Common use of Regulation E Clause in Contracts

Regulation E. The Company shall take all action to necessary issue the Common Shares and the Conversion Shares under the exemption from registration afforded by Regulation E promulgated under the 1933 Act, and upon such issuance, the Common Shares and Conversion Shares will be able to be sold by Buyer without registration under the 1933 Act.

Regulation E. The Company shall take all action necessary to necessary issue the Common Shares and the Conversion Shares under the exemption from registration afforded by Regulation E promulgated under the 1933 Act, and upon such issuance, issuance the Common Shares and Conversion Shares will be able to be sold by Buyer without registration under the 1933 Act.. By effecting all filings required by law, the Company shall promptly lower to $0.0015 the price at which it can sell shares of Common Stock under Regulation E.