To the best of its knowledge, 12RT has complied with all applicable statutes and regulations, except to the extent that noncompliance would not materially and adversely affect the business, operations, properties, assets, or condition of 12RT or except to the extent that noncompliance would not result in the occurrence of any material liability for 12RT. This compliance includes, but is not limited to, the filing of all reports to date with relevant authorities.