No Outside Interests. Until the Restriction Termination Date, the Company’s chairman and chief executive officer will devote their full time and attention to the business of the Company and shall not have any business interests or activities other than as chairman or chief executive officer, as the case may be, except that he or she may devote time, which shall not be material and which shall not interfere with his or her duties as the Company’s chairman or chief executive officer, as the case may be, to personal passive investments and charitable and community activities. Furthermore, none of the PRC Company Stockholders shall have any interests or engage in any business which is directly or indirectly competitive with that of the Company or any Related Party.
Appears in 3 contracts
Samples: Securities Purchase Agreement (China Wind Systems, Inc), Securities Purchase Agreement (Achievers Magazine Inc), Securities Purchase Agreement (Malex Inc)
No Outside Interests. Until the Restriction Termination Date, Date the Company’s chairman and chief executive officer will devote their full time and attention to the business of the Company and shall not have any business interests or activities other than as chairman or chief executive officer, as the case may be, except that he or she may devote time, which shall not be material and which shall not interfere with his or her duties as the Company’s chairman or and chief executive officer, as the case may be, to personal passive investments and charitable and community activities. Furthermore, none of the PRC Company Related Companies’ Stockholders shall have any interests or engage in any business which is directly or indirectly competitive with that of the Company or any Related PartyCompany until the Restriction Termination Date.
Appears in 1 contract
Samples: Securities Purchase Agreement (Genesis Pharmaceuticals Enterprises, Inc.)
No Outside Interests. Until the Restriction Termination Date, the Company’s chairman and chief executive officer will devote their full time and attention to the business of the Company and shall not have any business interests or activities other than as chairman or chief executive officer, as the case may be, except that he or she may devote time, which shall not be material and which shall not interfere with his or her duties as the Company’s chairman or chief executive officer, as the case may be, to personal passive investments and charitable and community activities. Furthermore, none of the PRC Company Stockholders shall have any interests or engage in any business which that is directly or indirectly competitive with that of the Company or any Related Party.
Appears in 1 contract
Samples: Securities Purchase Agreement (Capital Solutions I, Inc.)
