Common use of Filing of Initial Registration Statement Clause in Contracts

Filing of Initial Registration Statement. The Company shall, by the Filing Deadline, file a registration statement ("Registration Statement") on Form SB-2 (or other suitable form, at the Company's discretion, but subject to the reasonable approval of Subscriber), covering the resale of a number of shares of Common Stock as Registrable Securities equal to at least Fifty Million (50,000,000) shares of Common Stock and shall cover, to the extent allowed by applicable law, such indeterminate number of additional shares of Common Stock that may be issued or become issuable as Registrable Securities by the Company pursuant to Rule 416 of the Securities Act. In the event that the Company has not filed the Registration Statement by the Filing Deadline, then the Company shall pay to SUBSCRIBER an amount equal to $500, in cash, FOR EACH BUSINESS DAY AFTER THE FILING DEADLINE until such Registration Statement is filed, payable within ten (10) BUSINESS DAYS following the end of each calendar month in which such payments accrue.

Filing of Initial Registration Statement. The Company shall, by the Filing Deadline, file a registration statement ("Registration Statement") on Form SB-2 (or other suitable form, at the Company's discretion, but subject to the reasonable approval of SubscriberInvestor), covering the resale of a number of shares of Common Stock as Registrable Securities equal to at least Fifty Thirty-Five Million (50,000,00035,000,000) shares of Common Stock and shall cover, to the extent allowed by applicable law, such indeterminate number of additional shares of Common Stock that may be issued or become issuable as Registrable Securities by the Company pursuant to Rule 416 of the Securities Act. In the event that the Company has not filed the Registration Statement by the Filing Deadline, then the Company shall pay to SUBSCRIBER Investor an amount equal to $500U.S.$500, in cash, FOR EACH BUSINESS DAY AFTER THE FILING DEADLINE for each Business Day after the Filing Deadline until such Registration Statement is filed, payable within ten (10) BUSINESS DAYS Business Days following the end of each calendar month in which such payments accrue.

Filing of Initial Registration Statement. The Company shall, by the Filing Deadline, file a registration statement ("Registration Statement") on Form SB-2 (or other suitable form, at the Company's discretion, but subject to the reasonable approval of Subscriber), covering the resale of a number of shares of Common Stock as Registrable Securities equal to at least Fifty Fifteen Million (50,000,00015,000,000) shares of Common Stock and shall cover, to the extent allowed by applicable law, such indeterminate number of additional shares of Common Stock that may be issued or become issuable as Registrable Securities by the Company pursuant to Rule 416 of the Securities Act. In the event that the Company has not filed the Registration Statement by the date that is 30 calendar days following the Filing DeadlineDeadline (the "Payment Commencement Date"), then the Company shall pay to SUBSCRIBER an amount equal to $500, in cash, FOR EACH THE FIRST 60 BUSINESS DAY DAYS AFTER THE FILING DEADLINE PAYMENT COMMENCEMENT DATE, and an amount equal to $100, in cash, THEREAFTER until such Registration Statement is filed, in each case payable within ten (10) BUSINESS DAYS following the end of each calendar month in which such payments accrue.

Filing of Initial Registration Statement. The Company shall, by the Filing Deadline, file a registration statement ("Registration Statement") on Form SB-2 (or other suitable form, at the Company's discretion, but subject to the reasonable approval of SubscriberInvestor), covering the resale of a number of shares of Common Stock as Registrable Securities equal to at least Fifty Twenty Five Million (50,000,00025,000,000) shares of Common Stock and shall cover, to the extent allowed by applicable law, such indeterminate number of additional shares of Common Stock that may be issued or become issuable as Registrable Securities by the Company pursuant to Rule 416 of the Securities Act. In the event that the Company has not filed the Registration Statement by the Filing Deadline, then the Company shall pay to SUBSCRIBER Investor an amount equal to $250, in cash, for each of the first ten (10) Business Day after the Filing Deadline until such Registration Statement is filed, and $500, in cash, FOR EACH BUSINESS DAY AFTER THE FILING DEADLINE for each Business Day thereafter until such Registration Statement is filed, payable within ten (10) BUSINESS DAYS Business Days following the end of each calendar month in which such payments accrue.

Filing of Initial Registration Statement. The Company shall, by the Filing Deadline, file a registration statement ("Registration Statement") on Form SB-2 (or other suitable form, at the Company's discretion, but subject to the reasonable approval of SubscriberInvestor), covering the resale of a number of shares of Common Stock as Registrable Securities equal to at least Fifty Million Eleven Million, Five Hundred Thousand (50,000,00011,500,000) shares of Common Stock and shall cover, to the extent allowed by applicable law, such indeterminate number of additional shares of Common Stock that may be issued or become issuable as Registrable Securities by the Company pursuant to Rule 416 of the Securities Act. In the event that the Company has not filed the Registration Statement by the Filing Deadline, then the Company shall pay to SUBSCRIBER Investor an amount equal to $500, in cash, FOR EACH BUSINESS DAY AFTER THE FILING DEADLINE for each Business Day after the Filing Deadline until such Registration Statement is filed, payable within ten (10) BUSINESS DAYS Business Days following the end of each calendar month in which such payments accrue.

Filing of Initial Registration Statement. The Company shall, by the Filing Deadline, file a registration statement ("Registration Statement") on Form SB-2 (or other suitable form, at the Company's discretion, but subject to the reasonable approval of SubscriberInvestor), covering the resale of a number of shares of Common Stock as Registrable Securities equal to at least Fifty Thirty-Five Million (50,000,00035,000,000) shares of Common Stock and shall cover, to the extent allowed by applicable law, such indeterminate number of additional shares of Common Stock that may be issued or become issuable as Registrable Securities by the Company pursuant to Rule 416 of the Securities Act. In the event that the Company has not filed the Registration Statement by the Filing Deadline, then the Company shall pay to SUBSCRIBER INVESTOR an amount equal to $500U.S.$500, in cash, FOR EACH BUSINESS DAY AFTER THE FILING DEADLINE until such Registration Statement is filed, payable within ten (10) BUSINESS DAYS following the end of each calendar month in which such payments accrue.

Filing of Initial Registration Statement. The Company shall, by the Filing Deadline, file a registration statement ("Registration Statement") on Form SB-2 (or other suitable form, at the Company's discretion, but subject to the reasonable approval of Subscriber), covering the resale of a number of shares of Common Stock as Registrable Securities equal to at least Fifty Twenty Million (50,000,00020,000,000) shares of Common Stock and shall cover, to the extent allowed by applicable law, such indeterminate number of additional shares of Common Stock that may be issued or become issuable as Registrable Securities by the Company pursuant to Rule 416 of the Securities Act. In the event that the Company has not filed the Registration Statement by the Filing Deadline, then the Company shall pay to SUBSCRIBER Subscriber an amount equal to $500, in cash, FOR EACH BUSINESS DAY AFTER THE FILING DEADLINE for each Business Day after the Filing Deadline until such Registration Statement is filed, payable within ten (10) BUSINESS DAYS Business Days following the end of each calendar month in which such payments accrue.