Schedule of Exceptions to Investment Agreement between Debtor and Swartz Private Equity, L.L.C.
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Summary
This document is a Schedule of Exceptions related to an Investment Agreement dated October 25, 2000, between the Debtor and Swartz Private Equity, L.L.C. It notes that the Debtor is subject to restrictions on raising capital and must offer Swartz a right of first offer for new capital-raising transactions. The Debtor has asked Swartz to waive these restrictions for a specific transaction covered by this Agreement, but Swartz has not yet agreed to do so.
EX-10.32 5 exh10-32.txt SCHEDULE OF EXCEPTIONS EXHIBIT C SCHEDULE OF EXCEPTIONS SECTION 3(4) AND 3(5) Debtor's October 25, 2000 Investment Agreement with Swartz Private Equity, L.L.C. ("Swartz") contains a capital raising limitation which prohibits Debtor from entering into certain transactions in which it issues securities as well as a right of first offer for any transaction in which Debtor raises capital. While Debtor has requested that Swartz waive the capital raising limitations with respect to the transaction set forth in this Agreement and decline to exercise its right of first offer, it has not yet done so.
