Extract to table

" All such placeholders must be replaced with final, substantive disclosures prior to closing

The Schedules should be prepared to be accurate as of the date of delivery and must be updated through and as of the closing date

If any such instruments exist, they must be fully disclosed

Given the critical importance of the Company's recurring revenue base and customer relationships, any risk of customer termination or renegotiation as a result of the financing must be identified and assessed

6 must be comprehensive and detailed

We note that the Schedule currently states that application numbers are "to be provided by company counsel" — this information must be furnished as part of the revised Schedules