Securities Laws. The Company shall not be required to make payment with respect to any shares of common stock prior to the admission of such shares to listing on any stock exchange on which the stock may then be listed and the completion of any registration or qualification of such shares under any federal or state law or rulings or regulations of any government body that the Company, in its discretion, determines to be necessary or advisable.

Securities Laws. The Company shall not be required to make payment with respect to any shares of common stock prior to the admission of such shares to listing on any stock exchange on which the stock may then be listed and the completion of any registration or qualification of such shares under any federal or state law or rulings or regulations of any government body that the Company, in its discretion, determines to be necessary or advisable.

Securities Laws.Matters. The Company shall not be required to make payment with respect todeliver any shares of common stock prior toCommon Stock until the admissionrequirements of such shares to listing on any stock exchange on which the stock may then be listed and the completion of any registration or qualification of such shares under any federal or state lawsecurities or rulingsother laws, rules or regulations (including the rules of any government body thatsecurities exchange) as may be determined by the Company, in its discretion, determinesCompany to be necessary or advisable.applicable are satisfied.