Common use of Exclusion of Anti-Social Forces Clause in Contracts

Exclusion of Anti-Social Forces. 1. The Holder and the Issuer represent that none of itself or its officers or employees has fxxxxx or falls under the category of an organized crime group, an organized crime group member, a person who was an organized crime group member within past 5 years, a quasi-member of an organized crime group, a related enterprise of an organized crime group, a corporate racketeer, a rogue professing social activity or a crime group with special intelligence, or other similar person or group (the “Anti-Social Forces”), or any of the following items, and covenant not to fall under those categories in future: (1) Having a relationship where it is deemed that the Anti-Social Forces control the management; (2) Having a relationship where it is deemed that the Anti-Social Forces are substantially engaged in the management; (3) Having a relationship where it is deemed that the party improperly utilize the Anti-Social Forces, such as utilization with purposes to pursue fraudulent benefit of itself, its company or a third party or to bring harm to a third party; (4) Having a relationship where it is deemed that the party is involved with the Anti-Social Forces such as offering of fund or granting of benefit; or (5) a socially blamable relationship of its officer or other person involved in management with the Anti-Social Forces. 2. The Holder and the Issuer covenant that itself or its officers does not, by their own or through any third parties, engage in any of the following actions: (1) Violent demanding; (2) Unreasonable demanding which goes beyond legal liability; (3) Intimidating words or behavior, or using of violence in connection with a transaction; or (4) Damaging the credit or obstructing the business of others by spreading false rumors, using of fraudulent means, or using force; or (5) Any similar actions to the respective preceding items. 3. If the Holder or the Issuer falls under any of the items of Paragraph 1 or commits any act falling under any of the items of the preceding Paragraph, or makes a false declaration with respect to the representations and warranties under Paragraph 1, the counterparty may terminate this Agreement without any notice.

Appears in 6 contracts

Samples: Stock Acquisition Rights Allotment Agreement (Metros Development Co., Ltd.), Stock Acquisition Rights Allotment Agreement (Metros Development Co., Ltd.), Stock Acquisition Rights Allotment Agreement (Metros Development Co., Ltd.)

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Exclusion of Anti-Social Forces. 1. The Holder and the Issuer represent that none of itself or its officers or employees has fxxxxx or falls under the category of an organized crime group, an organized crime group member, a person who was an organized crime group member within past 5 years, a quasi-member of an organized crime group, a related enterprise of an organized crime group, a corporate racketeer, a rogue professing social activity or a crime group with special intelligence, or other similar person or group (the “Anti-Social Forces”), or any of the following items, and covenant not to fall under those categories in future: (1) Having a relationship where it is deemed that the Anti-Social Forces control the management; (2) Having a relationship where it is deemed that the Anti-Social Forces are substantially engaged in the management; (3) Having a relationship where it is deemed that the party improperly utilize the Anti-Social Forces, such as utilization with purposes to pursue fraudulent benefit of itself, its company or a third party or to bring harm to a third party; (4) Having a relationship where it is deemed that the party is involved with the Anti-Social Forces such as offering of fund or granting of benefit; or (5) a socially blamable relationship of its officer or other person involved in management with the Anti-Social Forces. 2. The Holder and the Issuer covenant that itself or its officers does not, by their own or through any third parties, engage in any of the following actions: (1) Violent demanding; (2) Unreasonable demanding which goes beyond legal liability; (3) Intimidating words or behavior, or using of violence in connection with a transaction; or (4) Damaging the credit or obstructing the business of others by spreading false rumors, using of fraudulent means, or using force; or (5) Any similar actions to the respective preceding items. 3. If the The Holder or and the Issuer may terminate this Agreement without any demand if it is found that the counterparty or its officer falls under any the category of the items of Paragraph 1 each item in paragraph 1, or commits any act takes an action falling under any the category of the items of each item in the preceding Paragraphparagraph, or makes a false declaration with respect to representations or covenants under the representations and warranties under Paragraph provision of paragraph 1, the counterparty may terminate this Agreement without any notice.

Appears in 2 contracts

Samples: Stock Acquisition Rights Allotment Agreement (HeartCore Enterprises, Inc.), Stock Acquisition Rights Allotment Agreement (SYLA Technologies Co., Ltd.)

Exclusion of Anti-Social Forces. 1. The Holder and the Issuer represent that none of itself or its officers or employees has fxxxxx or falls under the category of an organized crime group, an organized crime group member, a person who was an organized crime group member within past 5 years, a quasi-member of an organized crime group, a related enterprise of an organized crime group, a corporate racketeer, a rogue professing social activity or a crime group with special intelligence, or other similar person or group (the “Anti-Social Forces”), or any of the following items, and covenant not to fall under those categories in future: (1) Having a relationship where it is deemed that the Anti-Social Forces control the management; (2) Having a relationship where it is deemed that the Anti-Social Forces are substantially engaged in the management; (3) Having a relationship where it is deemed that the party improperly utilize the Anti-Social Forces, such as utilization with purposes to pursue fraudulent benefit of itself, its company or a third party or to bring harm to a third party; (4) Having a relationship where it is deemed that the party is involved with the Anti-Social Forces such as offering of fund or granting of benefit; or (5) a socially blamable relationship of its officer or other person involved in management with the Anti-Social Forces. 2. The Holder and the Issuer covenant that itself or its officers does not, by their own or through any third parties, engage in any of the following actions: (1) Violent demanding; (2) Unreasonable demanding which goes beyond legal liability; (3) Intimidating words or behavior, or using of violence in connection with a transaction; or (4) Damaging the credit or obstructing the business of others by spreading false rumors, using of fraudulent means, or using force; or (5) Any similar actions to the respective preceding items. 3. If the Holder counterparty or the Issuer its directors falls under any of the items of Paragraph 1 or commits any act falling under any of the items of the preceding Paragraph, or makes a false declaration with respect to the representations and warranties under Paragraph 1, the holder and the counterparty may terminate this Agreement without any notice.

Appears in 1 contract

Samples: Stock Acquisition Rights Allotment Agreement (Metros Development Co., Ltd.)

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Exclusion of Anti-Social Forces. 1. The Holder and the Issuer represent that none of itself or its officers or employees has fxxxxx or falls under the category of an organized crime group, an organized crime group member, a person who was an organized crime group member within past 5 years, a quasi-member of an organized crime group, a related enterprise of an organized crime group, a corporate racketeer, a rogue professing social activity or a crime group with special intelligence, or other similar person or group (the “Anti-Social Forces”), or any of the following items, and covenant not to fall under those categories in future: (1) Having a relationship where it is deemed that the Anti-Social Forces control the management; (2) Having a relationship where it is deemed that the Anti-Social Forces are substantially engaged in the management; (3) Having a relationship where it is deemed that the party improperly utilize the Anti-Social Forces, such as utilization with purposes to pursue fraudulent benefit of itself, its company or a third party or to bring harm to a third party; (4) Having a relationship where it is deemed that the party is involved with the Anti-Social Forces such as offering of fund or granting of benefit; or; (5) Having a socially blamable relationship of its officer or other person involved in management with the Anti-Social Forces. 2. The Holder and the Issuer covenant that itself or its officers does not, by their own or through any third parties, engage in any of the following actions: (1) Violent demanding; (2) Unreasonable demanding which goes beyond legal liability; (3) Intimidating words or behavior, or using of violence in connection with a transaction; or; (4) Damaging the credit or obstructing the business of others by spreading false rumors, using of fraudulent means, or using force; or; (5) Any similar actions to the respective preceding items. 3. If the Holder counterparty or the Issuer its directors falls under any of the items of Paragraph 1 or commits any act falling under any of the items of the preceding Paragraph, Paragraph or makes a false declaration with respect to the representations and warranties under Paragraph 1, the holder and the counterparty may terminate this Agreement without any notice.

Appears in 1 contract

Samples: Stock Acquisition Rights Transfer Confirmation Agreement (Libera Gaming Operations, Inc)

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