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Re: Jmasdoc post# 37642

Friday, 01/13/2012 12:41:33 PM

Friday, January 13, 2012 12:41:33 PM

Post# of 92948
Jmasdoc,

As interstate said, they could go out quickly if paperwork is all
done by holders for cashless exercise but ACT does have 10 business days
as a maximum..

1. Issuance and Delivery of Shares.

A. Advanced Cell shall issue and cause the delivery to Holder of the number of shares set forth in Schedule 1 hereto of Advanced Cell common stock (the “Shares”), as a cashless exercise of the Security, within ten (10) business days after the date upon which Advanced Cell shall have sufficient authorized and unissued shares of common stock (“Authorized Share Increase”) which are not otherwise reserved for issuance for other purposes to enable Advanced Cell to issue all of the Shares (the “Distribution Date”); provided, however, that Holder shall have tendered the Security as of, or prior to, such date to the attention of the Company at the address set forth in Section 17 below.
http://www.sec.gov/Archives/edgar/data/1140098/000114420411069285/v242652_ex10-1.htm

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