Common use of Insider Status Clause in Contracts

Insider Status. 8.1 The Subscriber either [check appropriate box]: [ ] is an “Insider” of the Company as defined in the Securities Act (British Columbia), namely: “Insider” means: (i) a director or senior officer of the Company; (ii) a director or senior officer of a person that is itself an insider or subsidiary of the Company; (iii) a person that has: A. direct or indirect beneficial ownership of; B. control or direction over; or C. a combination of direct or indirect beneficial ownership of and of control or direction over securities of the Company carrying more than 10% of the voting rights attached to all the Company’s outstanding voting securities, excluding, for the purpose of the calculation of the percentage held, any securities held by the person as underwriter in the course of a distribution; or (iv) the Company itself, if it has purchased, redeemed or otherwise acquired any securities of its own issue, for so long as it continues to hold those securities; or [ ] is not an Insider of the Company.

Appears in 2 contracts

Samples: Private Placement Subscription Agreement (Counterpath Corp), Private Placement Subscription Agreement (Counterpath Corp)

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Insider Status. 8.1 The Subscriber either [check appropriate box]: [ ] is an “Insider” of the Company as defined in the Securities Act (British Columbia)BC Act, namely: “Insider” means: (i) a director or senior officer of the Company; (ii) a director or senior officer of a person that is itself an insider or subsidiary of the Company; (iii) a person that has: A. direct or indirect beneficial ownership of; B. control or direction over; or C. a combination of direct or indirect beneficial ownership of and of control or direction over securities of the Company carrying more than 10% of the voting rights attached to all the Company’s outstanding voting securities, excluding, for the purpose of the calculation of the percentage held, any securities held by the person as underwriter in the course of a distribution; or (iv) the Company itself, if it has purchased, redeemed or otherwise acquired any securities of its own issue, for so long as it continues to hold those securities; or [ ] is not an Insider of the Company.

Appears in 2 contracts

Samples: Subscription Agreement (Voice Mobility International Inc), Convertible Note (Voice Mobility International Inc)

Insider Status. 8.1 The Subscriber either [check appropriate box]: [ ] o is an “Insider” of the Company as defined in the Securities Act (British Columbia), namely: “Insider” means: (i) a director or senior officer of the Company; (ii) a director or senior officer of a person that is itself an insider or subsidiary of the Company; (iii) a person that has: A. direct or indirect beneficial ownership of; B. control or direction over; or C. a combination of direct or indirect beneficial ownership of and of control or direction over securities of the Company carrying more than 10% of the voting rights attached to all the Company’s outstanding voting securities, excluding, for the purpose of the calculation of the percentage held, any securities held by the person as underwriter in the course of a distribution; or (iv) the Company itself, if it has purchased, redeemed or otherwise acquired any securities of its own issue, for so long as it continues to hold those securities; or [ ] o is not an Insider of the Company.

Appears in 1 contract

Samples: Private Placement Subscription Agreement (Counterpath Corp)

Insider Status. 8.1 The Subscriber either [check appropriate box]: [ ] is an "Insider" of the Company Issuer as defined in the British Columbia Securities Act (British Columbia)Act, namely: “Insider” meansdetermined as follows: (ia) a director or senior officer of the CompanyIssuer; (iib) a director or senior officer of a person that is itself an insider or subsidiary of the CompanyIssuer; (iiic) a person that has: A. (1) direct or indirect beneficial ownership of; B. (2) control or direction over; or C. (3) a combination of direct or indirect beneficial ownership of and of control or direction over over, securities of the Company Issuer carrying more than 10% of the voting rights attached to all the Company’s Issuer's outstanding voting securities, excluding, for the purpose of the calculation of the percentage held, any securities held by the person as underwriter in the course of a distribution; , or (ivd) the Company Issuer itself, if it has purchased, redeemed or otherwise acquired any securities of its own issue, for so long as it continues to hold those securities; or [ ] is not an Insider of the CompanyIssuer.

Appears in 1 contract

Samples: Private Placement Subscription Agreement (Lexaria Corp.)

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Insider Status. 8.1 The Subscriber either [check appropriate box]: [ ] is an “Insider” of the Company as defined in the Securities Act (British Columbia), namely: “Insider” means: (i) a director or senior officer of the Company; (ii) a director or senior officer of a person that is itself an insider or subsidiary of the Company; (iii) a person that has: A. direct or indirect beneficial ownership of; B. control or direction over; or C. a combination of direct or indirect beneficial ownership of and of control or direction over securities of the Company carrying more than 10% of the voting rights attached to all the Company’s outstanding voting securities, excluding, for the purpose of the calculation of the percentage held, any securities held by the person as underwriter in the course of a distribution; or (iv) the Company itself, if it has purchased, redeemed or otherwise acquired any securities of its own issue, for so long as it continues to hold those securities; or [ [x] is not an Insider of the Company.

Appears in 1 contract

Samples: Private Placement Subscription Agreement (Counterpath Corp)

Insider Status. 8.1 The Subscriber either [check appropriate box]: [ ] is an “Insider” of the Company Issuer as defined in the British Columbia Securities Act (British Columbia)Act, namely: “Insider” meansdetermined as follows: (ia) a director or senior officer of the CompanyIssuer; (iib) a director or senior officer of a person that is itself an insider or subsidiary of the CompanyIssuer; (iiic) a person that has: A. (1) direct or indirect beneficial ownership of; B. (2) control or direction over; or C. (3) a combination of direct or indirect beneficial ownership of and of control or direction over over, securities of the Company Issuer carrying more than 10% of the voting rights attached to all the CompanyIssuer’s outstanding voting securities, excluding, for the purpose of the calculation of the percentage held, any securities held by the person as underwriter in the course of a distribution; , or (ivd) the Company Issuer itself, if it has purchased, redeemed or otherwise acquired any securities of its own issue, for so long as it continues to hold those securities; or [ ] is not an Insider of the CompanyIssuer.

Appears in 1 contract

Samples: Subscription Agreement

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