Common use of Indebtedness to Officers, Directors and Stockholders Clause in Contracts

Indebtedness to Officers, Directors and Stockholders. Except as set forth on Schedule 3(m) attached hereto, neither the Company nor any of its subsidiaries is indebted to any of such entity’s stockholders, officers or directors (or to members of their immediate families) in any amount whatsoever (including, without limitation, any deferred compensation or salaries payable).

Appears in 2 contracts

Samples: Securities Purchase Agreement (Stronghold Technologies Inc), Securities Purchase Agreement (Stronghold Technologies Inc)

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Indebtedness to Officers, Directors and Stockholders. Except as set forth on Schedule 3(m) attached hereto, neither the Company nor any of its subsidiaries Subsidiary is indebted to any of such entity’s its stockholders, officers or directors (or to members of their immediate families) Affiliates in any amount whatsoever (including, without limitation, any deferred compensation compensation, salaries or salaries rent payable).

Appears in 2 contracts

Samples: Preferred Stock Purchase Agreement (Elandia International Inc.), Preferred Stock Purchase Agreement (Elandia International Inc.)

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