Common use of OTC Clause in Contracts

OTC. The Company’s common stock is eligible for trading on the OTC. The Company has not, in the 12 months preceding the date hereof, received written notice from the OTC to the effect that the Company is not in compliance with the listing or maintenance requirements of such trading market. The Company is, and has no reason to believe that it will not in the foreseeable future continue to be, in compliance in all material respects with the listing and maintenance requirements for trading of its common stock on the OTC. No consents or approvals from the OTC are necessary for the trading of the Company’s common stock on such trading market.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Kiat Lim Kor), Stock Purchase Agreement (Kiat Lim Kor)