There are no actions, suits, proceedings, or investigations pending or, to the knowledge of 12RT after reasonable investigation, threatened by or against 12RT or affecting 12RT or its properties, at law or in equity, before any court or other governmental agency or instrumentality, domestic or foreign, or before any arbitrator of any kind. 12RT does not have any knowledge of any material default on its part with respect to any judgment, order, injunction, decree, award, rule, or regulation of any court, arbitrator, or governmental agency or instrumentality.