Sxxxxxxx-Xxxxx Compliance. The Company is in compliance with all applicable provisions of the Sxxxxxxx-Xxxxx Act of 2002, any related rules and regulations promulgated by the Commission and applicable corporate governance requirements under the NASD Rules (as defined below). The Company’s Board of Directors has validly appointed an audit committee whose composition satisfies the requirements of Rule 4350(d)(2) of the Rules of the National Association of Securities Dealers (the “NASD Rules”) and the Board of Directors and/or the audit committee has adopted a charter that satisfies the requirements of Rule 4350(d)(1) of the NASD Rules.
Appears in 6 contracts
Samples: Securities Purchase Agreement (Babyuniverse, Inc.), Securities Purchase Agreement (Babyuniverse, Inc.), Stock Purchase Agreement (Babyuniverse, Inc.)
