Qualification and Registration. 10Charge Hungary is qualified or licensed as foreign corporations in all jurisdictions where their respective business or ownership of assets so requires, except where the failure to be qualified or licensed would not have a material adverse effect on its businesses. The business of 10Charge Hungary does not require it to be registered as an investment company or investment adviser, as such terms are defined under the Investment Company Act of 1940 and the Investment Advisers Act of 1940, each as amended.
Appears in 2 contracts
Sources: Reorganization and Stock Purchase Agreement (10charge Inc), Reorganization and Stock Purchase Agreement (10charge Inc)