Further Representations and Warranties of the Subscriber. Subscriber further acknowledges, represents, warrants and agrees as follows:
Further Representations and Warranties of the Subscriber. In the event the registration as per Section 8.6 is not effective by the sixty-first (61st) day after the Demand Registration Request as defined in the Registration Rights Agreement (Exhibit D) and Subscriber elects the option to rely upon a Regulation S exemption for up to fifty (50%) percent of Subscriber's outstanding Securities position and, in the event the Registration Statement has not been declared effective on the one hundred twenty-first (121st) day from the Demand Registration Request and/or Subscriber elects the option to rely upon a Regulation S exemption for the remainder of its outstanding securities position, Subscriber further acknowledges, presents, warrants and agrees as follows:
