Indebtedness to and from Affiliates. As of the Closing Date, Canna Delaware is not indebted, directly or to its Knowledge indirectly, to any officer, director or 10% stockholder of Canna Delaware in any amount other than for salaries for services rendered or reimbursable business expenses, and no such person is indebted to Canna Delaware except for advances made to employees of Canna Delaware in the ordinary course of business to meet reimbursable business expenses.
Appears in 5 contracts
Samples: Agreement and Plan of Merger (Smeeding James E), Agreement and Plan of Merger (Sherwood Mathew D), Agreement and Plan of Merger (CannaPharmaRX, Inc.)
