Common use of Securities Listing Clause in Contracts

Securities Listing. The outstanding shares of Parent were issued in accordance with the provisions of the Securities Act or exemptions therefrom, and any relevant state securities laws or pursuant to valid exemptions therefrom. Parent is in compliance with all applicable maintenance criteria and other requirements necessary to permit continued listing of the Parent Common Stock on the NASD Over-the-Counter Bulletin Board system, and Parent has not received evidence to the contrary from the NASD.