STIPULATION AND [PROPOSED] ORDER TO EXTEND THE TIME FOR DEFENDANTS AKBARI AND KHAN TO ANSWER THE COMPLAINT

EDWARD M. CHEN, District Judge.

WHEREAS, on June 13, 2014, the U.S. Securities and Exhange Commission (the "Commission") filed the Complaint against Defendants Saleem Khan, Ammar Akbari, Roshanlal Chaganlal and Ranjan Mendonsa (collectively, the "Defendants"), and the Commission has since filed proof of service, or waiver of service, with respect to all of the Defendants;

WHEREAS, pursuant to prior Stipulation and Order, each of the Defendants is currently required to file an Answer to the Complaint on or before October 14, 2014; this date has been previously extended by stipulation of the parties and order of the Court;

WHEREAS, pursuant to prior Stipulation and Order, the parties shall file a joint Case Management Statement by November 26, 2014 in advance of the Case Mangement Conference scheduled for December 4, 2014 at 9:30 a.m.; this date was also previously extended by stipulation of the parties and order of the Court;

WHEREAS, counsel for the Commission and counsel for Defendants Akbari and Khan have been speaking to determine whether there may be any opportunity for an early resolution of this matter and have agreed to an extension of approximately 30 days for Defendants Akbari and Khan to answer the Complaint;

ACCORDINGLY, it is HEREBY STIPULATED by and between the undersigned parties that Defendants Akbari and Khan shall file their respective Answers to the Complaint on or before November 14, 2014.

IT IS SO STIPULATED.

[PROPOSED] ORDER

Good cause appearing from the above Stipulation, the requested extension of approximately 30 days for Defendants Akbari and Khan to file an Answer to the Complaint, is hereby GRANTED.

IT IS HEREBY ORDERED THAT:

The respective Answers to the Complaint of Defendant Akbari and Defendant Khan are each due to be filed on or before November 14, 2014.

IT IS SO ORDERED.