Obligation to Obtain Shareholder Approval. In the event that the Company’s Common Stock shall become listed on a market other than the Primary Market and the Company is unable to issue Conversion Shares and or Warrant Shares to the Investor as a result of such issuance of Common Stock being in excess of the aggregate number of shares of Common Stock that the Company may issue under the rules or regulations of such market, or any other applicable rule or limitation (the “Principal Market Limitation”), the Company, shall no later than 30 calendar days of the date of such conversion or exercise notice obtain the approval of its stockholders or approval of such market, as required by the applicable rules of such market, to issue such shares of Common Stock issuable as Conversion Shares and or Warrant Shares.
Obligation to Obtain Shareholder Approval. After the date of this Agreement so long as any portion of the Convertible Debentures or Warrants remain outstanding should the Company’s Common Stock become listed on an exchange other than the Primary Market and the Company be unable to issue Conversion Shares and/or Warrant Shares to the Investor as a result of such issuance of Common Stock being in excess of the aggregate number of shares of Common Stock that the Company may issue under the rules or regulations of such exchange or market, or any other applicable rule or limitation, the Company, shall no later than 30 calendar days of the date of such conversion notice or exercise notice, as applicable, obtain the approval of its stockholders or approval of the market or exchange, as required by the applicable rules of such market or exchange, to issue such shares of Common Stock issuable as Conversion Shares and/or Warrant Shares.
