Common use of Post-Effective Amendment Clause in Contracts

Post-Effective Amendment. The Company represents and warrants to you that if as of one year from the effective date of this Offering (unless extended by the Company with the consent of the American Stock Exchange) the Minimum Offering has not been achieved, they will file a post-effective amendment to the Registration Statement deregistering all of the Shares and if at the Offering Termination Date subscriptions for all the Shares shall not have been received they will file a post- effective amendment to the Registration Statement de-registering the unsold Securities and will terminate any additional offerings of Securities pursuant to such Registration Statement. In addition, the Company represents and warrants to you that they will file all reports required by the regulations with regard to sales of the Shares and use of the proceeds therefrom.

Post-Effective Amendment. The Company represents and warrants to you that if as of one year from the effective date of this Offering (unless extended by the Company with the consent of the American Stock ExchangeTrust) the Minimum Offering has not been achieved, they will file a post-effective amendment to the Registration Statement deregistering all of the Shares and if at the Offering Termination Date subscriptions for all the Shares shall not have been received they will file a post- post-effective amendment to the Registration Statement de-registering the unsold Securities and will terminate any additional offerings of Securities pursuant to such Registration Statement. In addition, the Company represents and warrants to you that they will file all reports required by the regulations with regard to sales of the Shares and use of the proceeds therefrom.

Post-Effective Amendment. The Company represents and warrants to you that if as of one year from the effective date of this Offering (unless extended by the Company with the consent of the American Stock ExchangeTrust) the Minimum Offering has not been achieved, they will file a post-effective amendment to the Registration Statement deregistering all of the Shares and if at the Offering Termination Date subscriptions for all the Shares shall not have been received they will file a post- effective amendment to the Registration Statement de-registering the unsold Securities and will terminate any additional offerings of Securities pursuant to such Registration Statement. In addition, the Company represents and warrants to you that they will file all reports required by the regulations with regard to sales of the Shares and use of the proceeds therefrom.