144 Acknowledgement Sample Clauses


144 Acknowledgement. Nayna acknowledges that, because the investment has been held as convertible debt, for purposes of sales under Rule 144 of the Securities Act of 1933, as amended, the date of acquisition of Nayna stock obtained upon conversion of the convertible debt hereunder will tack back to April 1, 2005, the date the convertible debt was assumed by Nayna upon the closing of the Reverse Merger.