Common use of Obligations to Related Parties Clause in Contracts

Obligations to Related Parties. There are no obligations of the Company or any of its Subsidiaries to officers, directors, stockholders, or employees of the Company or any of its Subsidiaries other than (a) for payment of salary for services rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company or any of its Subsidiaries and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company or the relevant Subsidiary). No officer or director or, to the best of the Company's knowledge, any member of their immediate families, are indebted to the Company or any of its Subsidiaries or have any direct or indirect ownership interest in any firm or corporation with which the Company or any of its Subsidiaries is affiliated or with which the Company or any of its Subsidiaries has a business relationship, or any firm or corporation which competes with the Company or any of its Subsidiaries, in each case other than ownership of less than 1% of the outstanding stock of publicly traded companies. No such officer or director, or, to the best of the Company's knowledge, any member of their immediate families, is, directly or indirectly, interested in any material contract with the Company or any of its Subsidiaries. Neither the Company nor any of its Subsidiaries is a guarantor or indemnitor of any indebtedness of any other Person.

Obligations to Related Parties. There are no obligations of the Company or any of its Subsidiaries the Surviving Entity to officers, directors, stockholders, or employees of the Company or any of its Subsidiaries and the Surviving Entity other than (ai) for payment of salary for services rendered, (bii) reimbursement for reasonable expenses incurred on behalf of the Company or any of its Subsidiaries the Surviving Entity and (ciii) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company or the relevant SubsidiaryCompany). No officer or director None of the officers, directors or, to the best of the Company's ’s knowledge, stockholders of the Company or any member members of their immediate families, are is indebted to the Company or any of its Subsidiaries the Surviving Entity or have has any direct or indirect ownership interest in any firm or corporation with which the Company or any of its Subsidiaries the Surviving Entity is affiliated or with which the Company or any of its Subsidiaries the Surviving Entity has a business relationship, or any firm or corporation which that competes with the Company or any of its SubsidiariesCompany, in each case other than ownership of (a) passive investments in publicly traded companies (representing less than 1% of such company) which may compete with the outstanding stock of publicly traded companies. No such officer Company or director, or, to the best Surviving Entity and (b) investments by venture capital funds with which directors of the Company or the Surviving Entity may be affiliated and service as a board member of a company in connection therewith due to a person’s affiliation with a venture capital fund or similar institutional investor in such company. To the Company's ’s knowledge, no officer, director or stockholder, or any member of their immediate families, is, directly or indirectly, interested in any material contract with the Company or the Surviving Entity (other than such contracts as relate to any such person’s ownership of its Subsidiaries. Neither capital stock or other securities of the Company nor any of its Subsidiaries is a guarantor or indemnitor of any indebtedness of any other Personthe Surviving Entity).

Obligations to Related Parties. There Except as disclosed in Section 3.10 of the Schedule of Exceptions, there are no obligations of any member of the Company or any of its Subsidiaries Group to officers, directors, stockholders, or employees of any member of the Company or any of its Subsidiaries Group other than (a) for payment of salary for services rendered, (b) reimbursement for reasonable expenses incurred on behalf of a member of the Company or any of its Subsidiaries Group and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company or the relevant SubsidiaryCompany). No officer None of the officers, directors or director or, to the best stockholders of the Company's knowledge, or any member members of their immediate families, are indebted to any member of the Company Group. Except as disclosed in Section 3.10 of the Schedule of Exceptions, none of (i) the officers or directors of the Company or any members of its Subsidiaries their immediate families, or (ii) to the Company’s knowledge, the key employees of any member of the Company Group or any members of their immediate families, are indebted to a member of the Company Group or have any direct or indirect ownership interest in any firm or corporation with which the Company or any of its Subsidiaries is affiliated or with which a member of the Company or any of its Subsidiaries Group has a business relationship, or any firm or corporation which competes with a member of the Company or any of its SubsidiariesGroup, in each case other than ownership of passive investments in publicly traded companies (representing less than one percent (1% %) of such company) which may compete with a member of the outstanding stock of publicly traded companiesCompany Group. No such officer officer, director or directorstockholder, or, to the best of the Company's knowledge, or any member of their immediate families, is, directly or indirectly, interested in any material contract with a member of the Company Group (other than such contracts as relate to any such person’s ownership of capital stock or any other securities of its Subsidiariesthe Company). Neither Except as may be disclosed in the Financial Statements, no member of the Company nor any of its Subsidiaries Group is a guarantor or indemnitor of any indebtedness of any other Personperson.

Obligations to Related Parties. There are no obligations of the Company or any of its Subsidiaries Corporation to officers, directors, stockholdersshareholders, or employees of the Company or any of its Subsidiaries Corporation other than (a) for payment of salary for services rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company or any of its Subsidiaries Corporation and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan or agreements approved by the Board of Directors of the Company or the relevant SubsidiaryCorporation). No officer The Corporation is not a guarantor or director orindemnitor of any indebtedness of any other person, to firm or corporation. To the best of the CompanyCorporation's knowledge, none of the officers, directors or shareholders of the Corporation, or any member members of their immediate families, are indebted to the Company or any of its Subsidiaries or have any direct or indirect ownership interest in any firm or corporation with which the Company or any of its Subsidiaries Corporation is affiliated or with which the Company or any of its Subsidiaries Corporation has a business relationship, or any firm or corporation which that competes with the Company or any of its SubsidiariesCorporation, in each case other than ownership of less than 1% except that officers, directors and/or shareholders of the outstanding Corporation may own stock of in publicly traded companiescompanies which may compete with the Corporation. No such officer or director, or, to the best director of the Company's knowledgeCorporation is a member of the immediate family of any other officer or director of the Corporation, and no officer, director or shareholder, or any member of their immediate families, is, directly or indirectly, interested in any material contract with the Company Corporation (other than such contracts as relate to any such person's ownership of capital stock or other securities of the Corporation). There are no agreements, understandings or arrangements, either oral or written, between the Corporation and any of its Subsidiaries. Neither shareholders except for this Agreement and the Company nor Related Agreements and, to the Corporation's knowledge, between any of its Subsidiaries is a guarantor or indemnitor of any indebtedness of any other Personshareholders except for this Agreement and the Related Agreements.

Obligations to Related Parties. There are no obligations of the Company or any of its Subsidiaries to officers, directors, stockholders, or employees of the Company or any of its Subsidiaries Subsidiaries, other than (a) for payment obligations with respect to salary, benefits and other compensation arrangements, and other than with respect to the terms of salary for services rendered, (b) reimbursement for reasonable expenses incurred on behalf Company Common Stock or Company Stock Options held by any such Persons. None of the Company officers, directors or any of its Subsidiaries and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company or the relevant Subsidiary). No officer or director or, to the best stockholders of the Company's knowledge, and none of the directors or officers of the Company’s Subsidiaries, nor any member members of their immediate families, are indebted to the Company or any of its Subsidiaries Subsidiaries, other than Indebtedness incurred in connection with the exercise of options to acquire the Common Stock from the Company, or have any direct or indirect ownership interest in any firm or corporation with which the Company or any of its Subsidiaries is affiliated or with which the Company or any of its Subsidiaries has a business relationship, or any firm or corporation which competes with the Company or any of its Subsidiaries, in each case other than ownership of less than 1% . None of the outstanding stock of publicly traded companies. No such officer officers, directors or director, or, to the best stockholders of the Company's knowledge, and none of the directors or officers of the Company’s Subsidiaries, nor any member of their immediate families, is, directly or indirectly, interested in any material contract with the Company or any of its SubsidiariesSubsidiaries (other than such contracts as relate to any such person’s employment with the Company or any Affiliate of the Company). Neither the Company nor any of its Subsidiaries is a guarantor or indemnitor of any indebtedness Indebtedness of any other Personperson, firm or corporation.

Obligations to Related Parties. There are no obligations of the Company or any of its Subsidiaries to officers, directors, stockholders, or employees of the Company or any of its Subsidiaries other than (a) for payment of salary for services rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company or any of its Subsidiaries and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company or the relevant Subsidiary). No officer or director or, to the best of the Company's knowledge, any member of their immediate families, are indebted to the Company or any of its Subsidiaries or have any direct or indirect ownership interest in any firm or corporation with which the Company or any of its Subsidiaries is affiliated or with which the Company or any of its Subsidiaries has a business relationship, or any firm or corporation which competes with the Company or any of its Subsidiaries, in each case other than ownership of less than 1% of the outstanding stock of publicly traded companies. No such officer or director, or, to the best of the Company's knowledge, any member of their immediate families, is, directly or indirectly, interested in any material contract with the Company or any of its Subsidiaries. Neither the Company nor any of its Subsidiaries is a guarantor or indemnitor of any indebtedness of any other Person.Neither

Obligations to Related Parties. There Except as set forth on the Schedule of Exceptions, there are no obligations of the Company or any of its Subsidiaries to officers, directors, stockholders, directors or employees of the Company or any of its Subsidiaries other than (a) for payment of salary for services rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company or any of its Subsidiaries and Company, (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company Company), and (d) obligations for indemnification under the Company’s organizational documents and applicable law. Except as set forth on the Schedule of Exceptions, none of the officers, directors or the relevant Subsidiary). No officer or director or, to the best key employees of the Company's knowledge, or any member members of their immediate families, are indebted to the Company or any of its Subsidiaries or or, to the Company’s knowledge, have any direct or or, to the best of the Company’s knowledge, indirect ownership interest in any firm or corporation with which the Company or any of its Subsidiaries is affiliated or with which the Company or any of its Subsidiaries has a business relationship, or any firm or corporation which competes with the Company or any of its SubsidiariesCompany, in each case other than ownership of passive investments in publicly traded companies (representing less than 1% of such company) which may compete with the outstanding stock of publicly traded companiesCompany. No such officer or director, or, to the best of the Company's knowledge, or any member of their immediate families, is, directly or or, to the best of the Company’s knowledge, indirectly, interested in any material contract with the Company (other than such contracts as relate to any such person’s ownership of capital stock or any other securities of its Subsidiariesthe Company). Neither Except as may be disclosed in the Financial Statements, the Company nor any of its Subsidiaries is not a guarantor or indemnitor of any indebtedness of any other Personperson, firm or corporation.

Obligations to Related Parties. There are no material obligations of the Company or any of its Subsidiaries to officers, directors, stockholders, or employees of the Company or any of its Subsidiaries other than (a) for payment of salary for services rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company or any of its Subsidiaries and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company (the "BOARD") or the relevant Subsidiary). No officer or director or, to the best of the Company's knowledgeKnowledge, any member of their immediate families, are is indebted to the Company or any of its Subsidiaries or have has any direct or indirect ownership interest in any firm or corporation with which the Company or any of its Subsidiaries is affiliated or with which the Company or any of its Subsidiaries has a business relationshipaffiliated, or any firm or corporation which company that competes with the Company or any of its Subsidiaries, in each case other than ownership of less than 12% of the outstanding stock of publicly traded companies. No such officer or director, or, to the best of the Company's knowledgeKnowledge, any member of their immediate families, is, directly or indirectly, interested in any material contract with the Company or any of its Subsidiaries. Neither the Company nor any of its Subsidiaries is a guarantor or indemnitor of any indebtedness of any other Person.

Obligations to Related Parties. Obligations to Related Parties" \l 2. There are no obligations of the Company or any of its Subsidiaries to officers, directors, stockholders, stockholders or employees of the Company or any of its Subsidiaries other than (a) for payment of salary for services rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company or any of its Subsidiaries and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company or and any other stock options authorized by the relevant SubsidiaryCompany). No officer None of the officers or director directors of the Company, or any members of their immediate families, are indebted to the Company. None of the officers, directors or, to the best of the Company's knowledge, knowledge or key employees of the Company or any member members of their immediate families, are indebted to the Company or any of its Subsidiaries or have any direct or indirect ownership interest in any firm or corporation with which the Company or any of its Subsidiaries is affiliated or with which the Company or any of its Subsidiaries has a business relationship, or any firm or corporation which competes with the Company or any of its SubsidiariesCompany, in each case other than ownership of passive investments in publicly traded companies (representing less than 1% of such company) which may compete with the outstanding stock of publicly traded companiesCompany. No such officer or director, or, to the best of the Company's knowledge, or any member of their immediate families, is, directly or indirectly, interested in any material contract with the Company and no agreements, understandings or any of its Subsidiaries. Neither proposed transactions are contemplated between the Company nor and any of its Subsidiaries such person. The Company is not a guarantor or indemnitor of any indebtedness of any other Personperson, firm or corporation other than its subsidiaries.

Obligations to Related Parties. There are no obligations of ------------------------------------------- the Company or any of its Subsidiaries subsidiaries to officers, directors, stockholders, or employees of the Company or any of its Subsidiaries subsidiaries other than (a) for payment of salary for services rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company or any of its Subsidiaries subsidiary and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company). None of the officers, directors or stockholders of the Company or the relevant Subsidiary). No officer any of its subsidiaries, or director or, to the best of the Company's knowledge, any member members of their immediate immediately families, are indebted to the Company or any of its Subsidiaries subsidiaries or have any direct or indirect ownership interest in any firm or corporation with which the Company or any of its Subsidiaries subsidiaries is affiliated or with which the Company or any of its Subsidiaries subsidiaries has a business relationship, or any firm or corporation which competes with the Company or any of its Subsidiariessubsidiaries, except that officers, directors and/or stockholders of the Company may own stock in each case other than ownership of publicly traded companies (representing less than 1% of such Company) which may compete with the outstanding stock of publicly traded companiesCompany. No such officer officer, director or director, or, to the best stockholder of the Company's knowledgeCompany or any of its subsidiaries, or any member of their immediate immediately families, is, directly or indirectly, interested in any material contract with the Company or any of its Subsidiariessubsidiaries (other than such contracts as relate to any such person's or its affiliate's ownership of capital stock or other securities of the Company). Neither the Company nor any of its Subsidiaries subsidiaries is a guarantor or indemnitor of any indebtedness of any other Personperson, firm or corporation.

Obligations to Related Parties. There are no material obligations of the Company or any of its Subsidiaries to officers, directors, stockholders, or employees of the Company or any of its Subsidiaries other than (a) for payment of salary for services rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company or any of its Subsidiaries and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company (the "Board") or the relevant Subsidiary). No officer or director or, to the best of the Company's knowledgeKnowledge, any member of their immediate families, are is indebted to the Company or any of its Subsidiaries or have has any direct or indirect ownership interest in any firm or corporation with which the Company or any of its Subsidiaries is affiliated or with which the Company or any of its Subsidiaries has a business relationshipaffiliated, or any firm or corporation which company that competes with the Company or any of its Subsidiaries, in each case other than ownership of less than 12% of the outstanding stock of publicly traded companies. No such officer or director, or, to the best of the Company's knowledgeKnowledge, any member of their immediate families, is, directly or indirectly, interested in any material contract with the Company or any of its Subsidiaries. Neither the Company nor any of its Subsidiaries is a guarantor or indemnitor of any indebtedness of any other Person.

Obligations to Related Parties. There are no obligations of ------------ ------------------------------ the Company or any of its Subsidiaries subsidiaries to officers, directors, stockholders, or employees of the Company or any of its Subsidiaries subsidiaries other than (a) for payment of salary for services rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company or any of its Subsidiaries subsidiary and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company). None of the officers, directors or stockholders of the Company or the relevant Subsidiary). No officer any of its subsidiaries, or director or, to the best of the Company's knowledge, any member members of their immediate immediately families, are indebted to the Company or any of its Subsidiaries subsidiaries or have any direct or indirect ownership interest in any firm or corporation with which the Company or any of its Subsidiaries subsidiaries is affiliated or with which the Company or any of its Subsidiaries subsidiaries has a business relationship, or any firm or corporation which competes with the Company or any of its Subsidiariessubsidiaries, except that officers, directors and/or stockholders of the Company may own stock in each case other than ownership of publicly traded companies (representing less than one percent (1% %) of such Company) which may compete with the Company. No officer, director or stockholder of the outstanding stock Company or any of publicly traded companies. No such officer its subsidiaries, or director, or, to the best of the Company's knowledge, any member of their immediate immediately families, is, directly or indirectly, interested in any material contract with the Company or any of its Subsidiariessubsidiaries (other than such contracts as relate to any such person's or its affiliate's ownership of capital stock or other securities of the Company). Neither the Company nor any of its Subsidiaries subsidiaries is a guarantor or indemnitor of any indebtedness of any other Personperson, firm or corporation.