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Membership Interest Transfer Agreement Sec

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2. Advances in communication and commitments. From time to time before the due date, the lender may, subject to the following provisions, make advances to the borrower that the borrower must repay to the lender…

2. Advances in communication and commitments. From time to time before the due date, the lender may, subject to the following provisions, make advances to the borrower that the borrower must repay to the lender and, as a result of these advances, which the borrower can res borrow as long as the total amount of unpaid advances does not exceed the available amount that the borrower must repay to the lender. Regardless of the face value of the adhesives, the liability of borrowers, in accordance with the communication, includes obligations. The lender may decide that bonds other than interest payable at the interest rate are included in the calculation of the amount available. The lender`s obligation to make advances is subject to receipt of a credit notification completed by lenders and documents that the lender can reasonably require, and the absence of a persistent delay. Prior to the first advance and as a condition of this advance, the borrower provides the lender with a certificate from the borrower`s duly accredited secretary on its terms and decisions of its board of directors approving the share exchange contract, this disclosure and the proposed transactions, as well as a certified copy of the foundation certificate for the borrowers and the borrower`s , as well as all third-party consents that must be obtained by the borrower before assuming the debt demonstrated in this communication, issuing the Warrants and undertaking, by other means, to comply with its obligations under the share exchange agreement. 9.6 Extension; Waiver a) . Parties may, at any time before the completion date of the transaction (i) extend the time limit for the execution of one of the obligations or other actions of the other parties; (ii) refrain from inaccuracies in the insurance and safeguards contained in this document or in the documents provided under this document; or (iii) not complying with any of the agreements or conditions included.

Any agreement reached by a party for such an extension or exemption is valid only if it is presented in a document signed in writing on behalf of that party, against which the waiver must be applied. 6.1 Survival of representations and guarantees (a) . All insurance and guarantees contained in this agreement and in the company`s information plan or in the parents` information plan are maintained twelve (12) months after the completion date, except that the insurance and guarantees contained in sections 3.2 and 4.2 of this agreement are still in effect for the applicable limitation period.

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