No Shell Company. The Company is not, nor at any time preceding the date hereof has the Company been a “shell company,” as such term is defined in paragraph (i)(1)(i) of Rule 144 or Rule 12b-2 of the Exchange Act, the effect of which would prevent the Holder from selling the Conversion Shares without restriction pursuant to Rule 144 (as hereinafter defined).
Appears in 1 contract
Sources: Securities Purchase Agreement (CSMG Technologies, Inc.)
No Shell Company. The Company is not, nor at any time preceding the date hereof since February 5, 2010 has the Company been a “shell company,” as such term is defined in paragraph (i)(1)(i) of Rule 144 or Rule 12b-2 of the Exchange Act, the effect of which would prevent the Holder from selling the Conversion Shares without restriction pursuant to Rule 144 (as hereinafter defined).
Appears in 1 contract
Sources: Securities Purchase Agreement (Reach Messaging Holdings, Inc.)