Common use of No Other Commitments Clause in Contracts

No Other Commitments. Except for the BIZ Options and BIZ Warrants disclosed in or pursuant to Section 3.2.1, there are no options, warrants, calls, rights, commitments, conversion rights, exchange rights or agreements of any character to which BIZ or BCP is a party or by which BIZ or BCP is bound obligating BIZ or BCP to issue, deliver or sell, or cause to be issued, delivered or sold, any shares of capital stock of BIZ or BCP or securities convertible into or exchangeable for shares of capital stock of BIZ or BCP, or obligating BIZ or BCP to grant, extend or enter into any option, warrant, call, right, commitment, conversion right or agreement. There are no voting trusts or other agreements or understandings to which BIZ or BCP or, to the knowledge of BIZ, any of its stockholders is a party with respect to the voting of the capital stock of BIZ or BCP. There are no put agreements or registration rights agreements, or any other agreements of any character or nature to which BIZ is a party or by which BIZ is bound, obligating BIZ to purchase or register, or cause to be purchased or registered, any shares of capital stock of BIZ or securities convertible into or exchangeable for shares of capital stock of BIZ.

Appears in 4 contracts

Samples: Merger Agreement (SSP Solutions Inc), Merger Agreement (Shah Kris & Geraldine Family Trust), Merger Agreement (SSP Solutions Inc)

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