Executive Officers Breach of Duties. Any of Borrower’s named executive officers or directors is convicted of a criminal violation of securities laws, or a settlement in excess of $250,000 is reached by any such officer or director relating to a violation of securities laws, breach of fiduciary duties or self-dealing.
Appears in 9 contracts
Samples: Loan Agreement and Secured Promissory Note (Eos Petro, Inc.), Loan Agreement and Secured Promissory Note (Cellteck Inc.), Loan Agreement and Secured Promissory Note (Cellteck Inc.)
Executive Officers Breach of Duties. Any of Borrower’s named executive officers or directors is convicted of a criminal violation of securities laws, or a settlement in excess of $250,000 is reached by any such officer or director relating to a violation of securities laws, breach of fiduciary duties or self-dealing.
Appears in 6 contracts
Samples: Second Consolidated Agreement (Cellteck Inc.), Third Consolidated Amendment Agreement (Cellteck Inc.), These Proposed Terms (Cellteck Inc.)
Executive Officers Breach of Duties. Any of Borrower’s named chief executive officers officer or directors chief financial officer (other than Sung Xxxxx Xxxxx or any person appointed by the Company at the directive of Xxxx Xxxxx) is convicted of a criminal violation of securities laws, or a settlement in excess of $250,000 25,000 is reached by any such officer or director relating to a violation of securities laws, breach of fiduciary duties or self-dealing.
Appears in 1 contract
Samples: Employment Agreement (VIASPACE Inc.)
Executive Officers Breach of Duties. Any of Borrower’s 's named executive officers or directors is convicted of a criminal violation of securities laws, or a settlement in excess of $250,000 is reached by any such officer or director relating to a violation of securities laws, breach of fiduciary duties or self-dealing.
Appears in 1 contract
Samples: Convertible Debenture Purchase Agreement (AirtimeDSL)
