Common use of OTCBB Clause in Contracts

OTCBB. GBBV and its market makers have complied with and are current with all applicable requirements for the GBBV Common Stock to be quoted on the OTC Bulletin Board ("OTCBB") under the symbol "GBBV". Neither GBBV nor any of its market makers have received any notice, nor to their knowledge is it threatened, that at any time the GBBV Common Stock may no longer be eligible to be quoted on the OTCBB. The restricted shares of GBBV Common Stock issuable to the Stockholders pursuant to this Agreement, when issued, will be duly authorized and validly issued, fully paid and nonassessable and free of any preemptive rights and will be eligible to be quoted on the OTCBB. There has been no stop order issued by any regulatory authority including, without limitation, the NASD, the SEC or any state regulatory authority relating to GBBV or the GBBV Common Stock and GBBV has not received any notice of any investigation or other proceeding that could result in any stop order.

Appears in 2 contracts

Sources: Agreement and Plan of Reorganization (Pro Squared Inc), Agreement and Plan of Reorganization (Global Boulevard International Inc)