Ongoing Current Information Requirement Sample Clauses

Ongoing Current Information Requirement. CNCC and AGRA agree that following Closing, CNCC and AGRA shall each remain a fully reporting SEC company, each filing financial and disclosure reports with the SEC and other regulatory entities in accordance with all federal, state and municipal law and regulation. CNCC’s and AGRA’s Boards of Directors shall remain committed to the on-time filing of such reports for each Corporation as required by the SEC in order to maintain a contiguous, current filing status with the SEC for both. CNCC similarly provides ongoing current disclosure information to OTC Markets, its current trading platform for its publicly-held common stock (the “Current Information Rating”). CNCC shall remain obligated to obtain and maintain a Current Information Rating on OTC Markets. In addition, CNCC’s and AGRA’s Boards of Directors shall remain committed to the on-time filing of such reports for each Corporation as required by other regulatory authorities. In the future, should CNCC, AGRA, or any of either Corporation’s current or future subsidiaries become listed on any trading platform including OTC Markets, or any other stock or a commodities’ exchange for trading in the United States, Canada or elsewhere, CNCC’s and AGRA’s Board of Directors (as applicable) shall remain committed to the on-time filing of any and all reports and disclosure as required by each such trading platform in accordance with all its applicable laws and regulations. For a period of thirty-six (36) months from the Closing Date, any failure to maintain any such ongoing current filing status at any time shall be deemed a breach of this Agreement.