Common use of Satisfaction of Covenants Clause in Contracts

Satisfaction of Covenants. Purchaser shall have retained Xxxxx Xxxxx as President and Chief Executive Officer, entered into a consulting agreement with Xxxxxx Xxxxxxxxx, and taken all steps necessary to effectuate the Reverse Stock Split, election of the board of directors, Private Placement, surrender of out of the money options and distribution of the royalty rights, all as more fully provided in Section 8 of this Agreement.

Satisfaction of Covenants. Purchaser shall have retained Xxxxx Xxxxx as President and Chief Executive Officer, entered into a consulting agreement with Xxxxxx Xxxxxxxxx, and taken all steps necessary to effectuate the Reverse Stock Split, election of the board of directors, the Private Placement, surrender of out of the money options and distribution of the royalty rights, all as more fully provided in Section 8 of this Agreement.