Common use of BUSINESS OPERATIONS AND LIABILITIES - SXAN Clause in Contracts

BUSINESS OPERATIONS AND LIABILITIES - SXAN. SXAN has conducted no business operations other than the acquisition of ownership of the capital stock of TXFF. SXAN has no liabilities other than liabilities incurred in the ordinary course that will not exceed $10,000 on the Closing Date.

Appears in 4 contracts

Samples: Share Purchase and Merger Agreement, Share Purchase and Merger Agreement (Infrared Systems International), Share Purchase and Merger Agreement (Infrared Systems International)

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