Common use of Interests in Other Entities Clause in Contracts

Interests in Other Entities. (a) Except for the entities (collectively, the "Quality Subsidiaries") set forth in the disclosure schedule and attached hereto as Exhibit 2 (the "Quality Disclosure Schedule"), Quality does not (i) own, directly or indirectly, of record or beneficially, any shares of voting stock or other equity securities of any other corporation, (ii) have any ownership interest, direct or indirect, of record or beneficially, in any unincorporated entity, and (iii) have any obligation, direct or indirect, present or contingent, (A) to purchase or subscribe for any interest in, advance or loan monies to, or in any way make investments in, any other person or entity, or (B) to share any profits or capital investments or both. (b) None of the Quality Stockholders (individually or jointly) (i) own, directly or indirectly, of record or beneficially, any shares of voting stock or other equity securities of any other corporation engaged in the same or similar business to that business engaged in by Quality at the Effective Time (other than not more than one percent (1%) of the publicly-traded capital stock of corporations engaged in such business held solely for investment purposes); (ii) have any ownership interest, direct or indirect, of record or beneficially, in any unincorporated entity engaged in the same or similar business to that business engaged in by Quality at the Effective Time; and (iii) have any obligation, direct or indirect, present or contingent, (A) to purchase or subscribe for any interest in, advance or loan monies to, or in any way make investments in, any other person or entity engaged in the same or similar business to that business engaged in by Quality at the Effective Time, or (B) to share any profits or capital investments or both from a entity engaged in the same or similar business to that business engaged in by Quality the Effective Time.

Interests in Other Entities. (a) Except for Schedule 3.4 sets forth a true and complete list of all direct or indirect subsidiaries ofWOWFactor, together with the entities jurisdiction of incorporation of each such subsidiary and the percentage of each such subsidiary's outstanding capital stock owned by WOWFactor or another of WOWFactor's subsidiaries. Each such subsidiary is a duly organized corporation, validly existing and in good standing under the laws of the jurisdiction of its incorporation (collectively, as well as all applicable foreign jurisdictions necessary to its business operations) and has the "Quality Subsidiaries") set forth in the disclosure schedule requisite corporate power and attached hereto as Exhibit 2 (the "Quality Disclosure Schedule"), Quality does not (i) authority and governmental authority to own, directly operate or indirectlylease the properties that it purports to own, of record operate or beneficially, any shares of voting stock or other equity securities of any other corporation, (ii) have any ownership interest, direct or indirect, of record or beneficially, in any unincorporated entity, lease and (iii) have any obligation, direct or indirect, present or contingent, (A) to purchase or subscribe for any interest in, advance or loan monies to, or in any way make investments in, any other person or entity, or (B) to share any profits or capital investments or bothcarry on its business as it is now being conducted. (b) None of the Quality Stockholders (individually or jointly) (i) own, directly or indirectly, of record or beneficially, any shares of voting stock or other equity securities of any other corporation engaged in the same or similar business to that business engaged in by Quality WOWFactor at the Effective Time Closing Date (other than not more than one percent (1%) of the publicly-traded capital stock of corporations engaged in such business held solely for investment purposes); (iii) have any ownership interest, direct or indirect, of record or beneficially, in any unincorporated entity engaged in the same or similar business to that business engaged in by Quality WOWFactor at the Effective TimeClosing Date; and (iiiii) have any obligation, direct or indirect, present or contingent, (A) to purchase or subscribe for any interest in, advance or loan monies to, or in any way make investments in, any other person or entity engaged in the same or similar business to that business engaged in by Quality WOWFactor at the Effective TimeClosing Date, or (B) to share any profits or capital investments or both from a an entity engaged in the same or similar business to that business engaged in by Quality WOWFactor at the Effective TimeClosing Date.

Interests in Other Entities. (a) Except for Schedule 2.4 sets forth a true and complete list of all direct or indirect subsidiaries of Creative, together with the entities jurisdiction of incorporation of each such subsidiary and the percentage of each such subsidiary's outstanding capital stock owned by Creative or another of Creative's subsidiaries. Each of such subsidiaries are duly organized corporations, validly existing and in good standing under the laws of the jurisdiction of its respective incorporation (collectively, as well as all applicable foreign jurisdictions necessary to its business operations) and have the "Quality Subsidiaries") set forth in the disclosure schedule requisite corporate power and attached hereto as Exhibit 2 (the "Quality Disclosure Schedule"), Quality does not (i) authority and governmental authority to own, directly operate or indirectlylease the properties that each purports to own, of record operate or beneficially, any shares of voting stock or other equity securities of any other corporation, (ii) have any ownership interest, direct or indirect, of record or beneficially, in any unincorporated entity, lease and (iii) have any obligation, direct or indirect, present or contingent, (A) to purchase or subscribe for any interest in, advance or loan monies to, or in any way make investments in, any other person or entity, or (B) to share any profits or capital investments or bothcarry on its business as it is now being conducted. (b) None Except for (A) each of Terry's and David's ownership of 25% of the Quality Stockholders outstanding capital stock of Inventory Management Systems, Inc., and (B) Terry's ownership of 100% of the outstanding capital stock of Xxxxxxxx Sales, Inc. ("Xxxxxxxx"), a Virginia corporation engaged in the business of acting as representative in the distribution of "front-line" interactive software games and the sale of "close-out" interactive software games, neither the Shareholders (individually or jointly) nor Creative (i) own, directly or indirectly, of record or beneficially, any shares of voting stock or other equity securities of any other corporation engaged in the same or similar business to that business engaged in by Quality Creative at the Effective Time (other than not more than one percent (1%) of the publicly-traded capital stock of corporations engaged in such business held solely for investment purposes); (ii) have any ownership interest, direct or indirect, of record or beneficially, in any unincorporated entity engaged in the same or similar business to that business engaged in by Quality Creative at the Effective Time; and (iii) have any obligation, direct or indirect, present or contingent, (A) to purchase or subscribe for any interest in, advance or loan monies to, or in any way make investments in, any other person or entity engaged in the same or similar business to that business engaged in by Quality Creative at the Effective Time, or (B) to share any profits or capital investments or both from a entity engaged in the same or similar business to that business engaged in by Quality Creative at the Effective Time.

Interests in Other Entities. (a) Except for the entities (collectively, the "Quality Subsidiaries") set forth in the disclosure schedule and attached hereto as Exhibit 2 (the "Quality Disclosure Schedule"), Quality Salex does not (i) own, directly or indirectly, of record or beneficially, any shares of voting stock or other equity securities of any other corporationcorporation except the Salex Subsidiaries, as set forth on Schedule 2.2(b), (ii) have any ownership interest, direct or indirect, of record or beneficially, in any unincorporated entity, and (iii) have any obligation, direct or indirect, present or contingent, (A) to purchase or subscribe for any interest in, advance or loan monies to, or in any way make investments in, any other person or entity, or (B) to share any profits or capital investments or both. (b) None of the Quality Salex Stockholders (individually or jointly) (i) ownowns, directly or indirectly, of record or beneficially, any shares of voting stock or other equity securities of any other corporation engaged in the same or similar business to that business engaged in by Quality Salex or the Salex Subsidiaries at the Effective Time (other than not more than one percent (1%) of the publicly-traded capital stock of corporations engaged in such business business, which stock is held solely for investment purposes); (ii) have has any ownership interest, direct or indirect, of record or beneficially, in any unincorporated entity engaged in the same or similar business to that business engaged in by Quality Salex and the Salex Subsidiaries at the Effective Time; and (iii) have has any obligation, direct or indirect, present or contingent, (A) to purchase or subscribe for any interest in, advance or loan monies to, or in any way make investments in, any other person or entity engaged in the same or similar business to that business engaged in by Quality Salex or the Salex Subsidiaries at the Effective Time, or (B) to share any profits or capital investments or both from a entity engaged in the same or similar business to that business engaged in by Quality Salex or the Salex Subsidiaries at the Effective Time.

Interests in Other Entities. (a) Except for Schedule 3.4 sets forth a true and complete list of all direct or indirect subsidiaries of Angel, together with the entities jurisdiction of incorporation of each such subsidiary and the percentage of each such subsidiary's outstanding capital stock owned by Angel or another of Angel's subsidiaries. Each such subsidiary is a duly organized corporation, validly existing and in good standing under the laws of the jurisdiction of its incorporation (collectively, as well as all applicable foreign jurisdictions necessary to its business operations) and has the "Quality Subsidiaries") set forth in the disclosure schedule requisite corporate power and attached hereto as Exhibit 2 (the "Quality Disclosure Schedule"), Quality does not (i) authority and governmental authority to own, directly operate or indirectlylease the properties that it purports to own, of record operate or beneficially, any shares of voting stock or other equity securities of any other corporation, (ii) have any ownership interest, direct or indirect, of record or beneficially, in any unincorporated entity, lease and (iii) have any obligation, direct or indirect, present or contingent, (A) to purchase or subscribe for any interest in, advance or loan monies to, or in any way make investments in, any other person or entity, or (B) to share any profits or capital investments or bothcarry on its business as it is now being conducted. (b) None Other than the Angel Stock and except as set forth in Schedule 3.4, none of the Quality Selling Stockholders (individually or jointly) (i) own, directly or indirectly, of record or beneficially, any shares of voting stock or other equity securities of any other corporation engaged in the same Business or any business similar business to that business engaged in by Quality at the Effective Time thereto (other than not more than one percent (1%) of the publicly-traded capital stock of corporations engaged in such business held solely for investment purposes); (ii) have any ownership interest, direct or indirect, of record or beneficially, in any unincorporated entity engaged in the same Business or any business similar business to that business engaged in by Quality at the Effective Timethereto; and (iii) have any obligation, direct or indirect, present or contingent, (A) to purchase or subscribe for any interest in, advance or loan monies to, or in any way make investments in, any other person or entity engaged in the same Business or any business similar business to that business engaged in by Quality at the Effective Timethereto, or (B) to share any profits or capital investments or both from a an entity engaged in the same Business or any business similar business to that business engaged in by Quality the Effective Timethereto.