Common use of Exchange Rules Clause in Contracts

Exchange Rules. Except as described in the Registration Statement, the General Disclosure Package or the Prospectus, the Company is, and after giving effect to the sale of Shares will be, in compliance in all material respects with all applicable corporate governance requirements set forth by the OTCQX and NYSE American. No approval of stockholders of the Company under the rules and regulations of either OTCQX or NYSE American is required for the Company to deliver the Shares to the Underwriters.

Exchange Rules. Except as described in the Registration Statement, the General Disclosure Package or the Prospectus, the Company is, and after giving effect to the sale of Shares will be, in compliance in all material respects with all applicable corporate governance requirements set forth by the OTCQX OTCQB and NYSE AmericanNASDAQ. No approval of stockholders of the Company under the rules and regulations of either OTCQX OTCQB or NYSE American NASDAQ is required for the Company Selling Stockholders to deliver the Shares to the Underwriters.