Dealings with Affiliates and Others. Other than ordinary and usual compensation arrangements, the Company shall not (i) enter into any transaction, including, without limitation, any loans or extensions of credit or royalty agreements, with any officers or directors of the Company, or (ii) enter into any transaction with a holder of five percent (5%) or more of the Common Stock of the Company, or any member of their respective families or any corporation or other entity directly or indirectly controlled by one or more of such officers, directors or stockholders or members of their families, without the prior consent of the members of the Board of Directors elected by the Investors.
Appears in 2 contracts
Samples: Note Purchase Agreement, Note Purchase Agreement (Exa Corp)
Dealings with Affiliates and Others. Other than ordinary and usual compensation arrangements, the Company shall not (i) enter into any transaction, including, without limitation, any loans or extensions of credit or royalty agreements, with any officers or directors of the Company, or (ii) enter into any transaction with a holder of five percent (5%) or more of the Common Stock of the Company, or any member of their respective families or any corporation or other entity directly or indirectly controlled by one or more of such officers, directors or stockholders or members of their families, without the prior written consent of the members holders of two-thirds of the Board of Directors elected by the InvestorsShares then outstanding.
Appears in 1 contract
Samples: Series a Preferred Stock and Warrant Purchase Agreement (Exa Corp)
Dealings with Affiliates and Others. Other than ordinary and usual compensation arrangements, the Company shall not (i) enter into any transaction, including, without limitation, any loans or extensions of credit or royalty agreements, with any officers or directors of the Company, or (ii) enter into any transaction with a holder of five percent (5%) or more of the Common Stock capital stock of the Company, or any member of their respective families or any corporation or other entity directly or indirectly controlled by one or more of such officers, directors or stockholders or members of their families, without the prior consent of the members of the Board of Directors elected by the Investors.
Appears in 1 contract
Samples: Stock Purchase Agreement (Exa Corp)