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Re: yerevan post# 46364

Saturday, 10/14/2006 11:07:33 AM

Saturday, October 14, 2006 11:07:33 AM

Post# of 157299
Add the impact of this wording which is in some of their financing deals to their bottom line:

The occurrence of any of the following events of default ("Event of Default") shall, at the option of the Holder hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately due and payable, all without demand, presentment or notice, or grace period, all of which hereby are expressly waived, except as set forth below;

Delisting. Delisting of the Common Stock from the Principal Market or such other principal exchange on which the Common Stock is listed for trading; Borrower's failure to comply with the conditions for listing; or notification from the Principal Market that the Borrower is not in compliance with the conditions for such continued listing.



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