6.0. EDSR 02-10-1997 - Laserfiche WebLink

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2.3. Anti-dilution Clause. • 2.4. Continuing Obligation. The Company shall be obligated to issue the Shares to the EDA, Larry Hickman, and Genesis Business Centers, Ltd. through the period equal to any additional terms of the Company Lease, beyond that which is attached to this document as Exhibit A. 2.5. Location Commitment; Mandatory Repurchase; Put Options. So long as EDA is owner of any Shares of Company stock, the Company's administrative, marketing, product development, warehouse and manufacturing facilities shall be located within the City of Elk River. In the event that the Company no longer maintains such facilities within the City of Elk River, the EDA shall have the option to require the Company to • repurchase the Shares owned by EDA within 30 days of written demand. The repurchase price shall be the last price per share offered in any private or public offering authorized by the Board of Directors of the Company, but not less than twice the price used to calculate Shares provided to the EDA under 2.1.(A) of this Agreement. 3. COMPANY RESPONSIBILITIES 3.1. Financial Statements and Employee Reports. The Company shall provide EDA with "bookkeeper-prepared" quarterly financial statements and all available audited financial statements (Note: EDA does not require the Company to incur the cost of"audited" statements as a requirement of this agreement). The Company shall also provide EDA with detailed periodic data on all employees of the Company, including salaries, number and names of Company employees, titles and positions of each employee, and the names and positions of the Company's officers and Board members. 3.2. Annual Objectives. The Company shall maintain a written policy statement on a quarterly and annual basis defining its objectives with respect to its growth and development, and shall provide EDA 111 with copies of such written policy statement. The Company shall also provide to EDA periodic reports on the Company's growth and development, as may be reasonably requested by EDA from time to time.