITH
RESPECT TO THE TRANSACTIONS CONTEMPLATED HEREBY; PROVIDED, HOWEVER, THAT THE
COMPANY SHALL BE ENTITLED, WITHOUT THE PRIOR APPROVAL OF EACH OF THE BUYER, TO
MAKE ANY PRESS RELEASE OR SEC, OTCBB (OR OTHER APPLICABLE TRADING MARKET) OR
FINRA FILINGS WITH RESPECT TO SUCH TRANSACTIONS AS IS REQUIRED BY APPLICABLE LAW
AND REGULATIONS (ALTHOUGH EACH OF THE BUYER SHALL BE CONSULTED BY THE COMPANY IN
CONNECTION WITH ANY SUCH PRESS RELEASE PRIOR TO ITS RELEASE AND SHALL BE
PROVIDED WITH A COPY THEREOF AND BE GIVEN AN OPPORTUNITY TO COMMENT THEREON).
K.
FURTHER ASSURANCES.
EACH PARTY SHALL DO AND PERFORM, OR
CAUSE TO BE DONE AND PERFORMED, ALL SUCH FURTHER ACTS AND THINGS, AND SHALL
EXECUTE AND DELIVER ALL SUCH OTHER AGREEMENTS, CERTIFICATES, INSTRUMENTS AND
DOCUMENTS, AS THE OTHER PARTY MAY REASONABLY REQUEST IN ORDER TO CARRY OUT THE
INTENT AND ACCOMPLISH THE PURPOSES OF THIS AGREEMENT AND THE CONSUMMATION OF THE
TRANSACTIONS CONTEMPLATED HEREBY.
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L.
NO STRICT CONSTRUCTION.
THE LANGUAGE USED IN THIS
AGREEMENT WILL BE DEEMED TO BE THE LANGUAGE CHOSEN BY THE PARTIES TO EXPRESS
THEIR MUTUAL INTENT, AND NO RULES OF STRICT CONSTRUCTION WILL BE APPLIED AGAINST
ANY PARTY.
M.
REMEDIES.
THE COMPANY ACKNOWLEDGES THAT A BREACH BY IT OF ITS
OBLIGATIONS HEREUNDER WILL CAUSE IRREPARABLE HARM TO THE BUYER BY VITIATING THE
INTENT AND PURPOSE OF THE TRANSACTION CONTEMPLATED HEREBY.
ACCORDINGLY, THE
COMPANY ACKNOWLEDGES THAT THE REMEDY AT LAW FOR A BREACH OF ITS OBLIGATIONS
UNDER THIS AGREEMENT WILL BE INADEQUATE AND AGREES, IN THE EVENT OF A BREACH OR
THREATENED BREACH BY THE COMPANY OF THE PROVISIONS OF THIS AGREEMENT, THAT THE
BUYER SHALL BE ENTITLED, IN ADDITION TO ALL OTHER AVAILABLE REMEDIES AT LAW OR
IN EQUITY, AND IN ADDITION TO THE PENALTIES ASSESSABLE HEREIN, TO AN INJUNCTION
OR INJUNCTIONS RESTRAINING, PREVENTING OR CURING ANY BREACH OF THIS AGREEMENT
AND TO ENFORCE SPECIFICALLY THE TERMS AND PROVISIONS HEREOF, WITHOUT THE
NECESSITY OF SHOWING ECONOMIC LOSS AND WITHOUT ANY BOND OR OTHER SECURITY BEING
REQUIRED.
IN WITNESS WHEREOF, the undersigned Buyer and the Company have caused this
Agreement to be duly executed as of the date first above written.
MICRO IMAGING TECHNOLOGY, INC.
By:________________________________
MICHAEL W. BRENNAN
Chief Executive Officer
ASHER ENTERPRISES, INC.
By:_________________________________
Name: Curt Kramer
Title:
President
1 Linden Pl., Suite 207
Great Neck, NY. 11021
AGGREGATE SUBSCRIPTION AMOUNT:
Aggregate Principal Amount of
Note:
$32,500.00
Aggregate Purchase
Price:
$32,500.00
22