Corporate Obligation. It is expressly understood that this Note is solely a corporate obligation of the Company, and that any and all personal liability, either at common law or in equity or by constitution or statute, of, and any and all such rights and claims against, every promoter, subscriber, incorporator, shareholder, officer, or director, as such, are hereby expressly waived and released by the Holder hereof by the acceptance of this Note and as a part of the consideration for the issue hereof.
Appears in 3 contracts
Samples: Secured Convertible Promissory Note (Authentidate Holding Corp), Secured Convertible Promissory Note (Authentidate Holding Corp), Secured Convertible Promissory Note (Cash Technologies Inc)
Corporate Obligation. It is expressly understood that this Note is solely a corporate obligation of the Company, Company and that any and all personal liability, either at common law or in equity equity, or by constitution or statute, of, and any and all such rights and claims against, every promoter, subscriber, incorporator, shareholderstockholder, officer, or director, as such, past, present or future, are hereby expressly waived and released by the Holder hereof by the acceptance of this Note and as a part of the consideration for the issue issuance hereof.
Appears in 2 contracts
Samples: Term Note (Electropure Inc), Term Note (Electropure Inc)
Corporate Obligation. It is expressly understood that this Note is solely a corporate obligation of the Company, and that any and all personal liability, either at common law or in equity or by constitution or statute, of, and any and all such rights and claims against, every promoter, subscriber, incorporator, shareholder, officer, officer or director, as such, are hereby expressly waived and released by the Holder holder hereof by the acceptance of this Note and as a part of the consideration for the issue hereof.
Appears in 1 contract
Samples: Convertible Note (Rxbazaar Inc)
Corporate Obligation. It is expressly understood that this Note is solely a corporate obligation of the Company, and that any and all personal liability, either at common law or in equity or by constitution or statute, of, and any and all such rights and claims against, every promoter, subscriber, incorporator, shareholder, officer, or directordirector of the Company, as such, are hereby expressly waived and released by the Holder hereof by the acceptance of this Note and as a part of the consideration for the issue hereof.
Appears in 1 contract
Samples: Secured Promissory Note and Security Agreement (Tag Entertainment Corp)
