Common use of Material Transactions or Affiliations Clause in Contracts

Material Transactions or Affiliations. Every contract, agreement, or arrangement between the Company and any predecessor and any person who is or has ever been an officer or director of the Company or person owning of record, or known by the Company to own beneficially, 5% or more of the issued and outstanding common stock of the Company and which is to be performed in whole or in part after the date hereof or was entered into within three years before the date hereof was for a bona fide business purpose of the Company, and the amount paid or received, whether in cash, in services, or in kind, is, has been during the full term thereof, and is required to be during the un-expired portion of the term thereof, no less favorable to the Company than terms available from otherwise unrelated parties in arm's-length transactions. Each of the foregoing is accurately and completely described in the Prospectus.

Appears in 2 contracts

Samples: Placement Agent Agreement (Eagle Golf Corp), Placement Agent Agreement (Body Art & Science Inc)

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Material Transactions or Affiliations. Every contract, agreement, or arrangement between the Company and any predecessor and any person who is or has ever been an officer or director of the Company or person owning of record, or known by the Company to own beneficially, more than 5% or more of the issued and outstanding common stock of the Company and which is to be performed in whole or in part after the date hereof or was entered into within three years before the date hereof was for a bona fide business purpose of the Company, and the amount paid or received, whether in cash, in services, or in kind, is, has been during the full term thereof, and is required to be during the un-expired unexpired portion of the term thereof, no less favorable to the Company than terms available from otherwise unrelated parties in arm'sarm’s-length transactions. Each of the foregoing is accurately and completely described in the Prospectus.

Appears in 2 contracts

Samples: Placement Agent Agreement (Vendingdata Corp), Placement Agent Agreement (Vendingdata Corp)

Material Transactions or Affiliations. Every contract, agreement, or arrangement between the Company and any predecessor and any person who is or has ever been an officer or director of the Company or person owning of record, or known by the Company to own beneficially, more than 5% or more of the issued and outstanding common stock of the Company Common Stock and which is to be performed in whole or in part after the date hereof or was entered into within three years before the date hereof was for a bona fide business purpose of the Company, and the amount paid or received, whether in cash, in services, or in kind, is, has been during the full term thereof, and is required to be during the un-expired unexpired portion of the term thereof, no less favorable to the Company than terms available from otherwise unrelated parties in arm'sarm’s-length transactions. Each of the foregoing is accurately and completely described in the ProspectusSubscription Documents.

Appears in 1 contract

Samples: Placement Agent Agreement (Vendingdata Corp)

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Material Transactions or Affiliations. Every contract, agreement, or arrangement between the Company and any predecessor and any person who is or has ever been an officer or director of the Company or person owning of record, or known by the Company to own beneficially, 5% or more of the issued and outstanding common stock of the Company and which is to be performed in whole or in part after the date hereof or was entered into within three years before the date hereof was for a bona fide business purpose of the Company, and the amount paid or received, whether in cash, in services, or in kind, is, has been during the full term thereof, and is required to be during the un-expired portion of the term thereof, no less favorable to the Company than terms available from otherwise unrelated parties in arm's-length transactions. Each of the foregoing is accurately and completely described in the ProspectusMemorandum.

Appears in 1 contract

Samples: Placement Agent Agreement (Onecap)

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