Common use of Obligations to Related Parties Clause in Contracts

Obligations to Related Parties. There are no obligations of the Company or any of its Subsidiaries to officers, directors, stockholders or employees of the Company or any of its Subsidiaries other than: (a) for payment of salary for services rendered and for bonus payments; (b) reimbursement for reasonable expenses incurred on behalf of the Company and its Subsidiaries; and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company). Further, except as described above, none of the officers, directors or, to the best of the Company’s knowledge, key employees or stockholders of the Company or any members of their immediate families, are indebted to the Company, individually or in the aggregate, in excess of $5,000 or have any direct or indirect ownership interest in any firm or corporation with which the Company is affiliated or with which the Company has a business relationship, or any firm or corporation which competes with the Company, other than passive investments in publicly traded companies (representing less than one percent (1%) of such company) which may compete with the Company. Except as described above, no officer, director or stockholder, or any member of their immediate families, is, directly or indirectly, interested in any material contract with the Company and no agreements, understandings or proposed transactions are contemplated between the Company and any such person. Except as set forth on Schedule 3.7, the Company is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporation.

Obligations to Related Parties. There are no obligations of the Company or any of its Subsidiaries to officers, directors, stockholders or employees of the Company or any of its Subsidiaries other than: than (a) for payment of salary for services rendered and for bonus payments; rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company and its Subsidiaries; and Company, (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company)) and (d) obligations listed in the Company's financial statements. FurtherNone of the officers, except directors or stockholders of the Company, or any members of their immediate families, are indebted to the Company. Except as described above, none of the officers, directors or, to the best of the Company’s 's knowledge, key employees or stockholders of the Company or any members of their immediate families, are indebted to the Company, individually or in the aggregate, in excess of $5,000 Company or have any direct or indirect ownership interest in any firm or corporation with which the Company is affiliated or with which the Company has a business relationship, or any firm or corporation which competes with the Company, other than passive investments in publicly traded companies (representing less than one percent (1%) % of such company) which may compete with the Company. Except as described above, no officer, director or stockholder, or any member of their immediate families, is, directly or indirectly, interested in any material contract with the Company and no agreements, understandings or proposed transactions are contemplated between the Company and any such person. Except as set forth on Schedule 3.7, the The Company is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporation.

Obligations to Related Parties. There are Except as set forth above it has no obligations of the Company or any of to its Subsidiaries to officers, directors, stockholders or employees of the Company or any of its Subsidiaries other than: (ai) for payment of salary for services rendered and for bonus payments, including under Employment Agreements and deferred compensation agreements; (bii) reimbursement for reasonable expenses incurred on behalf of the Company and its Subsidiaries; andbehalf; (ciii) for other standard employee benefits made generally available to all employees employees; and (including stock option agreements outstanding under iv) obligations listed in its financial statements or to be disclosed in any stock option plan approved by the Board of Directors of the Company)’s Securities Act or Exchange Act Filings. Further, except Except as described above, none of the its officers, directors or, to the best of the Company’s its knowledge, key employees or stockholders of the Company stockholders, or any members of their immediate families, are indebted to the Companyit, individually or in the aggregate, in excess of $5,000 50,000 or have any direct or indirect ownership interest in any firm or corporation Person with which the Company it is affiliated or with which the Company it has a business relationship, or any firm or corporation Person which competes with the Companyit, other than passive investments in publicly traded companies (representing less than one percent (1%) of such company) which may compete with the Companyit. Except as described above, no officernone of its officers, director directors or stockholderstockholders, or any member of their immediate families, is, directly or indirectly, interested in any material contract with the Company it and no agreements, understandings or proposed transactions are contemplated between the Company it and any such personPerson. Except as set forth on Schedule 3.7above, the Company it is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporationPerson.

Obligations to Related Parties. There are no obligations of the Company or any of its Subsidiaries to officers, directors, stockholders or employees of the Company or any of its Subsidiaries other than: than (a) for payment of salary for services rendered and for bonus payments; rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company and its Subsidiaries; and Company, (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company)) and (d) obligations listed in the Company's financial statements or disclosed in any of its Exchange Act Filings. Further, except Except as described aboveabove or set forth on Schedule 2.7, none of the officers, directors or, to the best of the Company’s 's knowledge, key employees or stockholders of the Company or any members of their immediate families, are indebted to the Company, individually or in the aggregate, in excess of $5,000 50,000 or have any direct or indirect ownership interest in any firm or corporation with which the Company is affiliated or with which the Company has a business relationship, or any firm or corporation which competes with the Company, other than passive investments in publicly traded companies (representing less than one percent (1%) % of such company) which may compete with the Company. Except as described above, no officer, director or stockholder, or any member of their immediate families, is, directly or indirectly, interested in any material contract with the Company and no agreements, understandings or proposed transactions are contemplated between the Company and any such person. Except as set forth on Schedule 3.72.7, the Company is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporation.

Obligations to Related Parties. There Except as set forth on Schedule 4.7, there are no obligations of the Company or any of its Subsidiaries to officers, directors, stockholders or employees of the Company or any of its Subsidiaries other than: than (a) for payment of salary for services rendered and for bonus payments; , (b) reimbursement for reasonable expenses incurred on behalf of the Company and its Subsidiaries; and Company, (c) for other standard employee benefits made generally available to all employees or groups of employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company)) and (d) obligations listed in the Company’s financial statements or disclosed in any of its Exchange Act Filings. Further, except Except as described aboveabove or set forth on Schedule 4.7, none of the officers, directors or, to the best of the Company’s knowledge, key employees or stockholders of the Company or any members of their immediate families, are indebted to the Company, individually or in the aggregate, in excess of $5,000 150,000 or have any direct or indirect ownership interest in any firm or corporation with which the Company is affiliated or with which the Company has a business relationship, or any firm or corporation which competes with the Company, other than passive investments in publicly traded companies (representing less than one percent (1%) % of such company) which may compete with the Company. Except as described above, no officer, director officer or stockholderdirector, or any member of their immediate families, is, directly or indirectly, interested in any material contract with the Company and no agreements, understandings or proposed transactions are contemplated between the Company and any such person. Except as set forth on Schedule 3.74.7 or as disclosed in the Exchange Act Filings, the Company is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporationcorporation other than guaranties of obligations of any of the Subsidiaries.

Obligations to Related Parties. There are no obligations of the Company or any of its Subsidiaries to officers, directors, stockholders or employees of the Company or any of its Subsidiaries other than: than (a) for payment of salary for services rendered and for bonus payments; rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company and its Subsidiaries; and Company, (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company)) and (d) obligations listed in the Company's financial statements or disclosed in any of its Exchange Act Filings. Further, except Except as described aboveabove or set forth on Schedule 4.7, none of the officers, directors or, to the best of the Company’s 's knowledge, key employees or stockholders of the Company or any members of their immediate families, are indebted to the Company, individually or in the aggregate, in excess of $5,000 100,000 or have any direct or indirect ownership interest in any firm or corporation with which the Company is affiliated or with which the Company has a business relationship, or any firm or corporation which competes with the Company, other than passive investments in publicly traded companies (representing less than one percent (1%) % of such company) which may compete with the Company. Except as described above, no officer, director or stockholder, or any member of their immediate families, is, directly or indirectly, interested in any material contract with the Company and no agreements, understandings or proposed transactions are contemplated between the Company and any such person. Except as set forth on Schedule 3.74.7, the Company is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporation.

Obligations to Related Parties. There are no obligations of the Company or any of its Subsidiaries to officers, directors, stockholders or employees of the Company or any of its Subsidiaries other than: than (a) for payment of salary for services rendered and for bonus payments; rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company and its Subsidiaries; and Company, (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company)) and (d) obligations listed in the Company's financial statements or disclosed in any of its Exchange Act Filings. Further, except Except as described aboveabove or set forth on Schedule 4.7, none of the officers, directors or, to the best of the Company’s 's knowledge, key employees or stockholders of the Company or any members of their immediate families, are indebted to the Company, individually or in the aggregate, in excess of $5,000 50,000 or have any direct or indirect ownership interest in any firm or corporation with which the Company is affiliated or with which the Company has a business relationship, or any firm or corporation which competes with the Company, other than passive investments in publicly traded companies (representing less than one percent (1%) % of such company) which may compete with the Company. Except as described above, no officer, director or stockholder, or any member of their immediate families, is, directly or indirectly, interested in any material contract with the Company and no agreements, understandings or proposed transactions are contemplated between the Company and any such person. Except as set forth on Schedule 3.74.7, the Company is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporation.

Obligations to Related Parties. There are no obligations of the Company or any of its Subsidiaries to officers, directors, stockholders or employees of the Company or any of its Subsidiaries other than: than (a) for payment of salary for services rendered and for bonus payments; rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company and its Subsidiaries; and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company). FurtherWith the exception of a Canadian $14,000 loan to a vice president of the Company, except as described abovewith interest payable at prime plus 1%, none of the officers, directors or stockholders of the Company, or any members of their immediate families, are indebted to the Company. None of the officers, directors or, to the best of the Company’s 's knowledge, key employees or stockholders of the Company or any members of their immediate families, are indebted to the Company, individually or in the aggregate, in excess of $5,000 Company or have any direct or indirect ownership interest in any firm or corporation with which the Company is affiliated or with which the Company has a business relationship, other than with respect to Softtalk, or any firm or corporation which competes with the Company, other than passive investments in publicly traded companies (representing less than one percent (1%) % of such company) which may compete with the Company. Except as described above, no No officer, director or stockholder, or any member of their immediate families, is, directly or indirectly, interested in any material contract with the Company and no agreements, understandings or proposed transactions are contemplated between the Company and any such person. Except as set forth on Schedule 3.7, the The Company is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporation.

Obligations to Related Parties. There are no obligations of the Company or any of its Subsidiaries to officers, directors, stockholders or employees of the Company or any of its Subsidiaries other than: than (a) for payment of salary for services rendered and for bonus payments; rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company and its Subsidiaries; and Company, (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company)) and (d) obligations listed in the Company’s financial statements or disclosed in any of its Exchange Act Filings. Further, except Except as described aboveabove or set forth on Schedule 2.7, none of the officers, directors or, to the best of the Company’s knowledge, key employees or stockholders of the Company or any members of their immediate families, are indebted to the Company, individually or in the aggregate, in excess of $5,000 50,000 or have any direct or indirect ownership interest in any firm or corporation with which the Company is affiliated or with which the Company has a business relationship, or any firm or corporation which competes with the Company, other than passive investments in publicly traded companies (representing less than one percent (1%) % of such company) which may compete with the Company. Except as described above, no officer, director or stockholder, or any member of their immediate families, is, directly or indirectly, interested in any material contract with the Company and no agreements, understandings or proposed transactions are contemplated between the Company and any such person. Except as set forth on Schedule 3.72.7, the Company is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporation.

Obligations to Related Parties. There are no obligations of the Company or any of its Subsidiaries to officers, directors, stockholders or employees of the Company or any of its Subsidiaries other than: than (a) for payment of salary for services rendered and for bonus payments; rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company and its Subsidiaries; and Company, (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company)) and (d) obligations listed in the Company’s financial statements or disclosed in any of its Exchange Act Filings. Further, except Except as described aboveabove or set forth on Schedule 2.7, none of the officers, directors or, to the best of the Company’s 's knowledge, key employees or stockholders of the Company or any members of their immediate families, are indebted to the Company, individually or in the aggregate, in excess of $5,000 50,000 or have any direct or indirect ownership interest in any firm or corporation with which the Company is affiliated or with which the Company has a business relationship, or any firm or corporation which competes with the Company, other than passive investments in publicly traded companies (representing less than one percent (1%) % of such company) which may compete with the Company. Except as described above, no officer, director or stockholder, or any member of their immediate families, is, directly or indirectly, interested in any material contract with the Company and no agreements, understandings or proposed transactions are contemplated between the Company and any such person. Except as set forth on Schedule 3.72.7, the Company is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporation.

Obligations to Related Parties. There are no obligations of the Company or any of its Subsidiaries to officers, directors, stockholders or employees of the Company or any of its Subsidiaries other than: (a) for payment of salary for services rendered and for bonus payments; (b) reimbursement for reasonable expenses incurred on behalf of the Company and its Subsidiaries; and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company). Further, except as described above, none of the officers, directors or, to the best of the Company’s 's knowledge, key employees or stockholders of the Company or any members of their immediate families, are indebted to the Company, individually or in the aggregate, in excess of $5,000 or have any direct or indirect ownership interest in any firm or corporation with which the Company is affiliated or with which the Company has a business relationship, or any firm or corporation which competes with the Company, other than passive investments in publicly traded companies (representing less than one percent (1%) of such company) which may compete with the Company. Except as described above, no officer, director or stockholder, or any member of their immediate families, is, directly or indirectly, interested in any material contract with the Company and no agreements, understandings or proposed transactions are contemplated between the Company and any such person. Except as set forth on Schedule 3.7, the Company is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporation.

Obligations to Related Parties. There Except as set forth in the SEC Reports, there are no obligations of the Company or any of its Subsidiaries to officers, directors, stockholders or employees of the Company or any of its Subsidiaries other than: than (a) for payment of salary for services rendered and for bonus payments; rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company and its Subsidiaries; and Company, (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company)) and (d) obligations listed in the Company's financial statements. FurtherNone of the officers, except directors or stockholders of the Company, or any members of their immediate families, are indebted to the Company. Except as described above, none of the officers, directors or, to the best of the Company’s 's knowledge, key employees or stockholders of the Company or any members of their immediate families, are indebted to the Company, individually or in the aggregate, in excess of $5,000 Company or have any direct or indirect ownership interest in any firm or corporation with which the Company is affiliated or with which the Company has a business relationship, or any firm or corporation which competes with the Company, other than passive investments in publicly traded companies (representing less than one percent (1%) % of such company) which may compete with the Company. Except as described above, no officer, director or stockholder, or any member of their immediate families, is, directly or indirectly, interested in any material contract with the Company and no agreements, understandings or proposed transactions are contemplated between the Company and any such person. Except as set forth on Schedule 3.7, the The Company is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporation.

Obligations to Related Parties. There Except as set forth on the Schedule of Exceptions, there are no obligations of the Company or any of its Subsidiaries to officers, directors, stockholders directors or employees of the Company or any of its Subsidiaries other than: than (a) for payment of salary for services rendered and for bonus payments; rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company and its Subsidiaries; and Company, (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company), and (d) obligations for indemnification under the Company’s organizational documents and applicable law. Further, except Except as described aboveset forth on the Schedule of Exceptions, none of the officers, directors or, to the best or key employees of the Company’s knowledge, key employees or stockholders of the Company or any members of their immediate families, are indebted to the Company or, to the Company’s knowledge, individually or in the aggregate, in excess of $5,000 or have any direct or or, to the best of the Company’s knowledge, indirect ownership interest in any firm or corporation with which the Company is affiliated or with which the Company has a business relationship, or any firm or corporation which competes with the Company, other than passive investments in publicly traded companies (representing less than one percent (1%) % of such company) which may compete with the Company. Except as described above, no officer, director No officer or stockholderdirector, or any member of their immediate families, is, directly or or, to the best of the Company’s knowledge, indirectly, interested in any material contract with the Company and no agreements, understandings or proposed transactions are contemplated between the Company and (other than such contracts as relate to any such person’s ownership of capital stock or other securities of the Company). Except as set forth on Schedule 3.7may be disclosed in the Financial Statements, the Company is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporation.

Obligations to Related Parties. There Except as set forth on Schedule 4.7, there are no obligations of the Company or any of its Subsidiaries to officers, directors, stockholders or employees of the Company or any of its Subsidiaries other than: than (a) for payment of salary for services rendered and for bonus payments; , (b) reimbursement for reasonable expenses incurred on behalf of the Company and its Subsidiaries; and Company, (c) for other standard employee benefits made generally available to all employees or groups of employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company)) and (d) obligations listed in the Company's financial statements or disclosed in any of its Exchange Act Filings. Further, except Except as described aboveabove or set forth on Schedule 4.7, none of the officers, directors or, to the best of the Company’s 's knowledge, key employees or stockholders of the Company or any members of their immediate families, are indebted to the Company, individually or in the aggregate, in excess of $5,000 150,000 or have any direct or indirect ownership interest in any firm or corporation with which the Company is affiliated or with which the Company has a business relationship, or any firm or corporation which competes with the Company, other than passive investments in publicly traded companies (representing less than one percent (1%) % of such company) which may compete with the Company. Except as described above, no officer, director officer or stockholderdirector, or any member of their immediate families, is, directly or indirectly, interested in any material contract with the Company and no agreements, understandings or proposed transactions are contemplated between the Company and any such person. Except as set forth on Schedule 3.74.7 or as disclosed in the Exchange Act Filings, the Company is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporationcorporation other than guaranties of obligations of any of the Subsidiaries.

Obligations to Related Parties. There are Except as set forth on Schedule 16(g), it has no obligations of the Company or any of to its Subsidiaries to officers, directors, stockholders or employees of the Company or any of its Subsidiaries other than: (ai) for payment of salary for services rendered and for bonus payments; (bii) reimbursement for reasonable expenses incurred on behalf of the Company and its Subsidiaries; andbehalf; (ciii) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the its Board of Directors Directors); and (iv) obligations listed in its financial statements or disclosed in any of the Company)its Exchange Act Filings. Further, except Except as described aboveabove or set forth on Schedule 16(g), none of the its officers, directors or, to the best of the Company’s its knowledge, key employees or stockholders of the Company or any members of their immediate families, are indebted to the Companyit, individually or in the aggregate, in excess of $5,000 US$50,000 or have any direct or indirect ownership interest in any firm or corporation Person with which the Company it is affiliated or with which the Company it or any has a business relationship, or any firm or corporation Person which competes with the Companyit, other than passive investments in publicly traded companies (representing less than one percent (1%) of such company) which may compete with the Companyit. Except as described above, no officernone of its officers, director directors or stockholderstockholders, or any member of their immediate families, is, directly or indirectly, interested in any material contract with the Company it and no agreements, understandings or proposed transactions are contemplated between the Company it and any such personPerson. Except as set forth on Schedule 3.716(g), the Company it is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporationPerson.

Obligations to Related Parties. There Except as set forth in the SEC Reports, there are no obligations of the Company or any of its Subsidiaries to officers, directors, stockholders or employees of the Company or any of its Subsidiaries other than: than (a) for payment of salary for services rendered and for bonus payments; rendered, (b) reimbursement for reasonable expenses incurred on behalf of the Company and its Subsidiaries; and (c) for other standard employee benefits made generally available to all employees (including stock option agreements outstanding under any stock option plan approved by the Board of Directors of the Company). FurtherExcept as set forth in the SEC Reports, except none of the officers, directors or stockholders of the Company, or any members of their immediate families, are indebted to the Company. Except as described aboveset forth in the SEC Reports, none of the officers, directors or, to the best of the Company’s 's knowledge, key employees or stockholders of the Company or any members of their immediate families, are indebted to the Company, individually or in the aggregate, in excess of $5,000 Company or have any direct or indirect ownership interest in any firm or corporation with which the Company is affiliated or with which the Company has a business relationship, or any firm or corporation which competes with the Company, other than passive investments in publicly traded companies (representing less than one percent (1%) % of such company) which may compete with the Company. Except Other than as described abovein the SEC Reports, no officer, director or stockholder, or any member of their immediate families, is, directly or indirectly, interested in any material contract with the Company and no agreements, understandings or proposed transactions are contemplated between the Company and any such person. Except as set forth on Schedule 3.7, the The Company is not a guarantor or indemnitor of any indebtedness of any other person, firm or corporation.